Is 97206, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97206 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $310K$279.9K
-9.7%
2 $405K$389.9K
-3.7%
3 $489.9K$479.9K
-2.0%
4 $600K$607.5K
+1.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97266
+1.9%
97222
+0.6%
97215
-3.3%
97202
-4.1%
97206
-4.3%

Housing Supply in 97206, OR

How many homes are available in 97206, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
233254+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

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 8492
+9.5%
3 101101
0.0%
4 3544
+25.7%
5+ 1114
+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 2024Oct 2024CHANGE
3179+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
22 Days46 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 97206, OR

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