New - 13 hours on Rocket
$10,000 Closing Credit¹
Brian Getman, Joey Gatto, Listing Office: Where, Inc
Southwest Portland Housing Market Report December 2024•Multnomah County, Oregon
Housing Prices in Southwest Portland, OR
How much do homes in Southwest Portland, OR cost?
Housing Market Conditions
Is Southwest Portland, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Southwest Portland is a Seller's Market
Difference Since December 2023
Since last year, Southwest Portland has remained a Seller's Market.
Insight
Southwest Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$624,993$332/SqFt
+$12,493
+2.0%
Based on all homes sold in the last 12 months
Insight
Homes in Southwest Portland have sold for 2% more than they did a year ago.
Summary: The median home sold price in Southwest Portland was $624,993 in December 2024, up 2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $313.5K | $320K | +2.1% |
| 22 Bedrooms | $451.4K | $465K | +3.0% |
| 33 Bedrooms | $599.5K | $625K | +4.3% |
| 44 Bedrooms | $770.3K | $778K | +1.0% |
| 55+ Bedrooms | $880.5K | $968.7K | +10.0% |
Summary: Southwest Portland housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +2.1%. The home price for 2 bedroom homes increased by +3.0%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes increased by +1.0%. The home price for 5 bedroom homes increased by +10.0%.
Housing supply in Southwest Portland, OR
How many homes are available in Southwest Portland, OR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 239Last MonthDec 2024 | ||
| 2822 months agoNov 2024 | -15.2 % Change MoMNov – Dec |
Summary: The Southwest Portland real estate market had 239 homes for sale in Dec 2024, a 15.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthDec 2024 | ||
| 642 months agoNov 2024 | -20.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 14 | 14 | 0.0% |
| 22 Bedrooms | 76 | 63 | -17.1% |
| 33 Bedrooms | 99 | 84 | -15.2% |
| 44 Bedrooms | 68 | 58 | -14.7% |
| 55+ Bedrooms | 25 | 20 | -20.0% |
Summary: Southwest 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 -17.1%. The inventory for 3 bedroom homes decreased by -15.2%. The inventory for 4 bedroom homes decreased by -14.7%. The inventory for 5 bedroom homes decreased by -20.0%.
Asking Price vs. Sold Price
How much do homes in Southwest Portland, OR cost?
Over Asking Price9 Homes
At Asking Price10 Homes
Under Asking Price32 Homes
Insight
If you're buying a home in Southwest Portland, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Southwest Portland in December 2024, down by 20.3% month-over-month. Of the 51 sold homes, 63% were sold under asking, 20% were sold at asking, and and 18% were sold over asking.
Days on Market for Southwest Portland, OR
How long does it take to sell a home in Southwest Portland, OR?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days21 Homes
Over 90 Days15 Homes
Insight
Avg time on Rocket Homes in Southwest Portland has remained consistent over time.
Summary: During December 2024, 51 homes were sold in Southwest Portland; 29% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 75 DaysThis YearDec 2024 | ||
| 40 Days1 year agoDec 2023 | +84.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Southwest Portland had an average listing age of 75 days in Dec 2024, up by 84.5% compared to the previous year.
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Newest Listings in Southwest Portland, OR
What homes are available in Southwest Portland, OR?
New - 23 hours on Rocket
Thomas Hall, Listing Office: Paris Group Realty LLC
New - 1 day on Rocket
$10,000 Closing Credit¹
Marta Flori, Listing Office: Inhabit Real Estate
New - 2 days on RocketVideo tour
$10,000 Closing Credit¹
Katie Spurlock, Listing Office: Windermere Realty Trust
New - 2 days on Rocket3D tour
$7,719 Closing Credit¹
Tara Cowlthorp, Listing Office: Redfin
New - 4 days on Rocket
$4,749 Closing Credit¹
Tony Apa, Courtney Clarke, Listing Office: ELEETE Real Estate
New - 4 days on Rocket
$5,213 Closing Credit¹
Piper Stewart, Listing Office: REfind LLC
New - 4 days on Rocket3D tour
$5,878 Closing Credit¹
Tammie Crane, Listing Office: Homes by Crane
New - 5 days on Rocket3D tour
$7,719 Closing Credit¹
Seth Mazur, Listing Office: John L. Scott Portland Central
New - 5 days on Rocket
$8,313 Closing Credit¹
Linda Cohn, Listing Office: Coldwell Banker Bain
New - 5 days on Rocket
$8,134 Closing Credit¹
Allison Grice, Listing Office: KJK Properties PC
New - 5 days on Rocket
$10,000 Closing Credit¹
Lynda O'Neill, Listing Office: John L. Scott
Nearby markets
Nearby markets aren't available for Southwest Portland, OR
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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.