97231 Zip Code Real Estate Market Reaches Contracts Bottom

Over the last 30 days, seven homes went under contract in the 97231 zip code market, the lowest amount since July. As the market appears to be softening, there were nine homes sold over the same period. During the same time frame, 97229 had the most of any other neighboring zip codes with 125 contracts executed. The median sales price in the 97231 zip code rose to $237,500 while months of inventory fell to four.

If you need more bedrooms, take a look at these homes in the 97231 zip code that offer more than other listings:

$929K   $4.9M   $1.5M  

Get started right now by checking out 97231 homes for sale or reviewing 97231 real estate trends.

Demographic facts for the 97231 zip code:

  • The median value of all homes in the area is $375,000.
  • This area usually gets 148 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 7.7%.
  • The student-to-teacher ratio is 19.9:1. (15.3:1 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Eleete Real Estate
Snapped 1 home in this area
Portland Digs
Snapped 2 homes in this area
Eleete Real Estate
Snapped 2 homes in this area

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