New - 1 day on Rocket
$3,266 Closing Credit¹
Kendall Woodworth, Listing Office: Windermere Realty Trust
97206 Housing Market Report December 2024•Multnomah County, Oregon
Housing Prices in 97206, OR
How much do homes in 97206, OR cost?
Housing Market Conditions
Is 97206, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
97206 is a Seller's Market
Difference Since December 2023
Since last year, 97206 has remained a Seller's Market.
Insight
97206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$455,400$329/SqFt
-$15,966
-3.4%
Based on all homes sold in the last 12 months
Insight
Homes in 97206 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 97206 was $455,400 in December 2024, down 3.4% from last year, and the median price per square foot was $329.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 55+ Bedrooms | $758.5K | $665K | -12.3% |
| 11 Bedroom | $345.5K | $279.9K | -19.0% |
| 22 Bedrooms | $405K | $388.5K | -4.1% |
| 33 Bedrooms | $489.3K | $485K | -0.9% |
| 44 Bedrooms | $592.5K | $610K | +3.0% |
Summary: 97206 housing price by bedroom type for December 2024, compared to the previous year. The home price for 5 bedroom homes decreased by -12.3%. The home price for 1 bedroom homes decreased by -19.0%. The home price for 2 bedroom homes decreased by -4.1%. The home price for 3 bedroom homes decreased by -0.9%. The home price for 4 bedroom homes increased by +3.0%.
Housing supply in 97206, OR
How many homes are available in 97206, OR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 152Last MonthDec 2024 | ||
| 1962 months agoNov 2024 | -22.4 % Change MoMNov – Dec |
Summary: The 97206 real estate market had 152 homes for sale in Dec 2024, a 22.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthDec 2024 | ||
| 572 months agoNov 2024 | -31.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 55+ Bedrooms | 12 | 11 | -8.3% |
| 11 Bedroom | 2 | 1 | -50.0% |
| 22 Bedrooms | 81 | 58 | -28.4% |
| 33 Bedrooms | 62 | 53 | -14.5% |
| 44 Bedrooms | 39 | 29 | -25.6% |
Summary: 97206 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 5 bedroom homes decreased by -8.3%. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -28.4%. The inventory for 3 bedroom homes decreased by -14.5%. The inventory for 4 bedroom homes decreased by -25.6%.
Asking Price vs. Sold Price
How much do homes in 97206, OR cost?
Over Asking Price10 Homes
At Asking Price14 Homes
Under Asking Price15 Homes
Insight
If you're buying a home in 97206, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 97206 in December 2024, down by 31.6% month-over-month. Of the 39 sold homes, 38% were sold under asking, 36% were sold at asking, and and 26% were sold over asking.
Days on Market for 97206, OR
How long does it take to sell a home in 97206, OR?
Breakdown of Home Sale Times
Under 30 Days19 Homes
30 – 90 Days11 Homes
Over 90 Days9 Homes
Insight
Many homes in 97206 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 39 homes were sold in 97206; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 65 DaysThis YearDec 2024 | ||
| 36 Days1 year agoDec 2023 | +80.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 97206 had an average listing age of 65 days in Dec 2024, up by 80.7% compared to the previous year.
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Newest Listings in 97206, OR
What homes are available in 97206, OR?
New - 1 day on Rocket
$5,403 Closing Credit¹
Sarah Spohn, Listing Office: PDX Dwellings LLC
New - 2 days on Rocket
$10,000 Closing Credit¹
Sharilynn Taylor, Listing Office: Premiere Property Group, LLC
New - 2 days on Rocket
$7,066 Closing Credit¹
Brian Bostick, Gina Gunderson, Listing Office: Windermere Realty Trust
New - 2 days on Rocket
$10,000 Closing Credit¹
Erin Rothrock, Emma Kemp, Listing Office: Windermere Realty Trust
New - 3 days on Rocket
$7,541 Closing Credit¹
Freddie Figueroa, Cooper Morley, Listing Office: Cascade Heritage Real Estate Group
New - 4 days on Rocket
$7,659 Closing Credit¹
Amy Rhew, Rebecca Green, Listing Office: Real Broker
New - 4 days on Rocket
$5,201 Closing Credit¹
Chris Anderson, Rebecca Babbitt, Listing Office: John L. Scott Sandy
New - 5 days on Rocket
$5,581 Closing Credit¹
Cori Jo Gamburd, Listing Office: Keller Williams Realty Portland Premiere
$6,174 Closing Credit¹
John Soper, Listing Office: MORE Realty
$6,234 Closing Credit¹
Georgia Sohlstrom, Listing Office: John L Scott Portland SW
$7,303 Closing Credit¹
Cristen Lincoln, Kiersten Frey, Listing Office: Living Room Realty
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MLS Disclaimers and Copyright
Based on information from Regional Multiple Listing Service, for the period 01/01/2023 - 01/01/2025
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 © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.