$2,672 Closing Credit*
$225,000
675 SqFt
2 Beds
•1 Full Bath
Craig Fahner, Elaine Powers, Listing Office: John L. Scott Portland Metro
Is 97015, 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, 97015 has remained a Seller's Market.
Key Takeaway
97015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97015, OR
How much do homes in 97015, OR cost?
Median Sold Price
$579,900
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,100(-0.9%)
Key Takeaway
Homes in 97015 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 97015 was $579,900 in October 2024, down 0.9% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $220.5K | 0.2% |
| 2 Bedrooms | $354.5K | $415K | +17.1% |
| 3 Bedrooms | $551.2K | $559.5K | +1.5% |
| 4 Bedrooms | $633.5K | $650K | +2.6% |
| 5+ Bedrooms | $717.9K | $705K | -1.8% |
Summary: 97015 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 97015, OR
How many homes are available in 97015, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 69 | +25.5% |
Summary: The 97015 real estate market had 69 homes for sale in October 2024, a 25.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 97015 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97015, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 97015 in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for 97015, OR
How long does it take to sell a home in 97015, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 58 Days | -25.9% |
Summary: Homes in 97015 had an average of 58 days on market in Oct 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97015 has remained consistent over time.
Summary: During October 2024, 13 homes were sold in 97015; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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