Is 97023, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97023 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 97023 has remained a Neutral Market.

Key Takeaway

97023 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 97023, OR

How much do homes in 97023, OR cost?

Median Sold Price

$544,400

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,400(+4.7%)

Key Takeaway

Homes in 97023 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 97023 was $544,400 in October 2024, up 4.7% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $397.5K$710K
+78.6%
3 $497K$513.9K
+3.4%
4 $569.9K$550K
-3.5%
5+ $696K$664.9K
-4.5%

Summary: 97023 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 78.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

97023
+4.7%
97004
+3.1%
97017
-20.0%

Housing Supply in 97023, OR

How many homes are available in 97023, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8893+5.7%

Summary: The 97023 real estate market had 93 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3333
0.0%
4 4448
+9.1%
5+ 910
+11.1%

Summary: The 97023 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 remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15150.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97023, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 97023 in October 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
66 Days73 Days+10.5%

Summary: Homes in 97023 had an average of 73 days on market in Oct 2024, up by 10.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97023 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 97023; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 97023, OR

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