$8,016 Closing Credit*
$675,000
1,854 SqFt
2 Beds
•2 Full Baths
Valerie Schumann, Listing Office: Berkshire Hathaway HomeService Northwest Real Estate
Is 97118, 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, 97118 was a Seller's Market.
Key Takeaway
97118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97118, OR
How much do homes in 97118, OR cost?
Median Sold Price
$420,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-2.3%)
Key Takeaway
Homes in 97118 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 97118 was $420,000 in November 2024, down 2.3% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $315K | 0.0% |
| 2 Bedrooms | $270K | $390K | +44.4% |
| 3 Bedrooms | $492K | $433.5K | -11.9% |
| 4 Bedrooms | $355K | $637.5K | +79.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 97118 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 increased by 44.4%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 79.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97118 | $430K | $420K | -2.3% |
| 97136 | $572.5K | $477.5K | -16.6% |
Housing Supply in 97118, OR
How many homes are available in 97118, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The 97118 real estate market had 13 homes for sale in November 2024, a 18.2% increase 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 | 4 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97118 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97118, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97118 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97118, OR
How long does it take to sell a home in 97118, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 161 Days | +242.6% |
Summary: Homes in 97118 had an average of 161 days on market in Nov 2024, up by 242.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 97118 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 97118; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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