Is 97301, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97301 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 97301 has remained a Seller's Market.

Key Takeaway

97301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97301, OR

How much do homes in 97301, OR cost?

Median Sold Price

$400,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,626(+2.7%)

Key Takeaway

Homes in 97301 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 97301 was $400,000 in December 2024, up 2.7% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $255.9K$270K
+5.5%
2 $319.9K$315K
-1.5%
3 $380K$385K
+1.3%
4 $439.4K$441.7K
0.5%
5+ $496.1K$460K
-7.3%

Summary: 97301 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

97317
+14.2%
97301
+2.7%
97302
-3.3%

Housing Supply in 97301, OR

How many homes are available in 97301, OR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6752-22.4%

Summary: The 97301 real estate market had 52 homes for sale in December 2024, a 22.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 3128
-9.7%
4 2214
-36.4%
5+ 42
-50.0%

Summary: The 97301 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2715-44.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97301, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in 97301 in December 2024, down by 44.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% were sold over asking.

Days on Market for 97301, OR

How long does it take to sell a home in 97301, OR?

Average Sale Time

Dec 2023Dec 2024CHANGE
40 Days39 Days-0.3%

Summary: Homes in 97301 had an average of 39 days on market in Dec 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97301 has remained consistent over time.

Summary: During December 2024, 15 homes were sold in 97301; 40% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

Newest Listings in 97301, OR

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