Is North 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, North Portland has remained a Seller's Market.
Housing Prices in North Portland, OR
How much do homes in North Portland, OR cost?
Median Sold Price
$474,950
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Portland was $474,950 in April 2024, down 5% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $290K | +1.8% |
2 Bedrooms | $416.6K | $394.9K | -5.2% |
3 Bedrooms | $510.1K | $497.5K | -2.5% |
4 Bedrooms | $615K | $610K | -0.8% |
5+ Bedrooms | $715K | $799.5K | +11.8% |
Summary: North Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in North Portland, OR
How many homes are available in North Portland, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
291 | 366 | +25.8% |
Summary: The North Portland real estate market had 366 homes for sale in April 2024, a 25.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 28 | +16.7% |
2 Bedrooms | 116 | 130 | +12.1% |
3 Bedrooms | 97 | 122 | +25.8% |
4 Bedrooms | 42 | 68 | +61.9% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The North Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 81 | +37.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in North Portland in April 2024, up by 37.3% month-over-month. Of the 81 sold homes, 19% were sold under asking, 25% were sold at asking, and 57% were sold over asking.
Days on Market for North Portland, OR
How long does it take to sell a home in North Portland, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 39 Days | +58.7% |
Summary: Homes in North Portland had an average of 39 days on market in Apr 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 81 homes were sold in North Portland; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.