$349,900
2.66 Acres
Land
Kristi Masterson, Dan Masterson, Listing Office: Premiere Property Group, LLC
Is 97114, 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, 97114 has remained a Seller's Market.
Key Takeaway
97114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97114, OR
How much do homes in 97114, OR cost?
Median Sold Price
$505,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.1%)
Key Takeaway
Homes in 97114 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 97114 was $505,000 in October 2024, up 4.1% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485K | $403K | -16.9% |
| 3 Bedrooms | $466K | $458K | -1.7% |
| 4 Bedrooms | $490K | $539K | +10.0% |
| 5+ Bedrooms | $909.5K | $524.9K | -42.3% |
Summary: 97114 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 16.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 42.3%.
Housing Supply in 97114, OR
How many homes are available in 97114, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The 97114 real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97114 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97114, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 97114 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for 97114, OR
How long does it take to sell a home in 97114, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 38 Days | +105.4% |
Summary: Homes in 97114 had an average of 38 days on market in Oct 2024, up by 105.4% compared to last year.
Breakdown of Home Sale Times
3 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 97114 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 97114; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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