Is 97239, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97239 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 97239 was a Seller's Market.

Key Takeaway

97239 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 97239, OR

How much do homes in 97239, OR cost?

Median Sold Price

$600,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,416(-1.7%)

Key Takeaway

Homes in 97239 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 97239 was $600,000 in November 2024, down 1.7% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $310K$325K
+4.8%
2 $494.5K$487.5K
-1.4%
3 $779.5K$657K
-15.7%
4 $920K$840K
-8.7%
5+ $1.0M$1.2M
+25.6%

Summary: 97239 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 25.6%.

Median Sold Price Compared To Nearby Zip Codes

97201
+17.6%
97219
+3.8%
97221
-1.4%
97239
-1.7%
97202
-3.4%

Housing Supply in 97239, OR

How many homes are available in 97239, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
126117-7.1%

Summary: The 97239 real estate market had 117 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1411
-21.4%
2 4542
-6.7%
3 2928
-3.4%
4 2826
-7.1%
5+ 1010
0.0%

Summary: The 97239 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
19190.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97239, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 97239 in November 2024, the same as the previous month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.

Days on Market for 97239, OR

How long does it take to sell a home in 97239, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days101 Days+231.2%

Summary: Homes in 97239 had an average of 101 days on market in Nov 2024, up by 231.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97239 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 97239; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% 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 22 Days Ago

Newest Listings in 97239, OR

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