$3,669 Closing Credit*
$309,000
1,500 SqFt
2 Beds
•2 Full Baths
Richard Glass, Listing Office: Windermere Realty Trust
Is 97205, 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, 97205 has remained a Buyer's Market.
Key Takeaway
97205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97205, OR
How much do homes in 97205, OR cost?
Median Sold Price
$419,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+7.4%)
Key Takeaway
Homes in 97205 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 97205 was $419,000 in October 2024, up 7.4% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $299.5K | -4.9% |
| 2 Bedrooms | $397.9K | $419K | +5.3% |
| 3 Bedrooms | $870.7K | $830K | -4.7% |
| 4 Bedrooms | $1.3M | $1.1M | -9.5% |
| 5+ Bedrooms | $1.4M | $1.6M | +12.9% |
Summary: 97205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 97205, OR
How many homes are available in 97205, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The 97205 real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 97205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97205, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97205 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 97205, OR
How long does it take to sell a home in 97205, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 105 Days | 75 Days | -29.1% |
Summary: Homes in 97205 had an average of 75 days on market in Oct 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97205 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 97205; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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