$6,234 Closing Credit*
$525,000
2,208 SqFt
2 Beds
•1 Full Bath
Chris Dawkins, Listing Office: Keller Williams PDX Central
Is 97227, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97227 was a Seller's Market.
Key Takeaway
97227 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97227, OR
How much do homes in 97227, OR cost?
Median Sold Price
$643,950
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,950(+3.0%)
Key Takeaway
Homes in 97227 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 97227 was $643,950 in November 2024, up 3% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244.5K | $388K | +58.7% |
| 2 Bedrooms | $410K | $422.5K | +3.0% |
| 3 Bedrooms | $637.5K | $625K | -2.0% |
| 4 Bedrooms | $734K | $699K | -4.8% |
| 5+ Bedrooms | $903K | $1.0M | +21.5% |
Summary: 97227 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.7%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The 97227 real estate market had 19 homes for sale in November 2024, a 17.4% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97227 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 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97227, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97227 in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 33 Days | -55.4% |
Summary: Homes in 97227 had an average of 33 days on market in Nov 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97227 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 97227; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.