97231 Home Values & Market Trends

There are 14 homes currently listed for 97231. 97231 real estate market trends show that home prices range from $99,900 to $4,195,000, and the median sales price in the 97231 zip code is $723,854.18. The total number of properties sold within the past twelve months is 63. In 97231, 2 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.

97231 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Portland

$ 492,734

$ 309/sqft

Portland

$ 492,734

$ 309/sqft

Portland

$ 492,734

$ 309/sqft

Housing Market Summary for 97231

Mar 2023February 2024Change
Median Listing Price$1.8M$777.9K-56.25%
Median Sold Price$591.4K$777.9K31.53%
Homes For Sale131515.38%
Homes Sold3636-
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 97231

The median list price of a home in Portland, is $723,854.18. A total of 14 properties are for sale, and the percentage of properties for sale in the zip code is 14.00%. The total count of 97231 properties is 1,821.

Foreclosure
There are 3 cities within 97231; within these cities, the median estimated home value for homes in foreclosure ranges from $1,749,000 in portland to the lowest value of $131,600 in portland. Foreclosure homes account for 0.00% of properties in 97231 with portland containing 182 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 97231 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 3 cities within 97231; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 97231 ranges from the highest value of $1,020,851 in portland to the lowest value of $131,600 in portland. Bank owned homes and properties account for 0.05% of properties in 97231. There are 3 cities within 97231; portland containing 24 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    portland has 154 auction properties, the highest number of properties going to auction in a single city in the state of 97231. Auction homes and other auction properties account for 0.05% of all properties in 97231. There are 3 cities within 97231; of those cities, the median estimated home value for homes going to auction ranges from $1,749,000 in portland to the lowest value of $174,750 in portland.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.77% of residential properties in 97231 with portland containing 909 homes for sale, the highest number of listed properties in a single city. There are 3 cities within 97231; homes for sale in those cities, have a range of median values from $7,009,110 in portland to the lowest value of $99,565 in portland.
    Sold Homes
    The median value for recently sold homes ranges from $5,327,400 in portland to the lowest price of $37,408 in portland. There are 3 cities within 97231. portland has 6572 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.92% of properties in 97231.

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      Guide for 97231

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Wholesale
      4 Tips on How To Buy a House Wholesale
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      California
      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Recently Listed Homes 97231

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