$10,000 Closing Credit*
$1,200,000
3,450 SqFt
Greg Messick, Listing Office: RealtyNET, LLC
Is 97214, 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, 97214 has remained a Seller's Market.
Key Takeaway
97214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97214, OR
How much do homes in 97214, OR cost?
Median Sold Price
$688,650
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,215(+1.2%)
Key Takeaway
Homes in 97214 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 97214 was $688,650 in October 2024, up 1.2% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $330K | -2.9% |
| 2 Bedrooms | $513.8K | $497K | -3.3% |
| 3 Bedrooms | $688.2K | $710K | +3.2% |
| 4 Bedrooms | $841.2K | $800K | -4.9% |
| 5+ Bedrooms | $917.5K | $926.2K | +1.0% |
Summary: 97214 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 1%.
Housing Supply in 97214, OR
How many homes are available in 97214, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 67 | +9.8% |
Summary: The 97214 real estate market had 67 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 97214 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 5.6%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97214, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 97214 in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 97214, OR
How long does it take to sell a home in 97214, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +12.5% |
Summary: Homes in 97214 had an average of 27 days on market in Oct 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97214 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 97214; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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