$9,666 Closing Credit*
$814,000
1,600 SqFt
2 Beds
•2 Full Baths
Joy Dale, Listing Office: Knipe Realty ERA Powered
Is 97123, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$523,916
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$1,080(-0.2%)
Key Takeaway
The sold price of homes in 97123 has remained the same since last year.
Summary: The median home sold price in 97123 was $523,916 in December 2024, down 0.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $365K | -8.8% |
| 2 Bedrooms | $397.9K | $402.3K | +1.1% |
| 3 Bedrooms | $500.8K | $515K | +2.8% |
| 4 Bedrooms | $618K | $595K | -3.7% |
| 5+ Bedrooms | $730K | $685K | -6.2% |
Summary: 97123 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in 97123, OR
How many homes are available in 97123, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 163 | 138 | -15.3% |
Summary: The 97123 real estate market had 138 homes for sale in December 2024, a 15.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 76 | 64 | -15.8% |
| 4 Bedrooms | 58 | 48 | -17.2% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 97123 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97123, expect to pay close to the asking price. 47.5% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in 97123 in December 2024, down by 2.4% month-over-month. Of the 40 sold homes, 28% were sold under asking, 48% were sold at asking, and 25% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 75 Days | +161.1% |
Summary: Homes in 97123 had an average of 75 days on market in Dec 2024, up by 161.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
14 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 December 2024, 40 homes were sold in 97123; 43% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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