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 November 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

$631,666

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,000(+3.8%)

Key Takeaway

Homes in 97219 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 97219 was $631,666 in November 2024, up 3.8% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $292.5K$252K
-13.8%
2 $449K$447.5K
-0.3%
3 $570K$615K
+7.9%
4 $742K$755K
+1.8%
5+ $886K$973.8K
+9.9%

Summary: 97219 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

97035
+7.1%
97219
+3.8%
97034
0.2%
97221
-1.4%
97239
-1.7%

Housing Supply in 97219, OR

How many homes are available in 97219, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
233193-17.2%

Summary: The 97219 real estate market had 193 homes for sale in November 2024, a 17.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 3739
+5.4%
3 9576
-20.0%
4 6450
-21.9%
5+ 3225
-21.9%

Summary: The 97219 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 21.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5342-20.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 97219 in November 2024, down by 20.8% month-over-month. Of the 42 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% 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

Nov 2023Nov 2024CHANGE
34 Days49 Days+41.3%

Summary: Homes in 97219 had an average of 49 days on market in Nov 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 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 November 2024, 42 homes were sold in 97219; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% 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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