$6,234 Closing Credit*
$525,000
2,026 SqFt
4 Beds
•3 Full Baths
Debbe Crawford, Listing Office: Keller Williams Realty Portland Premiere
Is West-Northwest Portland, 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, West-Northwest Portland was a Seller's Market.
Key Takeaway
West-Northwest Portland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West-Northwest Portland, OR
How much do homes in West-Northwest Portland, OR cost?
Median Sold Price
$550,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+6.8%)
Key Takeaway
Homes in West-Northwest Portland have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in West-Northwest Portland was $550,000 in November 2024, up 6.8% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $307.6K | -5.3% |
| 2 Bedrooms | $522.5K | $575K | +10.0% |
| 3 Bedrooms | $779.5K | $695K | -10.8% |
| 4 Bedrooms | $970K | $999.5K | +3.0% |
| 5+ Bedrooms | $1.1M | $1.1M | +1.0% |
Summary: West-Northwest Portland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| West-Northwest Portland | $515K | $550K | +6.8% |
| Forest Park | $1.0M | $1.0M | +4.6% |
Housing Supply in West-Northwest Portland, OR
How many homes are available in West-Northwest Portland, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 449 | 426 | -5.1% |
Summary: The West-Northwest Portland real estate market had 426 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 180 | 178 | -1.1% |
| 2 Bedrooms | 149 | 141 | -5.4% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 42 | 34 | -19.0% |
| 5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The West-Northwest Portland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 40 | -18.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West-Northwest Portland, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in West-Northwest Portland in November 2024, down by 18.4% month-over-month. Of the 40 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for West-Northwest Portland, OR
How long does it take to sell a home in West-Northwest Portland, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 135 Days | +213.5% |
Summary: Homes in West-Northwest Portland had an average of 135 days on market in Nov 2024, up by 213.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in West-Northwest Portland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 40 homes were sold in West-Northwest Portland; 33% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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