Is 97103, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97103 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97103 has remained a Seller's Market.

Key Takeaway

97103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97103, OR

How much do homes in 97103, OR cost?

Median Sold Price

$487,750

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,750(+2.7%)

Key Takeaway

Homes in 97103 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 97103 was $487,750 in October 2024, up 2.7% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $438.5K$337.5K
-23.0%
2 $417.5K$434K
+4.0%
3 $469K$497K
+6.0%
4 $555K$544.5K
-1.9%
5+ $569.9K$713.5K
+25.2%

Summary: 97103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 25.2%.

Median Sold Price Compared To Nearby Zip Codes

97103
+2.7%
97138
-2.9%
97146
-6.2%
97016
-8.1%

Housing Supply in 97103, OR

How many homes are available in 97103, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9397+4.3%

Summary: The 97103 real estate market had 97 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1720
+17.6%
3 4641
-10.9%
4 1923
+21.1%
5+ 911
+22.2%

Summary: The 97103 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 increased by 17.6%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97103, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 97103 in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
46 Days47 Days+2.7%

Summary: Homes in 97103 had an average of 47 days on market in Oct 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97103 has remained consistent over time.

Summary: During October 2024, 17 homes were sold in 97103; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% 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 97103, OR

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