$7,124 Closing Credit*
$599,950
1,765 SqFt
4 Beds
•2 Full Baths
David Khrul, Listing Office: John L. Scott Portland Central
Is 97014, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97014 has remained a Seller's Market.
Key Takeaway
97014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97014, OR
How much do homes in 97014, OR cost?
Median Sold Price
$405,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.6%)
Key Takeaway
Homes in 97014 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 97014 was $405,000 in October 2024, up 6.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249K | $380K | +52.6% |
| 3 Bedrooms | $405K | $505K | +24.7% |
| 4 Bedrooms | $385K | $387.5K | +0.6% |
| 5+ Bedrooms | - | $310K | N/A |
Summary: 97014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in 97014, OR
How many homes are available in 97014, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 97014 real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97014, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 97014 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97014, OR
How long does it take to sell a home in 97014, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 35 Days | +253.3% |
Summary: Homes in 97014 had an average of 35 days on market in Oct 2024, up by 253.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97014 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 97014; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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