$2,374 Closing Credit*
$199,900
500 SqFt
1 Bed
•1 Full Bath
Aleksander Koval, Listing Office: The Koval Group
Is 97220, 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, 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
$433,333
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,583(+1.1%)
Key Takeaway
Homes in 97220 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 97220 was $433,333 in November 2024, up 1.1% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $304K | +76.7% |
| 2 Bedrooms | $375K | $395K | +5.3% |
| 3 Bedrooms | $435K | $439.5K | +1.0% |
| 4 Bedrooms | $504.5K | $518K | +2.7% |
| 5+ Bedrooms | $585K | $552.5K | -5.6% |
Summary: 97220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in 97220, OR
How many homes are available in 97220, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 102 | -16.4% |
Summary: The 97220 real estate market had 102 homes for sale in November 2024, a 16.4% 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 | 29 | 26 | -10.3% |
| 3 Bedrooms | 55 | 46 | -16.4% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 97220 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 decreased by 10.3%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97220, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 97220 in November 2024, down by 11.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +106.4% |
Summary: Homes in 97220 had an average of 60 days on market in Nov 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 23 homes were sold in 97220; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% 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.