$5,938 Closing Credit*
$500,000
1,853 SqFt
3 Beds
•2 Full Baths
Jesse Richter, Listing Office: Knipe Realty ERA Powered
Is 97023, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97023 was a Neutral Market.
Key Takeaway
97023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97023, OR
How much do homes in 97023, OR cost?
Median Sold Price
$539,900
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,900(+3.8%)
Key Takeaway
Homes in 97023 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 97023 was $539,900 in November 2024, up 3.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $730K | +87.2% |
| 3 Bedrooms | $499.4K | $509.9K | +2.1% |
| 4 Bedrooms | $559.9K | $549.9K | -1.8% |
| 5+ Bedrooms | $569K | $684.9K | +20.4% |
Summary: 97023 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Zip Codes
| 97023 | $520K | $539.9K | +3.8% |
| 97017 | $647.5K | $627.5K | -3.1% |
Housing Supply in 97023, OR
How many homes are available in 97023, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 87 | -7.4% |
Summary: The 97023 real estate market had 87 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 46 | 38 | -17.4% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 97023 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97023, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 97023 in November 2024, up by 5.9% month-over-month. Of the 18 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for 97023, OR
How long does it take to sell a home in 97023, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 64 Days | +129.0% |
Summary: Homes in 97023 had an average of 64 days on market in Nov 2024, up by 129% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97023 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 97023; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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