Is Central Northeast Portland, 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, Central Northeast Portland has remained a Seller's Market.
Key Takeaway
Central Northeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Northeast Portland, OR
How much do homes in Central Northeast Portland, OR cost?
Median Sold Price
$528,300
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Northeast Portland have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Central Northeast Portland was $528,300 in April 2024, down 3.9% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $335K | +9.8% |
| 2 Bedrooms | $425K | $425.5K | 0.1% |
| 3 Bedrooms | $558.3K | $548.1K | -1.8% |
| 4 Bedrooms | $671K | $711.5K | +6.0% |
| 5+ Bedrooms | $875K | $744.5K | -14.9% |
Summary: Central Northeast Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 14.9%.
Housing Supply in Central Northeast Portland, OR
How many homes are available in Central Northeast Portland, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 165 | +13.8% |
Summary: The Central Northeast Portland real estate market had 165 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 45 | 54 | +20.0% |
| 3 Bedrooms | 64 | 68 | +6.3% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Central Northeast Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Northeast Portland, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in Central Northeast Portland in April 2024, the same as the previous month. Of the 51 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Central Northeast Portland, OR
How long does it take to sell a home in Central Northeast Portland, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +12.6% |
Summary: Homes in Central Northeast Portland had an average of 32 days on market in Apr 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Northeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in Central Northeast Portland; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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