New - 12 hours on Rocket3D tour
$4,738 Closing Credit¹
Josh Halemeier, James Cardarelli, Listing Office: Keller Williams Sunset Corridor
North Portland Housing Market Report December 2024•Multnomah County, Oregon
Housing Prices in North Portland, OR
How much do homes in North Portland, OR cost?
Housing Market Conditions
Is North Portland, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
North Portland is a Seller's Market
Difference Since December 2023
Since last year, North Portland has remained a Seller's Market.
Insight
North Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$468,333$308/SqFt
-$6,661
-1.4%
Based on all homes sold in the last 12 months
Insight
Homes in North Portland have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in North Portland was $468,333 in December 2024, down 1.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $270K | $295K | +9.3% |
| 22 Bedrooms | $401K | $378.4K | -5.6% |
| 33 Bedrooms | $490K | $499.9K | +2.0% |
| 44 Bedrooms | $615K | $596.9K | -2.9% |
| 55+ Bedrooms | $748.9K | $675K | -9.9% |
Summary: North Portland housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +9.3%. The home price for 2 bedroom homes decreased by -5.6%. The home price for 3 bedroom homes increased by +2.0%. The home price for 4 bedroom homes decreased by -2.9%. The home price for 5 bedroom homes decreased by -9.9%.
Housing supply in North Portland, OR
How many homes are available in North Portland, OR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 305Last MonthDec 2024 | ||
| 3562 months agoNov 2024 | -14.3 % Change MoMNov – Dec |
Summary: The North Portland real estate market had 305 homes for sale in Dec 2024, a 14.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 75Last MonthDec 2024 | ||
| 842 months agoNov 2024 | -10.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 17 | 17 | 0.0% |
| 22 Bedrooms | 117 | 112 | -4.3% |
| 33 Bedrooms | 138 | 111 | -19.6% |
| 44 Bedrooms | 64 | 46 | -28.1% |
| 55+ Bedrooms | 20 | 19 | -5.0% |
Summary: North Portland housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -4.3%. The inventory for 3 bedroom homes decreased by -19.6%. The inventory for 4 bedroom homes decreased by -28.1%. The inventory for 5 bedroom homes decreased by -5.0%.
Asking Price vs. Sold Price
How much do homes in North Portland, OR cost?
Over Asking Price25 Homes
At Asking Price16 Homes
Under Asking Price34 Homes
Insight
If you're buying a home in North Portland, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in North Portland in December 2024, down by 10.7% month-over-month. Of the 75 sold homes, 45% were sold under asking, 21% were sold at asking, and and 33% were sold over asking.
Days on Market for North Portland, OR
How long does it take to sell a home in North Portland, OR?
Breakdown of Home Sale Times
Under 30 Days31 Homes
30 – 90 Days25 Homes
Over 90 Days19 Homes
Insight
Many homes in North Portland are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 75 homes were sold in North Portland; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 61 DaysThis YearDec 2024 | ||
| 35 Days1 year agoDec 2023 | +74.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in North Portland had an average listing age of 61 days in Dec 2024, up by 74.3% compared to the previous year.
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Newest Listings in North Portland, OR
What homes are available in North Portland, OR?
New - 13 hours on Rocket
$4,738 Closing Credit¹
Jennifer Johnston, Listing Office: eXp Realty, LLC
New - 1 day on Rocket
$4,738 Closing Credit¹
Elizabeth Berg, Listing Office: United Real Estate Properties
New - 1 day on RocketVideo tour
$5,818 Closing Credit¹
Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
New - 1 day on Rocket
$5,936 Closing Credit¹
Bryn Lindekugel, Listing Office: Suntree Inc., Realtors
New - 3 days on Rocket3D tour
$3,028 Closing Credit¹
Michelle Palmquist, Listing Office: Redfin
New - 3 days on Rocket3D tour
$2,909 Closing Credit¹
Michelle Palmquist, Listing Office: Redfin
New - 4 days on Rocket3D tour
$3,918 Closing Credit¹
Thomas Hall, Listing Office: Paris Group Realty LLC
New - 5 days on Rocket
$8,905 Closing Credit¹
Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
New - 5 days on Rocket
Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
New - 5 days on Rocket
$5,807 Closing Credit¹
Jacqueline Smith, Kaylyn Palmer, Listing Office: Keller Williams Premier Partners
New - 5 days on Rocket3D tour
$4,453 Closing Credit¹
Kimberly Parmon, Listing Office: Living Room Realty
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MLS Disclaimers and Copyright
Based on information from Regional Multiple Listing Service, for the period 01/01/2023 - 01/01/2025
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: 1/22/2025, 12:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.