$8,253 Closing Credit*
$695,000
2,037 SqFt
4 Beds
•2 Full Baths
Tammy Gibson, Listing Office: Coldwell Banker Professional
Is 97038, 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, 97038 was a Buyer's Market.
Key Takeaway
97038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97038, OR
How much do homes in 97038, OR cost?
Median Sold Price
$482,500
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,600(+4.9%)
Key Takeaway
Homes in 97038 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 97038 was $482,500 in November 2024, up 4.9% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $369.9K | +1.4% |
| 3 Bedrooms | $455K | $460K | +1.1% |
| 4 Bedrooms | $490K | $512K | +4.5% |
| 5+ Bedrooms | $985.7K | $559.9K | -43.2% |
Summary: 97038 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 1.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 43.2%.
Median Sold Price Compared To Nearby Zip Codes
| 97362 | $480.6K | $506.4K | +5.3% |
| 97038 | $459.9K | $482.5K | +4.9% |
| 97017 | $647.5K | $627.5K | -3.1% |
Housing Supply in 97038, OR
How many homes are available in 97038, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The 97038 real estate market had 42 homes for sale in November 2024, a 2.3% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 97038 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 33.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97038, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 97038 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for 97038, OR
How long does it take to sell a home in 97038, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 76 Days | +52.0% |
Summary: Homes in 97038 had an average of 76 days on market in Nov 2024, up by 52% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97038 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 97038; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.