Is 97210, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97210 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 97210 has remained a Neutral Market.

Key Takeaway

97210 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 97210, OR

How much do homes in 97210, OR cost?

Median Sold Price

$725,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$47,500(-6.1%)

Key Takeaway

Homes in 97210 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 97210 was $725,000 in November 2024, down 6.1% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$295K
-9.2%
2 $558.5K$612.5K
+9.7%
3 $862.5K$910.6K
+5.6%
4 $1.2M$1.1M
-4.3%
5+ $1.3M$1.5M
+18.9%

Summary: 97210 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Zip Codes

97227
+3.0%
97209
-0.5%
97205
-0.6%
97221
-1.4%
97210
-6.1%

Housing Supply in 97210, OR

How many homes are available in 97210, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9685-11.5%

Summary: The 97210 real estate market had 85 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2118
-14.3%
2 3125
-19.4%
3 1718
+5.9%
4 1712
-29.4%
5+ 1012
+20.0%

Summary: The 97210 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97210, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 97210 in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for 97210, OR

How long does it take to sell a home in 97210, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days61 Days+24.2%

Summary: Homes in 97210 had an average of 61 days on market in Nov 2024, up by 24.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97210 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 97210; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% 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

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