Is 97045, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97045 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97045 has remained a Seller's Market.

Key Takeaway

97045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97045, OR

How much do homes in 97045, OR cost?

Median Sold Price

$599,666

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,333(+2.6%)

Key Takeaway

Homes in 97045 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 97045 was $599,666 in October 2024, up 2.6% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $335K-
N/A
2 $428K$425K
-0.7%
3 $538.5K$565K
+4.9%
4 $665K$658.7K
-0.9%
5+ $760.5K$741.2K
-2.5%

Summary: 97045 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 decreased by 0.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

97027
+6.7%
97004
+3.1%
97045
+2.6%
97015
-0.9%

Housing Supply in 97045, OR

How many homes are available in 97045, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
209202-3.3%

Summary: The 97045 real estate market had 202 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1410
-28.6%
3 10192
-8.9%
4 7579
+5.3%
5+ 1920
+5.3%

Summary: The 97045 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3748+29.7%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97045, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 97045 in October 2024, up by 29.7% month-over-month. Of the 48 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for 97045, OR

How long does it take to sell a home in 97045, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days50 Days-5.4%

Summary: Homes in 97045 had an average of 50 days on market in Oct 2024, down by 5.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97045 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 97045; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 97045, OR

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