$10,000 Closing Credit*
$1,800,000
6,257 SqFt
6 Beds
•5 Full Baths
Lauren Iaquinta, Listing Office: Cascade Hasson Sotheby's International Realty
Is 97231, 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, 97231 has remained a Seller's Market.
Key Takeaway
97231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97231, OR
How much do homes in 97231, OR cost?
Median Sold Price
$799,900
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$152,900(+23.6%)
Key Takeaway
Homes in 97231 have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in 97231 was $799,900 in October 2024, up 23.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308K | - | N/A |
| 2 Bedrooms | $359.2K | $350.2K | -2.5% |
| 3 Bedrooms | $759.9K | $764.9K | +0.7% |
| 4 Bedrooms | $690K | $1.0M | +53.7% |
| 5+ Bedrooms | $1.4M | $980.7K | -33.3% |
Summary: 97231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 53.7%, and 5+ bedroom homes decreased by 33.3%.
Housing Supply in 97231, OR
How many homes are available in 97231, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The 97231 real estate market had 34 homes for sale in October 2024, a 8.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 97231 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97231, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 97231 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 97231, OR
How long does it take to sell a home in 97231, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 49 Days | -21.0% |
Summary: Homes in 97231 had an average of 49 days on market in Oct 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97231 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 97231; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.