$5,759 Closing Credit*
$485,000
1,152 SqFt
2 Beds
•2 Full Baths
Marlon Bump, Listing Office: Century 21 North Homes Realty
Is 97201, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$541,150
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$81,150(+17.6%)
Key Takeaway
Homes in 97201 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 97201 was $541,150 in November 2024, up 17.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $251.2K | -3.3% |
| 2 Bedrooms | $400K | $445K | +11.3% |
| 3 Bedrooms | $793.5K | $759K | -4.3% |
| 4 Bedrooms | $1.1M | $1.1M | -3.1% |
| 5+ Bedrooms | $955.6K | $1.1M | +17.7% |
Summary: 97201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 97201, OR
How many homes are available in 97201, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 139 | -2.1% |
Summary: The 97201 real estate market had 139 homes for sale in November 2024, a 2.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 37 | +12.1% |
| 2 Bedrooms | 47 | 46 | -2.1% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 97201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was 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. 92.3% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 97201 in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 92% were sold under asking, 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 225 Days | +536.8% |
Summary: Homes in 97201 had an average of 225 days on market in Nov 2024, up by 536.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
10 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 November 2024, 13 homes were sold in 97201; 23% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 77% 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.