$7,113 Closing Credit*
$599,000
2,718 SqFt
3 Beds
•3 Full Baths
Leigh Mortlock, Listing Office: eXp Realty LLC
Is 97103, 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, 97103 was a Seller's Market.
Key Takeaway
97103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97103, OR
How much do homes in 97103, OR cost?
Median Sold Price
$495,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+7.7%)
Key Takeaway
Homes in 97103 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 97103 was $495,000 in November 2024, up 7.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357K | $337.5K | -5.5% |
| 2 Bedrooms | $420K | $430K | +2.4% |
| 3 Bedrooms | $459K | $522.1K | +13.7% |
| 4 Bedrooms | $537K | $555K | +3.4% |
| 5+ Bedrooms | $557.5K | $713.5K | +28.0% |
Summary: 97103 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 28%.
Housing Supply in 97103, OR
How many homes are available in 97103, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 83 | -9.8% |
Summary: The 97103 real estate market had 83 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 43 | 38 | -11.6% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 97103 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 7 | -61.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97103, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 97103 in November 2024, down by 61.1% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 97103, OR
How long does it take to sell a home in 97103, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -1.7% |
Summary: Homes in 97103 had an average of 30 days on market in Nov 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97103 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 97103; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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