$10,000 Closing Credit*
$899,000
5,248 SqFt
24 Beds
•4 Full Baths
Barbara Covert, Listing Office: RE/MAX Equity Group
Is 97206, 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, 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
$450,166
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,083(-5.3%)
Key Takeaway
Homes in 97206 have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in 97206 was $450,166 in November 2024, down 5.3% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $279.9K | -15.2% |
| 2 Bedrooms | $403.5K | $393K | -2.6% |
| 3 Bedrooms | $490.3K | $479.4K | -2.2% |
| 4 Bedrooms | $599.5K | $615K | +2.6% |
| 5+ Bedrooms | $787K | $657.5K | -16.5% |
Summary: 97206 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 97206, OR
How many homes are available in 97206, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 204 | -18.7% |
Summary: The 97206 real estate market had 204 homes for sale in November 2024, a 18.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 89 | 85 | -4.5% |
| 3 Bedrooms | 101 | 66 | -34.7% |
| 4 Bedrooms | 45 | 39 | -13.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 97206 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 34.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 57 | -26.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97206, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in 97206 in November 2024, down by 26.9% month-over-month. Of the 57 sold homes, 30% were sold under asking, 28% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 37 Days | +50.9% |
Summary: Homes in 97206 had an average of 37 days on market in Nov 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 57 homes were sold in 97206; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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