$6,638 Closing Credit*
$559,000
2,084 SqFt
4 Beds
•2 Full Baths
Eduardo Chanez, Listing Office: All Professionals Real Estate
Is 97113, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97113 has remained a Seller's Market.
Key Takeaway
97113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97113, OR
How much do homes in 97113, OR cost?
Median Sold Price
$515,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,151(+7.3%)
Key Takeaway
Homes in 97113 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 97113 was $515,000 in October 2024, up 7.3% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.1K | $413K | +9.5% |
| 3 Bedrooms | $472K | $489K | +3.6% |
| 4 Bedrooms | $588.9K | $564.9K | -4.1% |
| 5+ Bedrooms | $640K | $602.4K | -5.9% |
Summary: 97113 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 increased by 9.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 97113, OR
How many homes are available in 97113, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The 97113 real estate market had 30 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97113 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 remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97113, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 97113 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -26.4% |
Summary: Homes in 97113 had an average of 17 days on market in Oct 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 6 homes were sold in 97113; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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