$5,522 Closing Credit*
$465,000
1,256 SqFt
3 Beds
•1 Full Bath
Heather Bonney, Listing Office: MORE Realty
Is 97113, 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, 97113 was a Seller's Market.
Key Takeaway
97113 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 97113, OR
How much do homes in 97113, OR cost?
Median Sold Price
$515,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,520(+7.4%)
Key Takeaway
Homes in 97113 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 97113 was $515,000 in November 2024, up 7.4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $380.3K | $420K | +10.4% |
| 3 Bedrooms | $474.4K | $489K | +3.1% |
| 4 Bedrooms | $580K | $564.9K | -2.6% |
| 5+ Bedrooms | $645K | $602.4K | -6.6% |
Summary: 97113 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 increased by 10.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 97113, OR
How many homes are available in 97113, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The 97113 real estate market had 27 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97113 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 remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97113, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 97113 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 97113, OR
How long does it take to sell a home in 97113, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 96 Days | 30 Days | -68.5% |
Summary: Homes in 97113 had an average of 30 days on market in Nov 2024, down by 68.5% 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 97113 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 97113; 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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