Old Town-Chinatown Housing Market Report May 2025•Multnomah County, Oregon

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Housing Prices in Old Town-Chinatown, OR

How much do homes in Old Town-Chinatown, OR cost?

Housing Market Conditions

Is Old Town-Chinatown, OR a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Old Town-Chinatown is a Buyer's Market

Difference Since May 2024

Since last year, Old Town-Chinatown has remained a Buyer's Market.

Insight

Old Town-Chinatown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$225,500$276/SqFt
-$26,950
-10.7%

Based on all homes sold in the last 12 months

Insight

Homes in Old Town-Chinatown have sold for 10.7% less than they did a year ago.

Summary: The median home sold price in Old Town-Chinatown was $225,500 in May 2025, down 10.7% from last year, and the median price per square foot was $276.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pearl District
-2.9%
Old Town-Chinatown
-10.7%
McCormick Pier Condo
-11.6%
Portland Downtown
-11.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$237.8K$217K
-8.8%
2$285K$290K
+1.8%
3--
N/A
4--
N/A
5--
N/A

Summary: Old Town-Chinatown housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.8%. The home price for 2 bedroom homes increased by +1.8%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Old Town-Chinatown, OR compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Old Town-Chinatown, OR

Housing supply in Old Town-Chinatown, OR

How many homes are available in Old Town-Chinatown, OR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
22Last MonthMay 2025
202 months agoApr 2025
+10.0 %
Change MoMApr – May

Summary: The Old Town-Chinatown real estate market had 22 homes for sale in May 2025, a 10.0 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMay 2025
02 months agoApr 2025
+100.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
11415
+7.1%
267
+16.7%
300
0.0%
400
0.0%
500
0.0%

Summary: Old Town-Chinatown housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +7.1%. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Old Town-Chinatown, OR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Old Town-Chinatown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Old Town-Chinatown in May 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Old Town-Chinatown, OR

How long does it take to sell a home in Old Town-Chinatown, OR?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Old Town-Chinatown are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 2 homes were sold in Old Town-Chinatown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
40 DaysThis YearMay 2025
155 Days1 year agoMay 2024
-73.9 %
Change YoYMay 2024 – May 2025

Summary: Homes in Old Town-Chinatown had an average listing age of 40 days in May 2025, down by 73.9% compared to the previous year.

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Newest Listings in Old Town-Chinatown, OR

What homes are available in Old Town-Chinatown, OR?

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MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service, for the period 06/01/2023 - 06/01/2025

IDXThe 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: 6/6/2025, 3:23:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.