Is Portland East, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Portland East has remained a Seller's Market.
Housing Prices in Portland East, OR
How much do homes in Portland East, OR cost?
Median Sold Price
$494,359
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Portland East was $494,359 in April 2024, down 3.2% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $287.5K | -4.2% |
2 Bedrooms | $415K | $399.9K | -3.6% |
3 Bedrooms | $506.6K | $499.5K | -1.4% |
4 Bedrooms | $642.6K | $649.9K | +1.1% |
5+ Bedrooms | $760K | $798K | +5.0% |
Summary: Portland East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5%.
Housing Supply in Portland East, OR
How many homes are available in Portland East, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,491 | 1,809 | +21.3% |
Summary: The Portland East real estate market had 1,809 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 66 | 65 | -1.5% |
2 Bedrooms | 449 | 554 | +23.4% |
3 Bedrooms | 575 | 677 | +17.7% |
4 Bedrooms | 269 | 369 | +37.2% |
5+ Bedrooms | 132 | 144 | +9.1% |
Summary: The Portland East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
362 | 435 | +20.2% |
Asking Price vs. Sold Price
129 Homes Were Sold
Under Asking
95 Homes Were Sold
At Asking
211 Homes Were Sold
Over Asking
Summary: A total of 435 homes were sold or pending in Portland East in April 2024, up by 20.2% month-over-month. Of the 435 sold homes, 30% were sold under asking, 22% were sold at asking, and 49% were sold over asking.
Days on Market for Portland East, OR
How long does it take to sell a home in Portland East, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 36 Days | +20.2% |
Summary: Homes in Portland East had an average of 36 days on market in Apr 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
308 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
54 Homes Were Sold
Over 90 Days
Summary: During April 2024, 435 homes were sold in Portland East; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.