Is Pearl District, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pearl District was a Neutral Market.
Key Takeaway
Pearl District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pearl District, OR
How much do homes in Pearl District, OR cost?
Median Sold Price
$461,750
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pearl District have sold for 5% less than they did a year ago.
Summary: The median home sold price in Pearl District was $461,750 in April 2024, down 5% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $372.2K | -5.8% |
| 2 Bedrooms | $715K | $760K | +6.3% |
| 3 Bedrooms | $1.0M | $1.1M | +18.2% |
| 4 Bedrooms | - | $3.1M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pearl District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Pearl District, OR
How many homes are available in Pearl District, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 172 | +12.4% |
Summary: The Pearl District real estate market had 172 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 81 | 96 | +18.5% |
| 2 Bedrooms | 61 | 64 | +4.9% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pearl District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pearl District, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Pearl District in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Pearl District, OR
How long does it take to sell a home in Pearl District, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 82 Days | +27.2% |
Summary: Homes in Pearl District had an average of 82 days on market in Apr 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pearl District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Pearl District; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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