$7,066 Closing Credit*
$595,000
1,560 SqFt
2 Beds
•2 Full Baths
Genie Shook, Listing Office: John L Scott Portland SW
Is Northwest District, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Northwest District was a Seller's Market.
Key Takeaway
Northwest District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest District, OR
How much do homes in Northwest District, OR cost?
Median Sold Price
$532,500
$410/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,050(+21.7%)
Key Takeaway
Homes in Northwest District have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in Northwest District was $532,500 in October 2024, up 21.7% from last year, and the median price per square foot was $410.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $235K | -6.0% |
| 2 Bedrooms | $578.7K | $630K | +8.9% |
| 3 Bedrooms | $785K | $685K | -12.7% |
| 4 Bedrooms | $940K | $974.5K | +3.7% |
| 5+ Bedrooms | $902.5K | $1.1M | +23.0% |
Summary: Northwest District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest District | $437.4K | $532.5K | +21.7% |
| King's Second Addition | $479K | $295K | -38.4% |
Housing Supply in Northwest District, OR
How many homes are available in Northwest District, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Northwest District real estate market had 60 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 29 | +16.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Northwest District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest District, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northwest District in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Northwest District, OR
How long does it take to sell a home in Northwest District, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 129 Days | 52 Days | -59.6% |
Summary: Homes in Northwest District had an average of 52 days on market in Oct 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest District are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Northwest District; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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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.