Is Portland West, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Portland West was a Seller's Market.
Housing Prices in Portland West, OR
How much do homes in Portland West, OR cost?
Median Sold Price
$625,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324.9K | $305K | -6.1% |
2 Bedrooms | $485K | $475K | -2.1% |
3 Bedrooms | $662.8K | $650K | -1.9% |
4 Bedrooms | $925K | $918.3K | -0.7% |
5+ Bedrooms | $1.1M | $1.0M | -4.2% |
Summary: Portland West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Skyline | $640K | $680K | +6.3% |
Rockcreek | $612.6K | $643K | +5.0% |
Lake Oswego | $870K | $888.6K | +2.1% |
Portland | $535.6K | $537.4K | 0.3% |
Portland West | $625.1K | $625K | 0% |
Housing Supply in Portland West, OR
How many homes are available in Portland West, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
839 | 1,028 | +22.5% |
Summary: The Portland West real estate market had 1,028 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 198 | 223 | +12.6% |
2 Bedrooms | 257 | 292 | +13.6% |
3 Bedrooms | 165 | 228 | +38.2% |
4 Bedrooms | 139 | 175 | +25.9% |
5+ Bedrooms | 80 | 110 | +37.5% |
Summary: The Portland West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 144 | +12.5% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in Portland West in April 2024, up by 12.5% month-over-month. Of the 144 sold homes, 53% were sold under asking, 18% were sold at asking, and 28% were sold over asking.
Days on Market for Portland West, OR
How long does it take to sell a home in Portland West, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 50 Days | +15.2% |
Summary: Homes in Portland West had an average of 50 days on market in Apr 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 144 homes were sold in Portland West; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.