Prices Split in Raleigh Hills & Cedar Hills This Summer
The Federal Housing Finance Agency reported U.S. house prices rose 2.6% year over year through July 2026. That number sounds simple. It is not simple here.
The Real Estate Data Aggregator counted homes in both ZIP codes for the three months ending August 31, 2026. Prices moved in opposite directions in the same market.
| 97221 (Raleigh Hills) | 97225 (Cedar Hills) | |
|---|---|---|
| Median sale price | $846,500 | $720,000 |
| Price change, year over year | +9.2% | -9.1% |
| Homes sold | 49 | 92 |
| Median days on market | 25 days | 18 days |
| Months of supply | 4.3 months | 2.9 months |
97221: Prices up, but fewer buyers closed
The Real Estate Data Aggregator counted 49 homes sold in ZIP 97221. That is down 19.7% from the same three months in 2025.
Still, the median sale price rose 9.2% to $846,500. Homes that did sell moved faster. The median days on market fell 6 days shorter than a year ago, to 25 days.
Supply grew. The Real Estate Data Aggregator counted 68 homes for sale, up 19.3% from a year before. Months of supply rose 1.4 months to 4.3 months. More choices for buyers, but prices held.
About 40.4% of homes in 97221 went under contract within two weeks of listing, per the Real Estate Data Aggregator. That share rose 13.3 points from a year ago. Serious buyers moved quickly when they found the right home.
97225: More sales, lower prices, faster moves
The Real Estate Data Aggregator counted 92 homes sold in ZIP 97225. That is up 15% from the same three months in 2025.
The median sale price fell 9.1% to $720,000. Not every seller got what they hoped. But homes moved. The median days on market was 18 days, which is 9 days shorter than a year ago.
Inventory tightened. The Real Estate Data Aggregator counted 88 homes for sale, down 19.3% from a year before. Months of supply dropped 1.3 months to 2.9 months.
Nearly 3 in 10 homes in 97225 sold above list price, the Real Estate Data Aggregator found. That share was 29.4%, up 4.4 points from a year ago. Prices dipped, but competition for the right home was real.
What the wider market is doing
Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. The 15-year averaged 6.68%. Rates are a real factor for buyers right now.
Realtor.com reported mortgage rates topped 7% in September 2026, the first time since January 2025. That matters for how many buyers can qualify.
The National Association of Realtors reported existing-home sales rose 1.5% in September 2026, reaching 3.99 million units. September inventory rose to 1.60 million homes nationally.
Zillow reported newly pending home sales dropped 12.8% year over year on a rolling weekly basis as of October 23, 2026. Fewer buyers are signing contracts nationally right now.
The combined picture
Across both ZIP codes together, the Real Estate Data Aggregator counted 141 homes sold in the three months ending August 31, 2026. That is unchanged from a year before.
New listings across both ZIPs rose 14.6% to 180 homes. Pending sales across both ZIPs rose 2.1% to 145. The market kept moving, even as prices split.
- The Federal Housing Finance Agency said U.S.
- prices rose 2.6% year over year.
- In 97221, the Real Estate Data Aggregator found prices rose 9.2%.
- In 97225, they fell 9.1%.
- One broad number covers both.
- Neither homeowner should price from it.
One street can read very differently from the whole ZIP code. If you are on the border of 97221 and 97225, the numbers above may not tell your full story. Reply and I can look at what is closest to you.
Your next step
(503) 680-1440Text me your address and I will send back where your Raleigh Hills or Cedar Hills home sits against what actually sold near you this summer. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 97221 and 97225, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Zillow: The Rate Path Wildcard (October 2026 Housing Market Forecast), Oct 23, 2026
- Freddie Mac: Mortgage Rates, read Oct 25, 2026
- National Association of Realtors: Existing-Home Sales, read Oct 25, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: U.S. Home Prices Ticked Up 0.25% in September, Oct 20, 2026