$6,709 Closing Credit*
$565,000
1,705 SqFt
3 Beds
•2 Full Baths
LaReina Kyle, Listing Office: MORE Realty
Is 97140, 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, 97140 has remained a Seller's Market.
Key Takeaway
97140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97140, OR
How much do homes in 97140, OR cost?
Median Sold Price
$674,577
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,752(+3.2%)
Key Takeaway
Homes in 97140 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 97140 was $674,577 in October 2024, up 3.2% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.2K | $260K | -5.5% |
| 2 Bedrooms | $385K | $339K | -11.9% |
| 3 Bedrooms | $550K | $564K | +2.5% |
| 4 Bedrooms | $755K | $714.9K | -5.3% |
| 5+ Bedrooms | $948K | $818.4K | -13.7% |
Summary: 97140 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in 97140, OR
How many homes are available in 97140, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 165 | -0.6% |
Summary: The 97140 real estate market had 165 homes for sale in October 2024, a 0.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 51 | 49 | -3.9% |
| 4 Bedrooms | 69 | 68 | -1.4% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The 97140 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97140, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 97140 in October 2024, down by 3.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for 97140, OR
How long does it take to sell a home in 97140, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 58 Days | +68.0% |
Summary: Homes in 97140 had an average of 58 days on market in Oct 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97140 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 97140; 53% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.