$5,047 Closing Credit*
$424,995
1,637 SqFt
3 Beds
•2 Full Baths
Heather Stone, Charlie Arnell, Listing Office: D. R. Horton, Inc Portland
Is 97317, 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, 97317 has remained a Seller's Market.
Key Takeaway
97317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97317, OR
How much do homes in 97317, OR cost?
Median Sold Price
$467,794
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,894(+10.1%)
Key Takeaway
Homes in 97317 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 97317 was $467,794 in October 2024, up 10.1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $355.4K | $375K | +5.5% |
| 3 Bedrooms | $390K | $390K | 0.0% |
| 4 Bedrooms | $830.7K | $503.9K | -39.3% |
| 5+ Bedrooms | $530K | $535.9K | +1.1% |
Summary: 97317 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 increased by 5.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 97317, OR
How many homes are available in 97317, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The 97317 real estate market had 35 homes for sale in October 2024, a 6.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97317 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 increased by 26.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97317, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 97317 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 97317, OR
How long does it take to sell a home in 97317, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 82 Days | +168.5% |
Summary: Homes in 97317 had an average of 82 days on market in Oct 2024, up by 168.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97317 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 97317; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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