$289,000
Land
Brenda Giddings, Listing Office: Sand + Cedar Realty
Is 97112, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 97112 was a Seller's Market.
Key Takeaway
97112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97112, OR
How much do homes in 97112, OR cost?
Median Sold Price
$540,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,000(+4.9%)
Key Takeaway
Homes in 97112 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 97112 was $540,000 in December 2024, up 4.9% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369K | $404.4K | +9.6% |
| 3 Bedrooms | $594K | $476.2K | -19.8% |
| 4 Bedrooms | $720K | $1.0M | +43.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 97112 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes did not change.
Housing Supply in 97112, OR
How many homes are available in 97112, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 97112 real estate market had 14 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97112 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97112, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97112 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97112, OR
How long does it take to sell a home in 97112, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 58 Days | 80 Days | +37.9% |
Summary: Homes in 97112 had an average of 80 days on market in Dec 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97112 has remained consistent over time.
Summary: During December 2024, 1 homes were sold in 97112; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.