$3,859 Closing Credit*
$325,000
833 SqFt
2 Beds
•1 Full Bath
Rhonda Holmsten, Jenny Erhardt, Listing Office: Ark Real Estate
Is 97016, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97016 was a Neutral Market.
Key Takeaway
97016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97016, OR
How much do homes in 97016, OR cost?
Median Sold Price
$375,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$33,068(-8.1%)
Key Takeaway
Homes in 97016 have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in 97016 was $375,000 in October 2024, down 8.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | - | N/A |
| 2 Bedrooms | $334.5K | $323.5K | -3.3% |
| 3 Bedrooms | $400K | $399K | -0.3% |
| 4 Bedrooms | $411.5K | $380K | -7.7% |
| 5+ Bedrooms | $493.8K | $542K | +9.8% |
Summary: 97016 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 decreased by 3.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 97016, OR
How many homes are available in 97016, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The 97016 real estate market had 43 homes for sale in October 2024, a 16.2% 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 97016 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 increased by 28.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97016, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 97016 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 97016, OR
How long does it take to sell a home in 97016, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 122 Days | 39 Days | -67.6% |
Summary: Homes in 97016 had an average of 39 days on market in Oct 2024, down by 67.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97016 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 97016; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.