$7,838 Closing Credit*
$660,000
1,407 SqFt
3 Beds
•2 Full Baths
Alex Cristurean, Alexis Buturoaga, Listing Office: RE/MAX Equity Group
Is 97023, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $397.5K | $710K | +78.6% |
| 3 Bedrooms | $497K | $513.9K | +3.4% |
| 4 Bedrooms | $569.9K | $550K | -3.5% |
| 5+ Bedrooms | $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 | $520K | $544.4K | +4.7% |
| 97004 | $800K | $825K | +3.1% |
| 97017 | $725K | $580K | -20.0% |
Housing Supply in 97023, OR
How many homes are available in 97023, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 93 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 44 | 48 | +9.1% |
| 5+ Bedrooms | 9 | 10 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 73 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
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.
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