$9,844 Closing Credit*
$828,960
3,127 SqFt
6 Beds
•3 Full Baths
Brian Johnson, Andrea Young, Listing Office: Windermere Realty Trust
Is 97229, 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, 97229 has remained a Seller's Market.
Key Takeaway
97229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$785,778
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,802(+3.4%)
Key Takeaway
Homes in 97229 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 97229 was $785,778 in November 2024, up 3.4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $225K | -17.4% |
| 2 Bedrooms | $425K | $412.4K | -3.0% |
| 3 Bedrooms | $620K | $600K | -3.2% |
| 4 Bedrooms | $825.6K | $835K | +1.1% |
| 5+ Bedrooms | $1.0M | $983.5K | -5.3% |
Summary: 97229 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 372 | 322 | -13.4% |
Summary: The 97229 real estate market had 322 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 | 11 | 10 | -9.1% |
| 2 Bedrooms | 45 | 41 | -8.9% |
| 3 Bedrooms | 74 | 66 | -10.8% |
| 4 Bedrooms | 133 | 114 | -14.3% |
| 5+ Bedrooms | 109 | 91 | -16.5% |
Summary: The 97229 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 54 | -32.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97229, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 97229 in November 2024, down by 32.5% month-over-month. Of the 54 sold homes, 61% were sold under asking, 15% were sold at asking, and 24% were sold over asking.
Days on Market for 97229, OR
How long does it take to sell a home in 97229, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 72 Days | +104.6% |
Summary: Homes in 97229 had an average of 72 days on market in Nov 2024, up by 104.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97229 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in 97229; 46% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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