$10,000 Closing Credit*
$1,175,000
3,236 SqFt
5 Beds
•3 Full Baths
Randy Willner, Lorrie Willner, Listing Office: Willner Properties LLC
Is 97106, 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, 97106 has remained a Seller's Market.
Key Takeaway
97106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97106, OR
How much do homes in 97106, OR cost?
Median Sold Price
$560,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,000(-11.8%)
Key Takeaway
Homes in 97106 have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in 97106 was $560,000 in October 2024, down 11.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $647.9K | - | N/A |
| 2 Bedrooms | $749K | $569K | -24.0% |
| 3 Bedrooms | $479.9K | $502.5K | +4.7% |
| 4 Bedrooms | $715K | $560K | -21.7% |
| 5+ Bedrooms | $750K | $1.0M | +39.7% |
Summary: 97106 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 24%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 39.7%.
Housing Supply in 97106, OR
How many homes are available in 97106, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The 97106 real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 97106 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 increased by 57.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97106, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97106 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 97106, OR
How long does it take to sell a home in 97106, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +88.0% |
Summary: Homes in 97106 had an average of 44 days on market in Oct 2024, up by 88% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97106 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 97106; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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