$10,000 Closing Credit*
$975,000
3,338 SqFt
3 Beds
•2 Full Baths
Rachelle Kammann, Kevin Morris, Listing Office: Kevin Morris Realty
Is 97231, 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, 97231 has remained a Buyer's Market.
Key Takeaway
97231 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97231, OR
How much do homes in 97231, OR cost?
Median Sold Price
$730,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,000(+12.8%)
Key Takeaway
Homes in 97231 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 97231 was $730,000 in November 2024, up 12.8% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308K | $115K | -62.7% |
| 2 Bedrooms | $357.3K | $350.2K | -2.0% |
| 3 Bedrooms | $759.9K | $764.9K | +0.7% |
| 4 Bedrooms | $825K | $959.6K | +16.3% |
| 5+ Bedrooms | $1.4M | $980.7K | -33.3% |
Summary: 97231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 16.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The 97231 real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 97231 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 12.5%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97231, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97231 in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 48 Days | +49.2% |
Summary: Homes in 97231 had an average of 48 days on market in Nov 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 2 homes were sold in 97231; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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