Is Portland East, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Portland East was a Seller's Market.
Housing Prices in Portland East, OR
How much do homes in Portland East, OR cost?
Median Sold Price
$495,171
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Portland East was $495,171 in March 2024, down 3.9% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.9K | $290.7K | -3.1% |
2 Bedrooms | $419.1K | $401K | -4.3% |
3 Bedrooms | $509.8K | $499.8K | -2.0% |
4 Bedrooms | $647.2K | $646.8K | -0.1% |
5+ Bedrooms | $760K | $794.8K | +4.6% |
Summary: Portland East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Portland East, OR
How many homes are available in Portland East, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,333 | 2,528 | +8.4% |
Summary: The Portland East real estate market had 2,528 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 98 | 109 | +11.2% |
2 Bedrooms | 656 | 708 | +7.9% |
3 Bedrooms | 878 | 957 | +9.0% |
4 Bedrooms | 466 | 504 | +8.2% |
5+ Bedrooms | 235 | 250 | +6.4% |
Summary: The Portland East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
266 | 330 | +24.1% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
148 Homes Were Sold
Over Asking
Summary: A total of 330 homes were sold or pending in Portland East in March 2024, up by 24.1% month-over-month. Of the 330 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Portland East, OR
How long does it take to sell a home in Portland East, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 42 Days | +1.6% |
Summary: Homes in Portland East had an average of 42 days on market in Mar 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
204 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Summary: During March 2024, 330 homes were sold in Portland East; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.