Is 97015, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97015 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $220K$220.5K
0.2%
2 $354.5K$415K
+17.1%
3 $551.2K$559.5K
+1.5%
4 $633.5K$650K
+2.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97089
+7.7%
97027
+6.7%
97086
+0.6%
97267
-0.8%
97015
-0.9%

Housing Supply in 97015, OR

How many homes are available in 97015, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5569+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

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 33
0.0%
3 2223
+4.5%
4 2229
+31.8%
5+ 510
+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 2024Oct 2024CHANGE
813+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
79 Days58 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 97015, OR

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