#757212231, Andrew Misk, Listing Office: The Agency Portland
97227 Housing Market Report January 2025•Multnomah County, Oregon
Housing Prices in 97227, OR
How much do homes in 97227, OR cost?
Housing Market Conditions
Is 97227, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
97227 is a Seller's Market
Difference Since December 2024
Last month, 97227 has remained a Seller's Market.
97227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in January 2025
Homes in 97227 have sold for 13.5% more than they did a month ago.
Summary: The median home sold price in 97227 was $700,000 in January 2025, up 13.5% from last month, and the median price per square foot was $265.
Median Sold Price By Bedrooms
Beds | Dec 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | $225K | N/A |
22 Bedrooms | $530K | - | N/A |
33 Bedrooms | $617K | $700K | +13.5% |
44 Bedrooms | $725K | $1.1M | +59.3% |
55+ Bedrooms | - | - | N/A |
Summary: 97227 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +13.5%. The home price for 4 bedroom homes increased by +59.3%. The home price for 5 bedroom homes did not change.
Housing supply in 97227, OR
How many homes are available in 97227, OR?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
20Last MonthJan 2025 | ||
172 months agoDec 2024 | +17.6 % Change MoMDec – Jan |
Summary: The 97227 real estate market had 20 homes for sale in Jan 2025, a 17.6 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
4Last MonthJan 2025 | ||
42 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 2 | 3 | +50.0% |
33 Bedrooms | 9 | 12 | +33.3% |
44 Bedrooms | 5 | 4 | -20.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 97227 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 97227, OR cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price3 Homes
If you're buying a home in 97227, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97227 in January 2025, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.
Days on Market for 97227, OR
How long does it take to sell a home in 97227, OR?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days2 Homes
Over 90 Days1 Home
Avg time on Rocket Homes in 97227 has remained consistent over time.
Summary: During January 2025, 4 homes were sold in 97227; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
50 DaysLast MonthJan 2025 | ||
81 Days1 month agoDec 2024 | -38.0 % Change MoMDec – Jan |
Summary: Homes in 97227 had an average listing age of 50 days in Jan 2025, down by 38.0% compared to the previous month.
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Newest Listings in 97227, OR
What homes are available in 97227, OR?
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MLS Disclaimers and Copyright
Based on information from Regional Multiple Listing Service, and Northwest Multiple Listing Service for the period 12/01/2024 - 02/01/2025
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: 2/7/2025, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 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. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 9:17:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.