$2,672 Closing Credit*
$225,000
542 SqFt
1 Bed
•1 Full Bath
Josh Reiter, Listing Office: Josh Reiter Real Estate
Is Northeast 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, Northeast Portland has remained a Seller's Market.
Key Takeaway
Northeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Portland, OR
How much do homes in Northeast Portland, OR cost?
Median Sold Price
$647,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,750(+1.8%)
Key Takeaway
Homes in Northeast Portland have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Northeast Portland was $647,000 in November 2024, up 1.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $293.7K | $283.5K | -3.5% |
| 2 Bedrooms | $455K | $446K | -2.0% |
| 3 Bedrooms | $607.3K | $650K | +7.0% |
| 4 Bedrooms | $825K | $800K | -3.0% |
| 5+ Bedrooms | $1.0M | $989K | -1.8% |
Summary: Northeast Portland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Vernon | $559.9K | $625K | +11.6% |
| Northeast Portland | $635.2K | $647K | +1.8% |
Housing Supply in Northeast Portland, OR
How many homes are available in Northeast Portland, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 260 | 231 | -11.2% |
Summary: The Northeast Portland real estate market had 231 homes for sale in November 2024, a 11.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 81 | 78 | -3.7% |
| 3 Bedrooms | 95 | 82 | -13.7% |
| 4 Bedrooms | 54 | 40 | -25.9% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Northeast Portland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Portland, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Northeast Portland in November 2024, up by 6.9% month-over-month. Of the 62 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% were sold over asking.
Days on Market for Northeast Portland, OR
How long does it take to sell a home in Northeast Portland, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +5.3% |
Summary: Homes in Northeast Portland had an average of 32 days on market in Nov 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 62 homes were sold in Northeast Portland; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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.