$10,000 Closing Credit*
$875,000
2,340 SqFt
2 Beds
•2 Full Baths
Paul Terjeson, Steve Helms, Listing Office: Keller Williams Realty Mid-Willamette
Is 97114, 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, 97114 was a Seller's Market.
Key Takeaway
97114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97114, OR
How much do homes in 97114, OR cost?
Median Sold Price
$495,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.0%)
Key Takeaway
Homes in 97114 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 97114 was $495,000 in November 2024, up 1% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $444K | - | N/A |
| 3 Bedrooms | $470K | $455K | -3.2% |
| 4 Bedrooms | $500K | $539K | +7.8% |
| 5+ Bedrooms | $899K | $1.4M | +60.5% |
Summary: 97114 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 did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 60.5%.
Median Sold Price Compared To Nearby Zip Codes
| 97115 | $537.4K | $568K | +5.7% |
| 97127 | $452.4K | $474.5K | +4.9% |
| 97114 | $490K | $495K | +1.0% |
Housing Supply in 97114, OR
How many homes are available in 97114, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The 97114 real estate market had 15 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97114 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 28.6%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97114, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 97114 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -20.6% |
Summary: Homes in 97114 had an average of 25 days on market in Nov 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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 November 2024, 1 homes were sold in 97114; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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