Is 97202, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97202 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97202 has remained a Seller's Market.

Key Takeaway

97202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97202, OR

How much do homes in 97202, OR cost?

Median Sold Price

$610,000

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,350(-4.1%)

Key Takeaway

Homes in 97202 have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in 97202 was $610,000 in October 2024, down 4.1% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $334.9K$376K
+12.3%
2 $483K$435K
-9.9%
3 $670K$630K
-6.0%
4 $749.9K$847.6K
+13.0%
5+ $900.4K$1.0M
+11.1%

Summary: 97202 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

97201
+14.0%
97214
+1.2%
97239
-3.6%
97202
-4.1%
97206
-4.3%

Housing Supply in 97202, OR

How many homes are available in 97202, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165174+5.5%

Summary: The 97202 real estate market had 174 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 4842
-12.5%
3 6567
+3.1%
4 3036
+20.0%
5+ 1924
+26.3%

Summary: The 97202 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 26.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3039+30.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97202, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 97202 in October 2024, up by 30.0% month-over-month. Of the 39 sold homes, 38% were sold under asking, 13% were sold at asking, and 49% were sold over asking.

Days on Market for 97202, OR

How long does it take to sell a home in 97202, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days51 Days+252.3%

Summary: Homes in 97202 had an average of 51 days on market in Oct 2024, up by 252.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97202 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 97202; 51% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in 97202, OR

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