New - 2 days on Rocket
$10,000 Closing Credit¹
#780286487, Gina Nguyen, Listing Office: iStar Realty LLC
Central Northeast Portland Housing Market Report February 2025•Multnomah County, Oregon
Housing Prices in Central Northeast Portland, OR
How much do homes in Central Northeast Portland, OR cost?
Housing Market Conditions
Is Central Northeast Portland, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Central Northeast Portland is a Seller's Market
Difference Since February 2024
Since last year, Central Northeast Portland has remained a Seller's Market.
Insight
Central Northeast Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$517,144$309/SqFt
-$20,855
-3.9%
Based on all homes sold in the last 12 months
Insight
Homes in Central Northeast Portland have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Central Northeast Portland was $517,144 in February 2025, down 3.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $320K | $329.5K | +3.0% |
| 22 Bedrooms | $430K | $394.7K | -8.2% |
| 33 Bedrooms | $550K | $549.6K | -0.1% |
| 44 Bedrooms | $705K | $650K | -7.8% |
| 55+ Bedrooms | $770K | $866.5K | +12.5% |
Summary: Central Northeast Portland housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.0%. The home price for 2 bedroom homes decreased by -8.2%. The home price for 3 bedroom homes decreased by -0.1%. The home price for 4 bedroom homes decreased by -7.8%. The home price for 5 bedroom homes increased by +12.5%.
Housing supply in Central Northeast Portland, OR
How many homes are available in Central Northeast Portland, OR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 113Last MonthFeb 2025 | ||
| 1192 months agoJan 2025 | -5.0 % Change MoMJan – Feb |
Summary: The Central Northeast Portland real estate market had 113 homes for sale in Feb 2025, a 5.0 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthFeb 2025 | ||
| 302 months agoJan 2025 | -16.7 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 42 | 34 | -19.0% |
| 44 Bedrooms | 21 | 25 | +19.0% |
| 55+ Bedrooms | 4 | 5 | +25.0% |
| 11 Bedroom | 1 | 3 | +200.0% |
| 33 Bedrooms | 51 | 46 | -9.8% |
Summary: Central Northeast Portland housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes decreased by -19.0%. The inventory for 4 bedroom homes increased by +19.0%. The inventory for 5 bedroom homes increased by +25.0%. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 3 bedroom homes decreased by -9.8%.
Asking Price vs. Sold Price
How much do homes in Central Northeast Portland, OR cost?
Over Asking Price12 Homes
At Asking Price5 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in Central Northeast Portland, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Central Northeast Portland in February 2025, down by 16.7% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and and 48% were sold over asking.
Days on Market for Central Northeast Portland, OR
How long does it take to sell a home in Central Northeast Portland, OR?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days6 Homes
Over 90 Days6 Homes
Insight
Many homes in Central Northeast Portland are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 25 homes were sold in Central Northeast Portland; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 51 DaysThis YearFeb 2025 | ||
| 41 Days1 year agoFeb 2024 | +25.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Central Northeast Portland had an average listing age of 51 days in Feb 2025, up by 25.2% compared to the previous year.
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Newest Listings in Central Northeast Portland, OR
What homes are available in Central Northeast Portland, OR?
New - 2 days on Rocket
$8,016 Closing Credit¹
#207761157, Christopher Lancefield, Danielle Burkhardt, Listing Office: Lancefield Realty
New - 3 days on Rocket3D tour
$8,170 Closing Credit¹
#290936869, Aaron Rader, Listing Office: Redfin
New - 3 days on Rocket
$8,479 Closing Credit¹
#765530365, Tracy Davis-Sharp, Listing Office: Realty One Group Prestige
New - 3 days on Rocket
$7,778 Closing Credit¹
#735351408, Melinda Hood, Listing Office: MORE Realty
New - 5 days on Rocket
$7,113 Closing Credit¹
#340361972, Paris Fettig, Listing Office: Premiere Property Group, LLC
$10,000 Closing Credit¹
#689187506, Susie Hunt Moran, Josue Velasquez, Listing Office: Windermere Realty Trust
$6,888 Closing Credit¹
#305133174, Jan Stranski, P.C., Listing Office: Windermere Realty Trust
$4,572 Closing Credit¹
#289118766, Kristen Robison, Rushie Ellenwood, Listing Office: Neighborhood Works
$5,688 Closing Credit¹
#288529011, Vessal Zarghami, Listing Office: Stumptown Realty
3D tour
$6,193 Closing Credit¹
#601521216, Seth Prickett, Jacob Potkin, Listing Office: MORE Realty
Video tour
$10,000 Closing Credit¹
#693744167, Suzanne Goddyn, Kaylie Shults, Listing Office: Windermere Realty Trust
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MLS Disclaimers and Copyright
Based on information from Regional Multiple Listing Service, for the period 03/01/2023 - 03/01/2025
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 © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.