Is 97229, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97229 is a neutral'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

# BEDSSep 2023Sep 2024CHANGE
1 $280K$243.5K
-13.0%
2 $422.5K$415K
-1.8%
3 $620K$602.5K
-2.8%
4 $810K$835K
+3.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97005
+9.7%
97006
+6.4%
97229
+3.7%
97225
+2.7%
97210
-5.6%

Housing Supply in 97229, OR

How many homes are available in 97229, OR?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
446428-4.0%

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

# BEDSAug 2024Sep 2024CHANGE
1 109
-10.0%
2 5556
+1.8%
3 9887
-11.2%
4 160154
-3.8%
5+ 123122
-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 2024Sep 2024CHANGE
9366-29.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
23 Days57 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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