Portland Oregon Real Estate Market Report: October 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (2,283) increased 3.4% from the 2,207 listed in October 2023 and decreased 11.8% from the 2,589 listed in September 2024.
Pending Sales
Pending sales (2,018) increased 24.2% from the 1,625 offers accepted in October 2023 and decreased 2.8% from the 2,076 offers accepted in September 2024.
Closed Sales
Closed sales (1,975) increased 18.3% from the 1,670 closings in October 2023 and increased 16% from the 1,702 closings in September 2024.
Inventory and Time on the Market
Inventory decreased to 2.9 months in October. Total market time increased to 57 days.
Average and Median Sale Prices
Comparing 2024 to 2023 through October, the average sale price has increased 2.1% from $599,100 to $611,500. In the same comparison, the median sale price has increased 2.0% from $534,100 to $545,000.
