$2,601 Closing Credit*
$219,000
467 SqFt
Studio
•1 Full Bath
David Denney, Cherie Corthell, Listing Office: eXp Realty, LLC
Is 97201, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97201 was a Seller's Market.
Key Takeaway
97201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97201, OR
How much do homes in 97201, OR cost?
Median Sold Price
$547,300
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,300(+14.0%)
Key Takeaway
Homes in 97201 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 97201 was $547,300 in October 2024, up 14% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $253.2K | -2.6% |
| 2 Bedrooms | $400K | $440K | +10.0% |
| 3 Bedrooms | $792K | $810K | +2.3% |
| 4 Bedrooms | $1.1M | $1.0M | -5.3% |
| 5+ Bedrooms | $962.7K | $1.1M | +16.8% |
Summary: 97201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in 97201, OR
How many homes are available in 97201, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 151 | 157 | +4.0% |
Summary: The 97201 real estate market had 157 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 37 | +2.8% |
| 2 Bedrooms | 48 | 51 | +6.3% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 97201 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97201, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 97201 in October 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for 97201, OR
How long does it take to sell a home in 97201, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 85 Days | +28.0% |
Summary: Homes in 97201 had an average of 85 days on market in Oct 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97201 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in 97201; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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