$2,968 Closing Credit*
$249,900
800 SqFt
2 Beds
•1 Full Bath
Aleksander Koval, Listing Office: The Koval Group
Is East Portland, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Portland has remained a Seller's Market.
Key Takeaway
East Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Portland, OR
How much do homes in East Portland, OR cost?
Median Sold Price
$430,980
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,008(+3.9%)
Key Takeaway
Homes in East Portland have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in East Portland was $430,980 in November 2024, up 3.9% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $292.5K | +67.1% |
| 2 Bedrooms | $329.1K | $341.3K | +3.7% |
| 3 Bedrooms | $410.1K | $426.5K | +4.0% |
| 4 Bedrooms | $495.7K | $502.5K | +1.4% |
| 5+ Bedrooms | $565K | $557.4K | -1.3% |
Summary: East Portland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in East Portland, OR
How many homes are available in East Portland, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 505 | 443 | -12.3% |
Summary: The East Portland real estate market had 443 homes for sale in November 2024, a 12.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 6 | -45.5% |
| 2 Bedrooms | 87 | 76 | -12.6% |
| 3 Bedrooms | 249 | 232 | -6.8% |
| 4 Bedrooms | 109 | 85 | -22.0% |
| 5+ Bedrooms | 49 | 44 | -10.2% |
Summary: The East Portland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 10.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 97 | -4.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Portland, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in East Portland in November 2024, down by 4.9% month-over-month. Of the 97 sold homes, 41% were sold under asking, 28% were sold at asking, and 31% were sold over asking.
Days on Market for East Portland, OR
How long does it take to sell a home in East Portland, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 64 Days | +21.5% |
Summary: Homes in East Portland had an average of 64 days on market in Nov 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Portland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 97 homes were sold in East Portland; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.