$5,936 Closing Credit*
$499,900
2,202 SqFt
4 Beds
•2 Full Baths
Eduardo Reyes, Paola Reyes, Listing Office: John L. Scott Portland South
Is 97101, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97101 has remained a Buyer'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
$441,950
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,550(-1.7%)
Key Takeaway
Homes in 97101 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 97101 was $441,950 in October 2024, down 1.7% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $319.9K | $312K | -2.5% |
| 3 Bedrooms | $428.5K | $413.3K | -3.5% |
| 4 Bedrooms | $869.5K | $604.2K | -30.5% |
| 5+ Bedrooms | $865K | $582K | -32.7% |
Summary: 97101 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 2.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 30.5%, and 5+ bedroom homes decreased by 32.7%.
Housing Supply in 97101, OR
How many homes are available in 97101, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The 97101 real estate market had 20 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97101 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were 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, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 97101 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 8 Days | -27.3% |
Summary: Homes in 97101 had an average of 8 days on market in Oct 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97101 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 97101; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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