$5,284 Closing Credit*
$445,000
1,052 SqFt
2 Beds
•1 Full Bath
Alex Timberlake, Listing Office: The Real Estate Firm
Is 97206, 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, 97206 has remained a Seller's Market.
Key Takeaway
97206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97206, OR
How much do homes in 97206, OR cost?
Median Sold Price
$455,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,250(-4.3%)
Key Takeaway
Homes in 97206 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 97206 was $455,000 in October 2024, down 4.3% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $279.9K | -9.7% |
| 2 Bedrooms | $405K | $389.9K | -3.7% |
| 3 Bedrooms | $489.9K | $479.9K | -2.0% |
| 4 Bedrooms | $600K | $607.5K | +1.3% |
| 5+ Bedrooms | $758.5K | $665K | -12.3% |
Summary: 97206 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in 97206, OR
How many homes are available in 97206, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 233 | 254 | +9.0% |
Summary: The 97206 real estate market had 254 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 84 | 92 | +9.5% |
| 3 Bedrooms | 101 | 101 | 0.0% |
| 4 Bedrooms | 35 | 44 | +25.7% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 97206 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 79 | +154.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97206, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.
Summary: A total of 79 homes were sold or pending in 97206 in October 2024, up by 154.8% month-over-month. Of the 79 sold homes, 32% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for 97206, OR
How long does it take to sell a home in 97206, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 46 Days | +104.8% |
Summary: Homes in 97206 had an average of 46 days on market in Oct 2024, up by 104.8% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97206 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 79 homes were sold in 97206; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% 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.