$5,023 Closing Credit*
$422,950
1,536 SqFt
2 Beds
•2 Full Baths
Megan Talalemotu, Scott Paskill, Listing Office: John L. Scott
Is 97123, 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, 97123 has remained a Seller's Market.
Key Takeaway
97123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97123, OR
How much do homes in 97123, OR cost?
Median Sold Price
$524,820
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,653(+0.9%)
Key Takeaway
Homes in 97123 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 97123 was $524,820 in October 2024, up 0.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.5K | $382.5K | +16.1% |
| 2 Bedrooms | $395K | $401.1K | +1.6% |
| 3 Bedrooms | $500K | $515K | +3.0% |
| 4 Bedrooms | $618K | $602.5K | -2.5% |
| 5+ Bedrooms | $730K | $694K | -4.9% |
Summary: 97123 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 97123, OR
How many homes are available in 97123, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 223 | 199 | -10.8% |
Summary: The 97123 real estate market had 199 homes for sale in October 2024, a 10.8% decrease 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 | 23 | 18 | -21.7% |
| 3 Bedrooms | 109 | 93 | -14.7% |
| 4 Bedrooms | 74 | 69 | -6.8% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 97123 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 decreased by 21.7%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97123, expect to pay close to the asking price. 36.5% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in 97123 in October 2024, up by 8.3% month-over-month. Of the 52 sold homes, 33% were sold under asking, 37% were sold at asking, and 31% were sold over asking.
Days on Market for 97123, OR
How long does it take to sell a home in 97123, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 36 Days | -48.7% |
Summary: Homes in 97123 had an average of 36 days on market in Oct 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97123 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in 97123; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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