Is East 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, East Portland has remained a Seller's Market.
Housing Prices in East Portland, OR
How much do homes in East Portland, OR cost?
Median Sold Price
$422,351
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Portland was $422,351 in April 2024, down 0.6% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $209.7K | +10.4% |
2 Bedrooms | $345K | $329.9K | -4.4% |
3 Bedrooms | $419.9K | $424.6K | +1.1% |
4 Bedrooms | $499.9K | $500K | 0.0% |
5+ Bedrooms | $577.5K | $562.5K | -2.6% |
Summary: East Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in East Portland, OR
How many homes are available in East Portland, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
414 | 460 | +11.1% |
Summary: The East Portland real estate market had 460 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 74 | 91 | +23.0% |
3 Bedrooms | 204 | 213 | +4.4% |
4 Bedrooms | 78 | 103 | +32.1% |
5+ Bedrooms | 52 | 48 | -7.7% |
Summary: The East Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 119 | +20.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in East Portland in April 2024, up by 20.2% month-over-month. Of the 119 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for East Portland, OR
How long does it take to sell a home in East Portland, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 44 Days | +14.5% |
Summary: Homes in East Portland had an average of 44 days on market in Apr 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 119 homes were sold in East Portland; 71% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.