$6,827 Closing Credit*
$574,900
2,020 SqFt
3 Beds
•2 Full Baths
Teri Steneck, Listing Office: Valley Realty
Is 97115, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 97115 was a Buyer's Market.
Key Takeaway
97115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97115, OR
How much do homes in 97115, OR cost?
Median Sold Price
$480,000
$305/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$30,000(-5.9%)
Key Takeaway
Homes in 97115 have sold for 5.9% less than they did a month ago.
Summary: The median home sold price in 97115 was $480,000 in October 2024, down 5.9% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $510K | $521.8K | +2.3% |
| 4 Bedrooms | - | $459.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 97115 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 increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 97115, OR
How many homes are available in 97115, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The 97115 real estate market had 16 homes for sale in October 2024, a 6.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97115 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 decreased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97115, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 97115 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97115, OR
How long does it take to sell a home in 97115, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 20 Days | -67.2% |
Summary: Homes in 97115 had an average of 20 days on market in Oct 2024, down by 67.2% compared to last month.
Breakdown of Home Sale Times
2 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 97115 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 97115; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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