Is North 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, North Portland has remained a Seller's Market.
Key Takeaway
North Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Portland, OR
How much do homes in North Portland, OR cost?
Median Sold Price
$474,950
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Portland have sold for 5% less than they did a year ago.
Summary: The median home sold price in North Portland was $474,950 in April 2024, down 5% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $290K | +1.8% |
| 2 Bedrooms | $416.6K | $394.9K | -5.2% |
| 3 Bedrooms | $510.1K | $497.5K | -2.5% |
| 4 Bedrooms | $615K | $610K | -0.8% |
| 5+ Bedrooms | $715K | $799.5K | +11.8% |
Summary: North Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in North Portland, OR
How many homes are available in North Portland, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 291 | 366 | +25.8% |
Summary: The North Portland real estate market had 366 homes for sale in April 2024, a 25.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 28 | +16.7% |
| 2 Bedrooms | 116 | 130 | +12.1% |
| 3 Bedrooms | 97 | 122 | +25.8% |
| 4 Bedrooms | 42 | 68 | +61.9% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The North Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 81 | +37.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Portland, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in North Portland in April 2024, up by 37.3% month-over-month. Of the 81 sold homes, 19% were sold under asking, 25% were sold at asking, and 57% were sold over asking.
Days on Market for North Portland, OR
How long does it take to sell a home in North Portland, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +58.7% |
Summary: Homes in North Portland had an average of 39 days on market in Apr 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Portland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 81 homes were sold in North Portland; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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