$10,000 Closing Credit*
$999,999
2,553 SqFt
4 Beds
•3 Full Baths
Genie Shook, Listing Office: John L Scott Portland SW
Is 97223, 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, 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
$600,400
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,900(+1.7%)
Key Takeaway
Homes in 97223 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 97223 was $600,400 in October 2024, up 1.7% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $207.5K | +23.1% |
| 2 Bedrooms | $399K | $412.4K | +3.4% |
| 3 Bedrooms | $550K | $575K | +4.5% |
| 4 Bedrooms | $674.5K | $710K | +5.3% |
| 5+ Bedrooms | $799.9K | $825K | +3.1% |
Summary: 97223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 168 | 175 | +4.2% |
Summary: The 97223 real estate market had 175 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 60 | 56 | -6.7% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The 97223 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97223, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 97223 in October 2024, down by 7.3% month-over-month. Of the 38 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 48 Days | +105.3% |
Summary: Homes in 97223 had an average of 48 days on market in Oct 2024, up by 105.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 38 homes were sold in 97223; 47% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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