$7,243 Closing Credit*
$609,900
1,260 SqFt
3 Beds
•1 Full Bath
Anna Martushev, Listing Office: Keller Williams Realty Portland Premiere
Is 97115, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 97115 has remained a Seller'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
$568,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,550(+5.7%)
Key Takeaway
Homes in 97115 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 97115 was $568,000 in November 2024, up 5.7% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.4M | - | N/A |
| 3 Bedrooms | $521.4K | $525K | +0.7% |
| 4 Bedrooms | $635K | $850K | +33.9% |
| 5+ Bedrooms | $707.5K | $850K | +20.1% |
Summary: 97115 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 increased by 0.7%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes increased by 20.1%.
Housing Supply in 97115, OR
How many homes are available in 97115, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The 97115 real estate market had 10 homes for sale in November 2024, a 28.6% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97115 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 decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97115, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 97115 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 7 Days | -89.3% |
Summary: Homes in 97115 had an average of 7 days on market in Nov 2024, down by 89.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 2 homes were sold in 97115; 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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