$6,116 Closing Credit*
$515,000
1,212 SqFt
2 Beds
•2 Full Baths
Adam Kaplan, Listing Office: Branch Real Estate
Is 97202, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $334.9K | $376K | +12.3% |
| 2 Bedrooms | $483K | $435K | -9.9% |
| 3 Bedrooms | $670K | $630K | -6.0% |
| 4 Bedrooms | $749.9K | $847.6K | +13.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 97202, OR
How many homes are available in 97202, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 174 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 48 | 42 | -12.5% |
| 3 Bedrooms | 65 | 67 | +3.1% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 19 | 24 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 51 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
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.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.