Is Southeast 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, Southeast Portland has remained a Seller's Market.
Key Takeaway
Southeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Portland, OR
How much do homes in Southeast Portland, OR cost?
Median Sold Price
$543,340
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southeast Portland have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Southeast Portland was $543,340 in April 2024, down 3.9% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.4K | $325K | -2.5% |
| 2 Bedrooms | $445K | $428.4K | -3.7% |
| 3 Bedrooms | $569K | $569.8K | 0.1% |
| 4 Bedrooms | $733.7K | $692.2K | -5.7% |
| 5+ Bedrooms | $849.9K | $900K | +5.9% |
Summary: Southeast Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in Southeast Portland, OR
How many homes are available in Southeast Portland, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 474 | 585 | +23.4% |
Summary: The Southeast Portland real estate market had 585 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 16 | -20.0% |
| 2 Bedrooms | 163 | 198 | +21.5% |
| 3 Bedrooms | 169 | 215 | +27.2% |
| 4 Bedrooms | 77 | 109 | +41.6% |
| 5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Southeast Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 126 | +1.6% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Portland, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.
Summary: A total of 126 homes were sold or pending in Southeast Portland in April 2024, up by 1.6% month-over-month. Of the 126 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for Southeast Portland, OR
How long does it take to sell a home in Southeast Portland, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +31.8% |
Summary: Homes in Southeast Portland had an average of 29 days on market in Apr 2024, up by 31.8% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 126 homes were sold in Southeast Portland; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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