$6,876 Closing Credit*
$579,000
2,444 SqFt
3 Beds
•1 Full Bath
Nathan Austin, Listing Office: ELEETE Real Estate
Is 97215, 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, 97215 has remained a Seller's Market.
Key Takeaway
97215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97215, OR
How much do homes in 97215, OR cost?
Median Sold Price
$625,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,000(-3.5%)
Key Takeaway
Homes in 97215 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 97215 was $625,000 in November 2024, down 3.5% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $330.7K | +8.4% |
| 2 Bedrooms | $512.4K | $456.2K | -11.0% |
| 3 Bedrooms | $647.4K | $686.2K | +6.0% |
| 4 Bedrooms | $786.5K | $755K | -4.0% |
| 5+ Bedrooms | $884.2K | $1.1M | +28.4% |
Summary: 97215 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in 97215, OR
How many homes are available in 97215, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 54 | -18.2% |
Summary: The 97215 real estate market had 54 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 18 | 12 | -33.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 97215 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 13 | -48.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97215, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 97215 in November 2024, down by 48.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 97215, OR
How long does it take to sell a home in 97215, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +89.8% |
Summary: Homes in 97215 had an average of 32 days on market in Nov 2024, up by 89.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97215 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 97215; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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