$10,000 Closing Credit*
$1,195,000
3,645 SqFt
5 Beds
•4 Full Baths
Dale Chaney, Listing Office: John L. Scott Portland South
Is 97086, 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, 97086 was a Seller's Market.
Key Takeaway
97086 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 97086, OR
How much do homes in 97086, OR cost?
Median Sold Price
$664,178
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,178(+0.6%)
Key Takeaway
Homes in 97086 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 97086 was $664,178 in October 2024, up 0.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.4K | $279K | +43.5% |
| 2 Bedrooms | $399.9K | $349.9K | -12.5% |
| 3 Bedrooms | $555.9K | $574.2K | +3.3% |
| 4 Bedrooms | $720K | $724.9K | +0.7% |
| 5+ Bedrooms | $875K | $830K | -5.1% |
Summary: 97086 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.5%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 97086, OR
How many homes are available in 97086, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 201 | -1.5% |
Summary: The 97086 real estate market had 201 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 72 | 71 | -1.4% |
| 4 Bedrooms | 85 | 81 | -4.7% |
| 5+ Bedrooms | 37 | 43 | +16.2% |
Summary: The 97086 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 decreased by 44.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97086, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 97086 in October 2024, down by 5.7% month-over-month. Of the 33 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 97086, OR
How long does it take to sell a home in 97086, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 70 Days | -0.2% |
Summary: Homes in 97086 had an average of 70 days on market in Oct 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97086 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 97086; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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