$10,000 Closing Credit*
$995,000
3,120 SqFt
5 Beds
•3 Full Baths
Tom Ramsey, Listing Office: John L Scott Portland SW
Is 97035, 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, 97035 was a Seller's Market.
Key Takeaway
97035 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 97035, OR
How much do homes in 97035, OR cost?
Median Sold Price
$775,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,250(+4.9%)
Key Takeaway
Homes in 97035 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 97035 was $775,000 in October 2024, up 4.9% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.6K | $219.4K | -4.8% |
| 2 Bedrooms | $380K | $327.2K | -13.9% |
| 3 Bedrooms | $677.5K | $712K | +5.1% |
| 4 Bedrooms | $1.0M | $1.1M | +13.6% |
| 5+ Bedrooms | $1.2M | $1.3M | +10.2% |
Summary: 97035 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 97035, OR
How many homes are available in 97035, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 164 | +7.9% |
Summary: The 97035 real estate market had 164 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 37 | 36 | -2.7% |
| 3 Bedrooms | 52 | 58 | +11.5% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 97035 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97035, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 97035 in October 2024, down by 3.6% month-over-month. Of the 27 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for 97035, OR
How long does it take to sell a home in 97035, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +8.4% |
Summary: Homes in 97035 had an average of 42 days on market in Oct 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97035 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 97035; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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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.