Market Update: Eliot Neighborhood of Portland

The Eliot neighborhood in Portland, Oregon, is experiencing a dynamic housing market as of April 2025. Here's a concise overview:

🏡 Eliot Housing Market Snapshot

• Median Sale Price: $465,000, marking a 1.6% increase compared to the previous year.(Redfin)

• Price per Square Foot: $283, reflecting a 14.8% decrease year-over-year.(Redfin)

• Homes Sold: 13 properties sold in April 2025, up from 8 in April 2024—a 62.5% increase.(Redfin)

• Median Days on Market: 18 days, doubling from 9 days the previous year.

📊 Market Competitiveness

Eliot is considered "somewhat competitive" with a Redfin Compete Score of 66 out of 100. Key insights include:

• Average Sale Price: Homes typically sell for about 2% below the list price.(Redfin)

• Time to Sell: Properties go pending in approximately 35 days.

• Hot Homes: Desirable listings can sell for about 1% above the list price and go pending in around 15 days.

🏘️ Inventory Highlights

The neighborhood offers a diverse range of properties, from historic homes to modern townhouses. Recent listings showcase a variety of options catering to different preferences and budgets.

📍 Neighborhood Appeal

Eliot boasts a blend of historic charm and urban convenience. Its proximity to downtown Portland, local eateries, parks, and cultural venues makes it an attractive location for many homebuyers. For those considering a move to Portland, Eliot presents a neighborhood with appreciating home values and a vibrant community atmosphere. Healthcare workers, and especially physicians, may enjoy the close proximity to the hospitals for Legacy Emanual and Randall’s.