Portland, OR
Housing market overview · Updated weekly
$496,250median sale price
Homes sold
504
Last 12 weeks
Days on market
39
Average pace
Active listings
1,573
3.1 months supply
Sale-to-list
99.9%
Below asking
The Portland housing market is currently classified as a balanced market with a median sale price of $496,250. Prices have fallen 2.7% compared to last year, with homes spending an average of 39 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Portland?
The median home sale price in Portland is $496,250, down 2.7% from last year.
How long do homes stay on market in Portland?
Homes typically spend 39 days on market before going under contract.
Is Portland a buyer's or seller's market?
With 3.1 months of supply, Portland is currently a balanced market.
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