Multnomah County, OR Real Estate & Property Data

Multnomah County Real Estate Market Trends
Last Updated: April 23, 2024

With up-to-date real estate data get detailed insight into Multnomah County, OR sourced from the nation’s leading property data provider. The current median home price in Multnomah County, OR is $485,000. Multnomah County real estate data shows that there have been a total of 10,144 residential properties sold over the past 12 months. ATTOM’s Multnomah County real estate data indicates that the county has 43 properties in foreclosure and 1 REOs (real estate bank owned) properties.

Multnomah County Real Estate Market Trends
Total Residential Properties 226,360
Total Commercial Properties 32,174
Avg. Home Age (Single Family Home) 69 Years
Avg. Square Feet (Single Family Home) 1,780
Total 2024 Residential Sales (year-to-date) 857
% of Homes Seriously Underwater (Q2 2024) 0.9%
Total 2023 Residential Sales 9,845
% of Equity Rich Homes (Q2 2024) 40.79%
Effective 2023 Property Tax 1.14%
Total Foreclosure Filings (year-to-date) 91
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Multnomah County, OR Real Estate Overview

There were 10,144 residential properties sold in the past year in Multnomah County, OR. The median home value in Multnomah County, OR is $498,000. There are a total of 226,360 residential properties in the Multnomah.

Median Sales Price i
$485,000
(Feb 2024)
+0.5%
year-over-year
y-o-y
  • February '24 Feb '24 $485,000
  • January '24 Jan '24 $495,000
  • December '23 Dec '23 $495,000
  • November '23 Nov '23 $494,000
  • October '23 Oct '23 $510,000
  • September '23 Sep '23 $524,950
  • August '23 Aug '23 $509,000
  • July '23 Jul '23 $525,000
  • June '23 Jun '23 $550,000
  • May '23 May '23 $545,250
  • April '23 Apr '23 $522,000
  • March '23 Mar '23 $515,000
Median Down Payment i
$81,000
(Feb 2024)
+16.7%
year-over-year
y-o-y
  • February '24 Feb '24 $81,000
  • January '24 Jan '24 $79,929
  • December '23 Dec '23 $92,000
  • November '23 Nov '23 $75,000
  • October '23 Oct '23 $92,000
  • September '23 Sep '23 $94,750
  • August '23 Aug '23 $87,000
  • July '23 Jul '23 $86,600
  • June '23 Jun '23 $97,750
  • May '23 May '23 $77,000
  • April '23 Apr '23 $75,000
  • March '23 Mar '23 $80,000
Number of Homes Sold i
451
(Feb 2024)
-37.4%
year-over-year
y-o-y
  • February '24 Feb '24 451
  • January '24 Jan '24 406
  • December '23 Dec '23 631
  • November '23 Nov '23 669
  • October '23 Oct '23 772
  • September '23 Sep '23 807
  • August '23 Aug '23 1,004
  • July '23 Jul '23 876
  • June '23 Jun '23 1,018
  • May '23 May '23 1,027
  • April '23 Apr '23 862
  • March '23 Mar '23 901
Number of Purchase Loans i
437
(Feb 2024)
-32%
year-over-year
y-o-y
  • February '24 Feb '24 437
  • January '24 Jan '24 406
  • December '23 Dec '23 494
  • November '23 Nov '23 491
  • October '23 Oct '23 571
  • September '23 Sep '23 639
  • August '23 Aug '23 768
  • July '23 Jul '23 685
  • June '23 Jun '23 798
  • May '23 May '23 828
  • April '23 Apr '23 680
  • March '23 Mar '23 735
Number of REFI Loans i
186
(Feb 2024)
+15.5%
year-over-year
y-o-y
  • February '24 Feb '24 186
  • January '24 Jan '24 179
  • December '23 Dec '23 165
  • November '23 Nov '23 158
  • October '23 Oct '23 182
  • September '23 Sep '23 177
  • August '23 Aug '23 198
  • July '23 Jul '23 187
  • June '23 Jun '23 210
  • May '23 May '23 186
  • April '23 Apr '23 178
  • March '23 Mar '23 183
Number of HELOC Loans i
244
(Feb 2024)
-0.4%
year-over-year
y-o-y
  • February '24 Feb '24 244
  • January '24 Jan '24 198
  • December '23 Dec '23 232
  • November '23 Nov '23 246
  • October '23 Oct '23 258
  • September '23 Sep '23 334
  • August '23 Aug '23 399
  • July '23 Jul '23 291
  • June '23 Jun '23 328
  • May '23 May '23 308
  • April '23 Apr '23 353
  • March '23 Mar '23 354

Multnomah County, OR Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Multnomah County, OR Foreclosure Activity

There were a total of 43 Multnomah County, OR properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 39 Multnomah County, OR properties and repossessed 1 Multnomah County, OR properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
43
(Feb 2024)
+72%
year-over-year
y-o-y
  • February '24 Feb '24 43
  • January '24 Jan '24 48
  • December '23 Dec '23 42
  • November '23 Nov '23 45
  • October '23 Oct '23 49
  • September '23 Sep '23 39
  • August '23 Aug '23 43
  • July '23 Jul '23 39
  • June '23 Jun '23 40
  • May '23 May '23 34
  • April '23 Apr '23 40
  • March '23 Mar '23 62
Foreclosure Starts i
39
(Feb 2024)
+77.3%
year-over-year
y-o-y
  • February '24 Feb '24 39
  • January '24 Jan '24 43
  • December '23 Dec '23 41
  • November '23 Nov '23 38
  • October '23 Oct '23 47
  • September '23 Sep '23 31
  • August '23 Aug '23 42
  • July '23 Jul '23 37
  • June '23 Jun '23 39
  • May '23 May '23 34
  • April '23 Apr '23 36
  • March '23 Mar '23 53
Completed Foreclosures (REOs) i
1
(Feb 2024)
-85.7%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 5
  • December '23 Dec '23 3
  • November '23 Nov '23 4
  • October '23 Oct '23 5
  • September '23 Sep '23 5
  • August '23 Aug '23 3
  • July '23 Jul '23 4
  • June '23 Jun '23 3
  • May '23 May '23 3
  • April '23 Apr '23 6
  • March '23 Mar '23 6
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