$5,936 Closing Credit*
$499,900
1,658 SqFt
4 Beds
•2 Full Baths
Michael Wiltshire, Listing Office: Berkshire Hathaway HomeServices NW Real Estate
Is 97111, 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, 97111 was a Neutral Market.
Key Takeaway
97111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97111, OR
How much do homes in 97111, OR cost?
Median Sold Price
$560,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+12.0%)
Key Takeaway
Homes in 97111 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 97111 was $560,000 in November 2024, up 12% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.9K | N/A |
| 2 Bedrooms | $389K | $315K | -19.0% |
| 3 Bedrooms | $462.5K | $534.9K | +15.7% |
| 4 Bedrooms | $575K | $599.9K | +4.3% |
| 5+ Bedrooms | $677.5K | $723.5K | +6.8% |
Summary: 97111 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 97111, OR
How many homes are available in 97111, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The 97111 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97111 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97111, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97111 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +6.2% |
Summary: Homes in 97111 had an average of 35 days on market in Nov 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97111 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 97111; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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