$3,515 Closing Credit*
$296,000
2,390 SqFt
3 Beds
•1 Full Bath
Chris Anderson, Rebecca Babbitt, Listing Office: John L. Scott Sandy
Is 97103, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.5K | $337.5K | -23.0% |
| 2 Bedrooms | $417.5K | $434K | +4.0% |
| 3 Bedrooms | $469K | $497K | +6.0% |
| 4 Bedrooms | $555K | $544.5K | -1.9% |
| 5+ Bedrooms | $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%.
Housing Supply in 97103, OR
How many homes are available in 97103, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 97 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 9 | 11 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 47 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
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.
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