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.

6168 SE 24th St, Gresham, OR 97080

6168 SE 24th St, Gresham, OR 97080

$546,900
2,061 SqFt
3 Bedrooms
~$2,450/mo.*2 Full Baths, 1 Partial
#22066211Listing Office:
Lennar Sales CorpMLS logo
Address Not Disclosed, Portland, OR 97213

Address Not Disclosed, Portland, OR 97213

$550,000
1,506 SqFt
3 Bedrooms
~$2,450/mo.*2 Full Baths, 1 Partial
#22667067Listing Office:
Think Real EstateMLS logo
829 NE 188th Ave, Portland, OR 97230

829 NE 188th Ave, Portland, OR 97230

$486,000
1,140 SqFt
3 Bedrooms
~$2,200/mo.*1 Full Bath, 1 Partial
#22341837Listing Office:
Keller Williams PDX CentralMLS logo
4217 S Kelly Ave, Portland, OR 97239

4217 S Kelly Ave, Portland, OR 97239

$850,000
3,324 SqFt
3 Bedrooms
~$3,800/mo.*2 Full Baths
#22107432Listing Office:
Windermere Realty TrustMLS logo
3032 N Watts St, Portland, OR 97217

3032 N Watts St, Portland, OR 97217

$1,095,000
3,180 SqFt
5 Bedrooms
~$4,900/mo.*3 Full Baths, 1 Partial
#22515991Listing Office:
eXp Realty, LLCMLS logo
4711 NE 31st Ave, Portland, OR 97211

4711 NE 31st Ave, Portland, OR 97211

$399,000
3,161 SqFt
4 Bedrooms
~$1,800/mo.*1 Full Bath
#22317058Listing Office:
Premiere Property Group, LLCMLS logo
5000 SE Regner Rd, Gresham, OR 97080

5000 SE Regner Rd, Gresham, OR 97080

$995,000
2,370 SqFt
4 Bedrooms
~$4,450/mo.*2 Full Baths
#22419940Listing Office:
Keller Williams Realty Portland PremiereMLS logo
1508 SE Althaus Dr, Troutdale, OR 97060

1508 SE Althaus Dr, Troutdale, OR 97060

$525,000
1,630 SqFt
3 Bedrooms
~$2,350/mo.*2 Full Baths, 1 Partial
#22211739Listing Office:
Windermere/Sandy Real EstateMLS logo
5626 SW Coronado St, Portland, OR 97219

5626 SW Coronado St, Portland, OR 97219

$849,950
2,524 SqFt
4 Bedrooms
~$3,800/mo.*2 Full Baths, 1 Partial
#22076311Listing Office:
Windermere Realty GroupMLS logo
16680 SE Bush St, Portland, OR 97236

16680 SE Bush St, Portland, OR 97236

$469,900
1,600 SqFt
4 Bedrooms
~$2,100/mo.*2 Full Baths
#22402404Listing Office:
Location RealtyMLS logo
3407 SE 71st Ave, Portland, OR 97206

3407 SE 71st Ave, Portland, OR 97206

$749,900
2,628 SqFt
5 Bedrooms
~$3,350/mo.*2 Full Baths
#22130740Listing Office:
Urban Nest RealtyMLS logo
6929 NE Alberta St, Portland, OR 97218

6929 NE Alberta St, Portland, OR 97218

$564,900
1,440 SqFt
3 Bedrooms
~$2,550/mo.*2 Full Baths
#22501085Listing Office:
Living Room RealtyMLS logo

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.

MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service for the period 03/01/2022 - 05/01/2022

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 9:20:44 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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