New - 14 hours on Rocket
$4,976 Closing Credit¹
#412260460, Jamie Hinkel, Mya Fulmer, Listing Office: The Broker Network, LLC
97233 Housing Market Report December 2024•Multnomah County, Oregon
Housing Prices in 97233, OR
How much do homes in 97233, OR cost?
Housing Market Conditions
Is 97233, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
97233 is a Seller's Market
Difference Since December 2023
Since last year, 97233 has remained a Seller's Market.
Insight
97233 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$399,000$282/SqFt
+$9,000
+2.3%
Based on all homes sold in the last 12 months
Insight
Homes in 97233 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 97233 was $399,000 in December 2024, up 2.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $207.5K | $265K | +27.7% |
| 22 Bedrooms | $294.5K | $262.5K | -10.9% |
| 33 Bedrooms | $382.5K | $395K | +3.3% |
| 44 Bedrooms | $448K | $450K | 0.4% |
| 55+ Bedrooms | $539.9K | $516.3K | -4.4% |
Summary: 97233 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +27.7%. The home price for 2 bedroom homes decreased by -10.9%. The home price for 3 bedroom homes increased by +3.3%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes decreased by -4.4%.
Housing supply in 97233, OR
How many homes are available in 97233, OR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 84Last MonthDec 2024 | ||
| 842 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: The 97233 real estate market had 84 homes for sale in Dec 2024, the same as Nov 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthDec 2024 | ||
| 132 months agoNov 2024 | +76.9 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 14 | 19 | +35.7% |
| 33 Bedrooms | 49 | 48 | -2.0% |
| 44 Bedrooms | 13 | 9 | -30.8% |
| 55+ Bedrooms | 8 | 7 | -12.5% |
Summary: 97233 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +35.7%. The inventory for 3 bedroom homes decreased by -2.0%. The inventory for 4 bedroom homes decreased by -30.8%. The inventory for 5 bedroom homes decreased by -12.5%.
Asking Price vs. Sold Price
How much do homes in 97233, OR cost?
Over Asking Price9 Homes
At Asking Price10 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in 97233, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 97233 in December 2024, up by 76.9% month-over-month. Of the 23 sold homes, 17% were sold under asking, 43% were sold at asking, and and 39% were sold over asking.
Days on Market for 97233, OR
How long does it take to sell a home in 97233, OR?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days10 Homes
Over 90 Days3 Homes
Insight
Many homes in 97233 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 23 homes were sold in 97233; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 40 DaysThis YearDec 2024 | ||
| 34 Days1 year agoDec 2023 | +15.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 97233 had an average listing age of 40 days in Dec 2024, up by 15.6% compared to the previous year.
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Newest Listings in 97233, OR
What homes are available in 97233, OR?
New - 1 day on Rocket3D tour
$5,641 Closing Credit¹
#24217302, Shayda Rohani, Jennifer Turner, Listing Office: Lovejoy Real Estate
New - 1 day on Rocket
$5,569 Closing Credit¹
#609720466, Vickie Brooks, Listing Office: Premiere Property Group, LLC
New - 1 day on Rocket
$3,788 Closing Credit¹
#222496530, Cindy Chung, Listing Office: eXp Realty, LLC
New - 2 days on Rocket
$5,047 Closing Credit¹
#137464035, Mitch Foteff, Listing Office: Harcourts Real Estate Network Group
New - 3 days on Rocket
$4,108 Closing Credit¹
#257796370, Bob Sisul, Bryce Rosenbaum, Listing Office: Harcourts Real Estate Network Group
New - 3 days on Rocket
$5,166 Closing Credit¹
#24354935, Helen Hoyt, Wendy Snyder, Listing Office: Portland Creative Realtors
New - 3 days on Rocket
$4,868 Closing Credit¹
#24638765, Bob Sisul, Bryce Rosenbaum, Listing Office: Harcourts Real Estate Network Group
New - 4 days on Rocket
$8,906 Closing Credit¹
#785299678, Fernando Barajas, Listing Office: eXp Realty LLC
$2,553 Closing Credit¹
#452019873, Sarah Morris, Samantha Hartley, Listing Office: Real Broker
$6,234 Closing Credit¹
#384541764, Eric Guess, Daniel Vasquez, Listing Office: Rarebird Real Estate
$5,047 Closing Credit¹
#578556002, Legion Anders, Listing Office: Century 21 North Homes 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: 2/1/2025, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.