$4,144 Closing Credit*
$349,000
1,329 SqFt
2 Beds
•1 Full Bath
Sandra Barr, Listing Office: John L. Scott Portland Central
Is 97220, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97220 has remained a Seller's Market.
Key Takeaway
97220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97220, OR
How much do homes in 97220, OR cost?
Median Sold Price
$430,333
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$916(-0.2%)
Key Takeaway
The sold price of homes in 97220 has remained the same since last year.
Summary: The median home sold price in 97220 was $430,333 in October 2024, down 0.2% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $298K | +73.2% |
| 2 Bedrooms | $384K | $395K | +2.9% |
| 3 Bedrooms | $437.5K | $435K | -0.6% |
| 4 Bedrooms | $500K | $522.4K | +4.5% |
| 5+ Bedrooms | $595K | $552.5K | -7.1% |
Summary: 97220 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.2%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 97220, OR
How many homes are available in 97220, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 128 | +6.7% |
Summary: The 97220 real estate market had 128 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 32 | 33 | +3.1% |
| 3 Bedrooms | 59 | 57 | -3.4% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 97220 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97220, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 97220 in October 2024, down by 14.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for 97220, OR
How long does it take to sell a home in 97220, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 40 Days | +41.5% |
Summary: Homes in 97220 had an average of 40 days on market in Oct 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97220 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 97220; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.