Is Multnomah County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Multnomah County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Multnomah County has remained a Seller's Market.

Key Takeaway

Multnomah County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Multnomah County, OR cost?

Median Sold Price

$542,000

$335/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$16,993(+3.2%)

Key Takeaway

Homes in Multnomah County have sold for 3.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 $320K$332.5K
+3.9%
2 $450K$469.6K
+4.4%
3 $535K$525K
-1.9%
4 $639.7K$700K
+9.4%
5+ $760K$862K
+13.4%

Median Sold Price Compared To Nearby Counties

Washington County
+3.7%
Multnomah County
+3.2%
Clackamas County
+2.7%
Hood River County
+2.7%

How many homes are available in Multnomah County, OR?

Number of Homes For Sale

Mar 2022Apr 2022%
3,0763,203+4.1%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 233241
+3.4%
2 763782
+2.5%
3 1,2851,315
+2.3%
4 595640
+7.6%
5+ 200225
+12.5%

Number of Homes Sold

Mar 2022Apr 2022%
1,1251,051-6.6%

Asking Price vs. Sold Price

179 Homes Were Sold
Under Asking

138 Homes Were Sold
At Asking

734 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Multnomah County, you could pay more than the asking price. 69.8% of homes here sold above asking price last month.

Average Sale Time

Mar 2022Apr 2022%
22 Days16 Days-26.4%

Breakdown of Home Sale Times

922 Homes Were Sold
Under 30 Days

89 Homes Were Sold
In 30 - 90 Days

40 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Multnomah County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Multnomah County, OR

Multnomah County, OR has 3,203 homes for sale to choose from. The number of listings in Multnomah County, OR increased by 4.1% between March 2022 and April 2022. Listings spent 16 days on the market in April 2022, and had a median list price of $542,000 during the same period. Listing prices have changed in this real estate market between April 2021 and April 2022: prices of 1 bedroom properties increased by 3.9%, 2 bedrooms properties prices increased by 4.4%, the cost of 3 bedrooms properties went down by 1.9%, prices of 4 bedrooms properties went up by 9.4%, prices of 5 bedrooms properties increased by 13.4%. This housing market inventory have changed: number of 1 bedroom homes increased by 3.4%, 2 bedrooms homes became 2.5% more available, number of 3 bedrooms homes increased by 2.3%, number of 4 bedrooms homes increased by 7.6%, 5 bedrooms homes became 12.5% more available. While more than 734 listings in Multnomah County, OR in April 2022 were sold above asking price, there were more than 138 listings sold at asking price, and more than 179 were sold below.

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