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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97210 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97210 has remained a Seller's Market.

Key Takeaway

97210 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97210, OR

How much do homes in 97210, OR cost?

Median Sold Price

$725,000

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$45,000(-5.8%)

Key Takeaway

Homes in 97210 have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in 97210 was $725,000 in October 2024, down 5.8% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $333.7K$295K
-11.6%
2 $517.5K$585K
+13.0%
3 $870K$849.5K
-2.4%
4 $1.3M$1.1M
-14.2%
5+ $1.3M$1.5M
+18.9%

Summary: 97210 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Zip Codes

97205
+7.4%
97227
+1.8%
97209
0.0%
97221
-0.6%
97210
-5.8%

Housing Supply in 97210, OR

How many homes are available in 97210, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1001000.0%

Summary: The 97210 real estate market had 100 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2222
0.0%
2 3229
-9.4%
3 1920
+5.3%
4 1718
+5.9%
5+ 1011
+10.0%

Summary: The 97210 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
817+112.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 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. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 97210 in October 2024, up by 112.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
25 Days52 Days+106.3%

Summary: Homes in 97210 had an average of 52 days on market in Oct 2024, up by 106.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 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 October 2024, 17 homes were sold in 97210; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% 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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