$8,550 Closing Credit*
$720,000
2,527 SqFt
5 Beds
•3 Full Baths
Karen Kennedy, Listing Office: RE/MAX Ultimate Coastal Properties
Is 97415, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97415 was a Buyer's Market.
Key Takeaway
97415 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97415, OR
How much do homes in 97415, OR cost?
Median Sold Price
$517,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.0%)
Key Takeaway
Homes in 97415 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 97415 was $517,500 in October 2024, up 2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $405K | +22.7% |
| 2 Bedrooms | $412.5K | $427.5K | +3.6% |
| 3 Bedrooms | $525K | $547.5K | +4.3% |
| 4 Bedrooms | $615K | $723.5K | +17.6% |
| 5+ Bedrooms | $925K | $790K | -14.6% |
Summary: 97415 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97415 | $507.5K | $517.5K | +2.0% |
| 97444 | $467.5K | $420K | -10.2% |
Housing Supply in 97415, OR
How many homes are available in 97415, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 99 | -2.0% |
Summary: The 97415 real estate market had 99 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 62 | 58 | -6.5% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97415 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 decreased by 10%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97415, you may be able to get a good deal. 81% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 97415 in October 2024, up by 50.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 97415, OR
How long does it take to sell a home in 97415, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 154 Days | 145 Days | -5.9% |
Summary: Homes in 97415 had an average of 145 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97415 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 21 homes were sold in 97415; 14% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 62% 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.