$9,797 Closing Credit*
$825,000
2,738 SqFt
4 Beds
•3 Full Baths
Mervat Jacks, Heather Bonney, Listing Office: MORE Realty
Is 97222, 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, 97222 has remained a Seller's Market.
Key Takeaway
97222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97222, OR
How much do homes in 97222, OR cost?
Median Sold Price
$495,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,500(+1.3%)
Key Takeaway
Homes in 97222 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 97222 was $495,000 in November 2024, up 1.3% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394.5K | $287.5K | -27.1% |
| 2 Bedrooms | $375K | $399.9K | +6.7% |
| 3 Bedrooms | $483.5K | $489K | +1.1% |
| 4 Bedrooms | $575K | $585K | +1.7% |
| 5+ Bedrooms | $760K | $693.7K | -8.7% |
Summary: 97222 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 97222, OR
How many homes are available in 97222, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 87 | -13.0% |
Summary: The 97222 real estate market had 87 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 56 | 47 | -16.1% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 97222 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97222, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 97222 in November 2024, down by 35.5% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for 97222, OR
How long does it take to sell a home in 97222, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 18 Days | -53.4% |
Summary: Homes in 97222 had an average of 18 days on market in Nov 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97222 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 97222; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% 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.