$2,523 Closing Credit*
$212,500
528 SqFt
Studio
•1 Full Bath
Timothy Manickam, Listing Office: Fathom Realty Oregon, LLC
Is Pearl 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, Pearl District was a Seller's Market.
Key Takeaway
Pearl District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pearl District, OR
How much do homes in Pearl District, OR cost?
Median Sold Price
$480,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.6%)
Key Takeaway
Homes in Pearl District have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Pearl District was $480,000 in October 2024, up 1.6% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $373.5K | $389K | +4.1% |
| 2 Bedrooms | $675K | $730K | +8.1% |
| 3 Bedrooms | $1.4M | $912.5K | -34.8% |
| 4 Bedrooms | $5.0M | $1.1M | -76.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Pearl District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 76.6%, and 5+ bedroom homes did not change.
Housing Supply in Pearl District, OR
How many homes are available in Pearl District, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 179 | +11.9% |
Summary: The Pearl District real estate market had 179 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 96 | 108 | +12.5% |
| 2 Bedrooms | 57 | 62 | +8.8% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pearl District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pearl District, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Pearl District in October 2024, up by 150.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Pearl District, OR
How long does it take to sell a home in Pearl District, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 107 Days | +63.3% |
Summary: Homes in Pearl District had an average of 107 days on market in Oct 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pearl District are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in Pearl District; 13% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 60% 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.