$5,522 Closing Credit*
$465,000
1,684 SqFt
3 Beds
•1 Full Bath
Heidi Settlemier, Listing Office: Alameda Realty LLC
Is Central Northeast Portland, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Central Northeast Portland has remained a Seller's Market.
Key Takeaway
Central Northeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Northeast Portland, OR
How much do homes in Central Northeast Portland, OR cost?
Median Sold Price
$519,300
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,366(-3.1%)
Key Takeaway
Homes in Central Northeast Portland have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Central Northeast Portland was $519,300 in October 2024, down 3.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | $290K | -12.8% |
| 2 Bedrooms | $425K | $420K | -1.2% |
| 3 Bedrooms | $537K | $555K | +3.4% |
| 4 Bedrooms | $713K | $642.5K | -9.9% |
| 5+ Bedrooms | $750K | $739K | -1.5% |
Summary: Central Northeast Portland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Central Northeast Portland, OR
How many homes are available in Central Northeast Portland, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 176 | 187 | +6.3% |
Summary: The Central Northeast Portland real estate market had 187 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 67 | 69 | +3.0% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Central Northeast Portland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Northeast Portland, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Central Northeast Portland in October 2024, up by 23.7% month-over-month. Of the 47 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.
Days on Market for Central Northeast Portland, OR
How long does it take to sell a home in Central Northeast Portland, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +18.4% |
Summary: Homes in Central Northeast Portland had an average of 25 days on market in Oct 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Northeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Central Northeast Portland; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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