Is 97219, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97219 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97219 has remained a Seller's Market.

Key Takeaway

97219 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97219, OR

How much do homes in 97219, OR cost?

Median Sold Price

$630,666

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,166(+2.8%)

Key Takeaway

Homes in 97219 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 97219 was $630,666 in October 2024, up 2.8% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $270K$260K
-3.7%
2 $440.5K$439K
-0.3%
3 $560K$614.9K
+9.8%
4 $750K$750K
0.0%
5+ $875K$930K
+6.3%

Summary: 97219 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

97035
+4.9%
97219
+2.8%
97034
+1.8%
97221
-0.6%
97239
-3.6%

Housing Supply in 97219, OR

How many homes are available in 97219, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
241249+3.3%

Summary: The 97219 real estate market had 249 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 3641
+13.9%
3 9399
+6.5%
4 7671
-6.6%
5+ 3234
+6.3%

Summary: The 97219 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 increased by 13.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4652+13.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97219, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 97219 in October 2024, up by 13.0% month-over-month. Of the 52 sold homes, 44% were sold under asking, 17% were sold at asking, and 38% were sold over asking.

Days on Market for 97219, OR

How long does it take to sell a home in 97219, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days38 Days+101.4%

Summary: Homes in 97219 had an average of 38 days on market in Oct 2024, up by 101.4% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97219 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in 97219; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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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