$6,519 Closing Credit*
$549,000
2 Beds
•1 Full Bath
Han Ngo, Listing Office: Quickenhome
Is 97233, 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, 97233 has remained a Seller's Market.
Key Takeaway
97233 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97233, OR
How much do homes in 97233, OR cost?
Median Sold Price
$399,900
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,900(+3.9%)
Key Takeaway
Homes in 97233 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 97233 was $399,900 in October 2024, up 3.9% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $265K | +27.7% |
| 2 Bedrooms | $299K | $260K | -13.0% |
| 3 Bedrooms | $383.7K | $395K | +2.9% |
| 4 Bedrooms | $437.5K | $450.5K | +3.0% |
| 5+ Bedrooms | $539.9K | $516K | -4.4% |
Summary: 97233 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 97233, OR
How many homes are available in 97233, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 107 | +4.9% |
Summary: The 97233 real estate market had 107 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 54 | 55 | +1.9% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 97233 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97233, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 97233 in October 2024, up by 5.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 97233, OR
How long does it take to sell a home in 97233, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +19.0% |
Summary: Homes in 97233 had an average of 33 days on market in Oct 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97233 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 97233; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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.