97007 Zip Code Real Estate Market Slides to Contracts Low Point

There were 101 homes sold in the 97007 zip code market over the last 30 days, but 121 contracts were executed. This marks the lowest amount since April, and could be a sign that the market is approaching a low. When comparing other close-by zip codes within the same period, the most came from the 97229 zip code with 125 contracts executed. A months of inventory number of two reported this week continued a four-week downward trend, even with the weak contracts numbers in the area. In spite of contracts trending lower, the lack of inventory indicates that the 97007 zip code is still a definite seller's market.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 97007 zip code:

$280K   $340K   $235K  

Get started right now by checking out 97007 homes for sale or reviewing 97007 real estate trends.

Demographic facts for the 97007 zip code:

  • The median house value here is $206,500.
  • The area gets an average of 152 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 6.7%.
  • There are 16.7 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
The Peggy Hoag Group Berkshire Hathaway HomeServices
Snapped 40 homes in this area
Coldwell Banker Seal - Portland West
Snapped 15 homes in this area
Keller Williams Realty Professionals
Snapped 6 homes in this area

Agents that specialize in this area
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