Is 97201, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97201 is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $260K$253.2K
-2.6%
2 $400K$440K
+10.0%
3 $792K$810K
+2.3%
4 $1.1M$1.0M
-5.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97201
+14.0%
97205
+7.4%
97239
-3.6%

Housing Supply in 97201, OR

How many homes are available in 97201, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
151157+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

# BEDSSep 2024Oct 2024CHANGE
1 3637
+2.8%
2 4851
+6.3%
3 4041
+2.5%
4 1516
+6.7%
5+ 1212
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 2024Oct 2024CHANGE
10100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
67 Days85 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 97201, OR

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