97224 Home Values & Market Trends

There are 75 homes currently listed for 97224. 97224 real estate market trends show that home prices range from $249,900 to $1,500,000, and the median sales price in the 97224 zip code is $617,856.45. The total number of properties sold within the past twelve months is 558. In 97224, 7 properties are in foreclosure, 0 are bank owned properties,and 7 are headed for auction.

97224 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Portland

$ 555,265

$ 317/sqft

Portland

$ 555,265

$ 317/sqft

Portland

$ 555,265

$ 317/sqft

Housing Market Summary for 97224

Jun 2023May 2024Change
Median Listing Price$614.9K$625K1.64%
Median Sold Price$590K$592.5K0.42%
Homes For Sale556925.45%
Homes Sold3613702.49%
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 97224

The median list price of a home in Portland, is $617,856.45. A total of 75 properties are for sale, and the percentage of properties for sale in the zip code is 75.00%. The total count of 97224 properties is 11,569.

Foreclosure
There are 3 cities within 97224; within these cities, the median estimated home value for homes in foreclosure ranges from $1,675,000 in portland to the lowest value of $175,430 in portland. Foreclosure homes account for 0.00% of properties in 97224 with portland containing 189 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 97224 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 97224; 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 97224 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 97224. There are 3 cities within 97224; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    portland has 158 auction properties, the highest number of properties going to auction in a single city in the state of 97224. Auction homes and other auction properties account for 0.06% of all properties in 97224. There are 3 cities within 97224; of those cities, the median estimated home value for homes going to auction ranges from $1,675,000 in portland to the lowest value of $175,430 in portland.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.65% of residential properties in 97224 with portland containing 1268 homes for sale, the highest number of listed properties in a single city. There are 3 cities within 97224; homes for sale in those cities, have a range of median values from $15,000,000 in portland to the lowest value of $118,793 in portland.
    Sold Homes
    The median value for recently sold homes ranges from $5,850,000 in portland to the lowest price of $27,489 in portland. There are 3 cities within 97224. portland has 6297 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.04% of properties in 97224.

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      Guide for 97224

      Market Reports
      Portland Real Estate Cools in April 2024, Yet Outshines Nearby Cities With $539K Average House Values
      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Investing Strategies
      How To Buy A Foreclosed Commercial Property
      Investment Guides
      How To Evaluate the Quality of Foreclosure Home
      See More Articles
      Portland Real Estate Cools in April 2024, Yet Outshines Nearby Cities With $539K Average House Values
      Market Reports|posted 9 May 2024

      The report explores Portland’s real estate market trends, and compares Portland’s housing market trajectory relative to its neighboring cities.

      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      How To Buy A Foreclosed Commercial Property
      Investing Strategies|posted 14 June 2024

      How to get your hands on a commercial property in foreclosure.

      How To Evaluate the Quality of Foreclosure Home
      Investment Guides|posted 12 June 2024

      Get access to national foreclosure listings and learn how to use them to invest in real estate. RealtyTrac offers the best resources and information.

      Recently Listed Homes 97224

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