Is Portland West, 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 West was a Seller's Market.
Housing Prices in Portland West, OR
How much do homes in Portland West, OR cost?
Median Sold Price
$624,908
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Portland West was $624,908 in March 2024, down 1.4% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329.5K | $305K | -7.4% |
2 Bedrooms | $485K | $479K | -1.2% |
3 Bedrooms | $673.3K | $648.6K | -3.7% |
4 Bedrooms | $932.4K | $910K | -2.4% |
5+ Bedrooms | $1.1M | $1.0M | -11.5% |
Summary: Portland West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
Rockcreek | $612.9K | $634.6K | +3.5% |
Skyline | $661.4K | $680K | +2.8% |
Lake Oswego | $862.5K | $883K | +2.4% |
Portland | $536.7K | $539.4K | 0.5% |
Portland West | $633.4K | $624.9K | -1.4% |
Housing Supply in Portland West, OR
How many homes are available in Portland West, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,485 | 1,618 | +9.0% |
Summary: The Portland West real estate market had 1,618 homes for sale in March 2024, a 9.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 344 | 372 | +8.1% |
2 Bedrooms | 441 | 481 | +9.1% |
3 Bedrooms | 292 | 313 | +7.2% |
4 Bedrooms | 256 | 284 | +10.9% |
5+ Bedrooms | 152 | 168 | +10.5% |
Summary: The Portland West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 112 | +16.7% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Portland West in March 2024, up by 16.7% month-over-month. Of the 112 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Portland West, OR
How long does it take to sell a home in Portland West, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 54 Days | +22.5% |
Summary: Homes in Portland West had an average of 54 days on market in Mar 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 112 homes were sold in Portland West; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.