$4,097 Closing Credit*
$345,000
1,305 SqFt
2 Beds
•2 Full Baths
Katie Harsany, Listing Office: Windermere Realty Trust
Is 97034, 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, 97034 was a Seller's Market.
Key Takeaway
97034 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97034, OR
How much do homes in 97034, OR cost?
Median Sold Price
$1,241,865
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,532(+0.2%)
Key Takeaway
The sold price of homes in 97034 has remained the same since last year.
Summary: The median home sold price in 97034 was $1,241,865 in November 2024, up 0.2% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $352K | +11.7% |
| 2 Bedrooms | $780K | $395K | -49.4% |
| 3 Bedrooms | $900K | $985K | +9.4% |
| 4 Bedrooms | $1.4M | $1.3M | -1.2% |
| 5+ Bedrooms | $2.0M | $2.0M | +1.9% |
Summary: 97034 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes decreased by 49.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 97034, OR
How many homes are available in 97034, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 130 | -11.0% |
Summary: The 97034 real estate market had 130 homes for sale in November 2024, a 11.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 65 | 59 | -9.2% |
| 5+ Bedrooms | 30 | 23 | -23.3% |
Summary: The 97034 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 23.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 18 | -40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97034, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 97034 in November 2024, down by 40.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for 97034, OR
How long does it take to sell a home in 97034, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 43 Days | +8.0% |
Summary: Homes in 97034 had an average of 43 days on market in Nov 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97034 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 97034; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.