$849,900
Land
Nathan Stancil, Listing Office: Real Broker
Is 97203, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 97203 has remained a Seller's Market.
Key Takeaway
97203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97203, OR
How much do homes in 97203, OR cost?
Median Sold Price
$449,950
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$814(+0.2%)
Key Takeaway
The sold price of homes in 97203 has remained the same since last year.
Summary: The median home sold price in 97203 was $449,950 in November 2024, up 0.2% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $349K | +26.0% |
| 2 Bedrooms | $390K | $356K | -8.7% |
| 3 Bedrooms | $470K | $464.2K | -1.2% |
| 4 Bedrooms | $575K | $575K | 0.0% |
| 5+ Bedrooms | $674K | $799.5K | +18.6% |
Summary: 97203 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 18.6%.
Housing Supply in 97203, OR
How many homes are available in 97203, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 184 | 163 | -11.4% |
Summary: The 97203 real estate market had 163 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 66 | 61 | -7.6% |
| 3 Bedrooms | 79 | 67 | -15.2% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The 97203 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 46 | +24.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97203, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 97203 in November 2024, up by 24.3% month-over-month. Of the 46 sold homes, 46% were sold under asking, 13% were sold at asking, and 41% were sold over asking.
Days on Market for 97203, OR
How long does it take to sell a home in 97203, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 51 Days | +29.6% |
Summary: Homes in 97203 had an average of 51 days on market in Nov 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97203 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 46 homes were sold in 97203; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% 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.