The 97116 housing market is somewhat competitive. The median sale price of a home in 97116 was $523K last month, up 1.5% since last year. The median sale price per square foot in 97116 is $286, up 8.5% since last year.
In March 2024, 97116 home prices were up 1.5% compared to last year, selling for a median price of $523K. On average, homes in 97116 sell after 71 days on the market compared to 30 days last year. There were 58 homes sold in March this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$522,500
+1.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
97116, OR
$522,500
+1.5%
United States
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How hot is the 97116 housing market?
97116 is somewhat competitive. Homes sell in 41 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 41 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 97116 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 97116.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
97116 has a minor risk of flooding. 418 properties in 97116 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 97116. Flood risk is increasing slower than the national average.
44% of properties are at risk of wildfire over the next 30 years
Fire Factor
97116 has a moderate risk of wildfire. There are 3,948 properties in 97116 that have some risk of being affected by wildfire over the next 30 years. This represents 44% of all properties in 97116.