$10,000 Closing Credit*
$2,295,000
8,334 SqFt
Tom Ramsey, Listing Office: John L Scott Portland SW
Is 97214, 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, 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
$699,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,500(+2.1%)
Key Takeaway
Homes in 97214 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 97214 was $699,500 in November 2024, up 2.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $334K | +9.5% |
| 2 Bedrooms | $495K | $492K | -0.6% |
| 3 Bedrooms | $688.5K | $732.5K | +6.4% |
| 4 Bedrooms | $830K | $800K | -3.6% |
| 5+ Bedrooms | $895K | $926.2K | +3.5% |
Summary: 97214 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 97214, OR
How many homes are available in 97214, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 59 | -6.3% |
Summary: The 97214 real estate market had 59 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 97214 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 97214 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 19 Days | -57.2% |
Summary: Homes in 97214 had an average of 19 days on market in Nov 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97214 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 97214; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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