$5,759 Closing Credit*
$485,000
1,152 SqFt
2 Beds
•2 Full Baths
Marlon Bump, Listing Office: Century 21 North Homes Realty
Is Portland Downtown, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Portland Downtown was a Neutral Market.
Key Takeaway
Portland Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Portland Downtown, OR
How much do homes in Portland Downtown, OR cost?
Median Sold Price
$352,450
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,550(-4.7%)
Key Takeaway
Homes in Portland Downtown have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Portland Downtown was $352,450 in November 2024, down 4.7% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.7K | $255K | -3.3% |
| 2 Bedrooms | $414K | $475K | +14.7% |
| 3 Bedrooms | $530K | $525K | -0.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Portland Downtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pearl District | $475K | $475K | 0.0% |
| Buckman | $672.5K | $655K | -2.6% |
| Portland Downtown | $370K | $352.4K | -4.7% |
| Goose Hollow | $359.9K | $340K | -5.5% |
Housing Supply in Portland Downtown, OR
How many homes are available in Portland Downtown, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 99 | +2.1% |
Summary: The Portland Downtown real estate market had 99 homes for sale in November 2024, a 2.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 44 | +12.8% |
| 2 Bedrooms | 42 | 40 | -4.8% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Portland Downtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portland Downtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Portland Downtown in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Portland Downtown, OR
How long does it take to sell a home in Portland Downtown, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 248 Days | +513.7% |
Summary: Homes in Portland Downtown had an average of 248 days on market in Nov 2024, up by 513.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Portland Downtown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in Portland Downtown; 22% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 78% of homes were sold over 90 days.
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