97224 Home Values & Market Trends

There are 66 homes currently listed for 97224. 97224 real estate market trends show that home prices range from $189,000 to $1,300,000, and the median sales price in the 97224 zip code is $604,780.85. The total number of properties sold within the past twelve months is 594. In 97224, 8 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

$ 505,949

$ 309/sqft

Portland

$ 505,949

$ 309/sqft

Portland

$ 505,949

$ 309/sqft

Housing Market Summary for 97224

Apr 2023March 2024Change
Median Listing Price$550K$588.6K7.02%
Median Sold Price$589.5K$588.6K-0.16%
Homes For Sale396669.23%
Homes Sold3313402.72%
Price
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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 $604,780.85. A total of 66 properties are for sale, and the percentage of properties for sale in the zip code is 66.00%. The total count of 97224 properties is 11,538.

Foreclosure
There are 3 cities within 97224; within these cities, the median estimated home value for homes in foreclosure ranges from $1,650,000 in portland to the lowest value of $118,400 in portland. Foreclosure homes account for 0.00% of properties in 97224 with portland containing 186 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in 97224 with portland containing 12 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 $678,170 in portland to the lowest home value of $175,564 in portland.
  • 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 153 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 $1,650,000 in portland to the lowest value of $176,687 in portland.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.57% of residential properties in 97224 with portland containing 1034 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 $103,977 in portland.
    Sold Homes
    The median value for recently sold homes ranges from $5,441,184 in portland to the lowest price of $41,862 in portland. There are 3 cities within 97224. portland has 6654 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.15% of properties in 97224.

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      Guide for 97224

      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      Market Reports
      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      See More Articles
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

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

      Oregon Foreclosure Laws

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      Market Reports|posted 24 April 2024

      The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.