Is 97112, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97112 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 97112 was a Buyer's Market.

Key Takeaway

97112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97112, OR

How much do homes in 97112, OR cost?

Median Sold Price

$410,749

$248/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$494,250(-54.6%)

Key Takeaway

Homes in 97112 have sold for 54.6% less than they did a month ago.

Summary: The median home sold price in 97112 was $410,749 in October 2024, down 54.6% from last month, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$409K
N/A
3 -$412.4K
N/A
4 $905K-
N/A
5+ --
N/A

Summary: 97112 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

97135
-24.9%
97112
-54.6%

Housing Supply in 97112, OR

How many homes are available in 97112, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2223+4.5%

Summary: The 97112 real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 88
0.0%
4 88
0.0%
5+ 00
0.0%

Summary: The 97112 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 4 homes were sold or pending in 97112 in October 2024, up by 300.0% month-over-month. Of the 4 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

Sep 2024Oct 2024CHANGE
12 Days85 Days+608.3%

Summary: Homes in 97112 had an average of 85 days on market in Oct 2024, up by 608.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97112 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 97112; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in 97112, OR

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