$4,619 Closing Credit*
$389,000
1,694 SqFt
4 Beds
•1 Full Bath
Derrick Emmert, Listing Office: White Star Realty, Inc
Is 97218, 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, 97218 has remained a Seller's Market.
Key Takeaway
97218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97218, OR
How much do homes in 97218, OR cost?
Median Sold Price
$472,245
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,755(-0.6%)
Key Takeaway
Homes in 97218 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 97218 was $472,245 in November 2024, down 0.6% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327.5K | $264.9K | -19.1% |
| 2 Bedrooms | $422.5K | $357K | -15.5% |
| 3 Bedrooms | $494.9K | $493.7K | -0.2% |
| 4 Bedrooms | $570K | $620.6K | +8.9% |
| 5+ Bedrooms | $580K | $559.5K | -3.5% |
Summary: 97218 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 97218, OR
How many homes are available in 97218, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 53 | -8.6% |
Summary: The 97218 real estate market had 53 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 97218 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97218, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 97218 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.
Days on Market for 97218, OR
How long does it take to sell a home in 97218, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 63 Days | +130.9% |
Summary: Homes in 97218 had an average of 63 days on market in Nov 2024, up by 130.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97218 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 97218; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.