$5,463 Closing Credit*
$460,000
1,961 SqFt
2 Beds
•2 Full Baths
Jonathan Martinez, Listing Office: Real Broker
Is Portland East, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Portland East has remained a Seller's Market.
Key Takeaway
Portland East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portland East, OR
How much do homes in Portland East, OR cost?
Median Sold Price
$494,501
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$612(-0.1%)
Key Takeaway
The sold price of homes in Portland East has remained the same since last year.
Summary: The median home sold price in Portland East was $494,501 in October 2024, down 0.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $299K | +6.8% |
| 2 Bedrooms | $400.9K | $394.1K | -1.7% |
| 3 Bedrooms | $490K | $500.2K | +2.1% |
| 4 Bedrooms | $638.9K | $647.7K | +1.4% |
| 5+ Bedrooms | $770.2K | $751K | -2.5% |
Summary: Portland East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Portland East, OR
How many homes are available in Portland East, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,002 | 2,079 | +3.8% |
Summary: The Portland East real estate market had 2,079 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 72 | 78 | +8.3% |
| 2 Bedrooms | 589 | 581 | -1.4% |
| 3 Bedrooms | 817 | 847 | +3.7% |
| 4 Bedrooms | 372 | 402 | +8.1% |
| 5+ Bedrooms | 152 | 171 | +12.5% |
Summary: The Portland East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 378 | 452 | +19.6% |
Asking Price vs. Sold Price
154 Homes Were Sold
Under Asking
106 Homes Were Sold
At Asking
192 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portland East, you could pay more than the asking price. 42.5% of homes here sold above asking price last month.
Summary: A total of 452 homes were sold or pending in Portland East in October 2024, up by 19.6% month-over-month. Of the 452 sold homes, 34% were sold under asking, 23% were sold at asking, and 42% were sold over asking.
Days on Market for Portland East, OR
How long does it take to sell a home in Portland East, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +33.5% |
Summary: Homes in Portland East had an average of 40 days on market in Oct 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
267 Homes Were Sold
Under 30 Days
122 Homes Were Sold
In 30 - 90 Days
63 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portland East are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 452 homes were sold in Portland East; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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.