$9,144 Closing Credit*
$770,000
2,583 SqFt
5 Beds
•2 Full Baths
Michelle Holmes, Sharon Parmenter, Listing Office: Opendoor Brokerage LLC
Is 97229, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 97229 was a Seller's Market.
Key Takeaway
97229 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$777,573
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,587(+3.7%)
Key Takeaway
Homes in 97229 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 97229 was $777,573 in September 2024, up 3.7% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $243.5K | -13.0% |
| 2 Bedrooms | $422.5K | $415K | -1.8% |
| 3 Bedrooms | $620K | $602.5K | -2.8% |
| 4 Bedrooms | $810K | $835K | +3.1% |
| 5+ Bedrooms | $1.0M | $995K | -3.1% |
Summary: 97229 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 446 | 428 | -4.0% |
Summary: The 97229 real estate market had 428 homes for sale in September 2024, a 4.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 55 | 56 | +1.8% |
| 3 Bedrooms | 98 | 87 | -11.2% |
| 4 Bedrooms | 160 | 154 | -3.8% |
| 5+ Bedrooms | 123 | 122 | -0.8% |
Summary: The 97229 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 93 | 66 | -29.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97229, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in 97229 in September 2024, down by 29.0% month-over-month. Of the 66 sold homes, 56% were sold under asking, 23% were sold at asking, and 21% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 57 Days | +140.7% |
Summary: Homes in 97229 had an average of 57 days on market in Sep 2024, up by 140.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 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 September 2024, 66 homes were sold in 97229; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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