$8,016 Closing Credit*
$674,990
2,476 SqFt
4 Beds
•2 Full Baths
Shawn Meier, Tricia Epping, Listing Office: TNHC Oregon Realty LLC
Is 97223, 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, 97223 has remained a Seller's Market.
Key Takeaway
97223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97223, OR
How much do homes in 97223, OR cost?
Median Sold Price
$601,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,194(+1.9%)
Key Takeaway
Homes in 97223 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 97223 was $601,000 in November 2024, up 1.9% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $207.5K | +23.1% |
| 2 Bedrooms | $394.5K | $409.9K | +3.9% |
| 3 Bedrooms | $550K | $575K | +4.5% |
| 4 Bedrooms | $670.9K | $727.5K | +8.4% |
| 5+ Bedrooms | $799.9K | $825K | +3.1% |
Summary: 97223 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 97223, OR
How many homes are available in 97223, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 172 | 149 | -13.4% |
Summary: The 97223 real estate market had 149 homes for sale in November 2024, a 13.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 17 | -22.7% |
| 3 Bedrooms | 69 | 61 | -11.6% |
| 4 Bedrooms | 55 | 47 | -14.5% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 97223 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 22.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 34 | -17.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97223, you could pay more than the asking price. 38.2% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 97223 in November 2024, down by 17.1% month-over-month. Of the 34 sold homes, 32% were sold under asking, 29% were sold at asking, and 38% were sold over asking.
Days on Market for 97223, OR
How long does it take to sell a home in 97223, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -12.0% |
Summary: Homes in 97223 had an average of 23 days on market in Nov 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97223 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 97223; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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