Is 97111, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97111 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 97111 was a Seller's Market.

Key Takeaway

97111 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 97111, OR

How much do homes in 97111, OR cost?

Median Sold Price

$572,500

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$72,600(+14.5%)

Key Takeaway

Homes in 97111 have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in 97111 was $572,500 in October 2024, up 14.5% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $389K$260K
-33.2%
3 $450K$550K
+22.2%
4 $570K$599.9K
+5.2%
5+ $677.5K$723.5K
+6.8%

Summary: 97111 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 33.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

97111
+14.5%
97128
+1.7%
97148
-19.8%

Housing Supply in 97111, OR

How many homes are available in 97111, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The 97111 real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 1110
-9.1%
4 43
-25.0%
5+ 33
0.0%

Summary: The 97111 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97111, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 97111 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 97111, OR

How long does it take to sell a home in 97111, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days68 Days-6.2%

Summary: Homes in 97111 had an average of 68 days on market in Oct 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97111 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 97111; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in 97111, OR

Nearby Markets to 97111, OR