$5,105 Closing Credit*
$429,900
1,193 SqFt
3 Beds
•1 Full Bath
Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
Is 97101, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 97101 was a Seller's Market.
Key Takeaway
97101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97101, OR
How much do homes in 97101, OR cost?
Median Sold Price
$510,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$58,250(+12.9%)
Key Takeaway
Homes in 97101 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 97101 was $510,000 in December 2024, up 12.9% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $527K | $312K | -40.8% |
| 3 Bedrooms | $442K | $441.9K | 0% |
| 4 Bedrooms | $869.5K | $792.5K | -8.9% |
| 5+ Bedrooms | $865K | $582K | -32.7% |
Summary: 97101 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Zip Codes
| 97101 | $451.7K | $510K | +12.9% |
| 97128 | $476K | $491.3K | +3.2% |
Housing Supply in 97101, OR
How many homes are available in 97101, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The 97101 real estate market had 20 homes for sale in December 2024, a 17.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97101 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97101, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97101 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 97101, OR
How long does it take to sell a home in 97101, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 88 Days | +93.8% |
Summary: Homes in 97101 had an average of 88 days on market in Dec 2024, up by 93.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97101 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 97101; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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