$10,000 Closing Credit*
$949,000
3,286 SqFt
4 Beds
•2 Full Baths, 1 Partial
Daniel Mal, Listing Office: Mal & Seitz
Is 97227, 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, 97227 has remained a Seller's Market.
Key Takeaway
97227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97227, OR
How much do homes in 97227, OR cost?
Median Sold Price
$638,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+1.8%)
Key Takeaway
Homes in 97227 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 97227 was $638,000 in October 2024, up 1.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244.5K | $388K | +58.7% |
| 2 Bedrooms | $410K | $415K | +1.2% |
| 3 Bedrooms | $637.5K | $638K | 0.1% |
| 4 Bedrooms | $690K | $699K | +1.3% |
| 5+ Bedrooms | $903K | $1.0M | +21.5% |
Summary: 97227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 97227, OR
How many homes are available in 97227, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The 97227 real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97227 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 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97227, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 97227 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 97227, OR
How long does it take to sell a home in 97227, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 46 Days | +76.9% |
Summary: Homes in 97227 had an average of 46 days on market in Oct 2024, up by 76.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97227 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 97227; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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. 
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.