$6,709 Closing Credit*
$565,000
2,244 SqFt
3 Beds
•2 Full Baths
Dale Carstensen, Listing Office: Urban Nest Realty
Is Southeast Portland, 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, Southeast Portland has remained a Seller's Market.
Key Takeaway
Southeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Portland, OR
How much do homes in Southeast Portland, OR cost?
Median Sold Price
$535,102
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,887(-2.7%)
Key Takeaway
Homes in Southeast Portland have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Southeast Portland was $535,102 in October 2024, down 2.7% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327K | $325K | -0.6% |
| 2 Bedrooms | $430K | $415K | -3.5% |
| 3 Bedrooms | $562K | $555K | -1.2% |
| 4 Bedrooms | $698.2K | $704.6K | +0.9% |
| 5+ Bedrooms | $891.6K | $866.2K | -2.8% |
Summary: Southeast Portland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in Southeast Portland, OR
How many homes are available in Southeast Portland, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 677 | 728 | +7.5% |
Summary: The Southeast Portland real estate market had 728 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 20 | +25.0% |
| 2 Bedrooms | 214 | 217 | +1.4% |
| 3 Bedrooms | 262 | 281 | +7.3% |
| 4 Bedrooms | 126 | 142 | +12.7% |
| 5+ Bedrooms | 59 | 68 | +15.3% |
Summary: The Southeast Portland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 192 | +60.0% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Portland, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 192 homes were sold or pending in Southeast Portland in October 2024, up by 60.0% month-over-month. Of the 192 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for Southeast Portland, OR
How long does it take to sell a home in Southeast Portland, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +60.4% |
Summary: Homes in Southeast Portland had an average of 41 days on market in Oct 2024, up by 60.4% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 192 homes were sold in Southeast Portland; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% 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.