$7,718 Closing Credit*
$649,900
2,399 SqFt
5 Beds
•2 Full Baths
Melissa Siciliano, Listing Office: eXp Realty, LLC
Is 97111, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389K | $260K | -33.2% |
| 3 Bedrooms | $450K | $550K | +22.2% |
| 4 Bedrooms | $570K | $599.9K | +5.2% |
| 5+ Bedrooms | $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 | $499.9K | $572.5K | +14.5% |
| 97128 | $478.6K | $486.9K | +1.7% |
| 97148 | $733.7K | $588.5K | -19.8% |
Housing Supply in 97111, OR
How many homes are available in 97111, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 68 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
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.
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