Is Old Town-Chinatown, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Old Town-Chinatown has remained a Buyer's Market.
Key Takeaway
Old Town-Chinatown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Town-Chinatown, OR
How much do homes in Old Town-Chinatown, OR cost?
Median Sold Price
$257,500
$279/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Old Town-Chinatown have sold for 1.5% less than they did a month ago.
Summary: The median home sold price in Old Town-Chinatown was $257,500 in April 2024, down 1.5% from last month, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.7K | $230K | -3.2% |
| 2 Bedrooms | $285K | $285K | 0.0% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Old Town-Chinatown housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Old Town-Chinatown | $261.3K | $257.5K | -1.5% |
| McCormick Pier Condo | $285K | $257.5K | -9.6% |
Housing Supply in Old Town-Chinatown, OR
How many homes are available in Old Town-Chinatown, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Old Town-Chinatown real estate market had 24 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Town-Chinatown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Town-Chinatown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Old Town-Chinatown in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Town-Chinatown, OR
How long does it take to sell a home in Old Town-Chinatown, OR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 211 Days | +1010.5% |
Summary: Homes in Old Town-Chinatown had an average of 211 days on market in Apr 2024, up by 1010.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Old Town-Chinatown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Old Town-Chinatown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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