Here’s a brief overview of the real estate scene in the St. Johns neighborhood. Let’s have a quick look at the main points for houses and condos in this area.
Houses:
In St. Johns Portland, it’s currently a seller’s market, with a market action index (MAI) of 50. This indicates high demand and limited supply. However, the inventory has dropped to 29, potentially affecting options for buyers.
The median house price in this neighborhood is $549,900. While the market has cooled, prices have remained pretty stable for several weeks. This stability can benefit both buyers and sellers by providing a consistent environment for decision-making.
Condos:
For condos in St. Johns Portland, there’s a slight seller’s advantage, with an MAI of 31, slightly down from the previous week’s 36. With an increase in inventory to 34, there are more options for potential buyers.
The median condo price in this neighborhood is $322,400. Similar to the housing market, condo prices have remained stable, offering assurance to both buyers and sellers.
Overall, the real estate market in St. Johns Portland neighborhood is mixed with strong opportunities for house sellers, and some overall experiencing some cooling with stable prices. Whether you’re buying or selling, it’s crucial to stay informed and work with a trusted real estate agent who can guide you through the process.
