Is West Portland Park, 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, West Portland Park has remained a Seller's Market.
Key Takeaway
West Portland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Portland Park, OR
How much do homes in West Portland Park, OR cost?
Median Sold Price
$525,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Portland Park have sold for 3% less than they did a year ago.
Summary: The median home sold price in West Portland Park was $525,000 in April 2024, down 3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $369K | N/A |
| 2 Bedrooms | $270K | $248.7K | -7.9% |
| 3 Bedrooms | $535K | $540K | +0.9% |
| 4 Bedrooms | $650K | $637.2K | -2.0% |
| 5+ Bedrooms | $816.5K | $687.5K | -15.8% |
Summary: West Portland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 15.8%.
Housing Supply in West Portland Park, OR
How many homes are available in West Portland Park, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The West Portland Park real estate market had 20 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Portland Park 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 increased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Portland Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in West Portland Park in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for West Portland Park, OR
How long does it take to sell a home in West Portland Park, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 31 Days | +808.6% |
Summary: Homes in West Portland Park had an average of 31 days on market in Apr 2024, up by 808.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Portland Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in West Portland Park; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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