$340,000
11272 NE Knott St
Portland, OR
2 bd1 ba1,196 sqft
House8,712 sqft lot
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Portland, OR Housing Market & Real Estate
Balanced market-2.7% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Portland, OR is $496,250, down 2.7% year-over-year. Homes sell in an average of 39 days with 1,573 active listings. The market is currently a balanced market.
$496,250median sale price
Is Portland a buyer's or seller's market?
Balanced market3.1 months of supply39 avg. days on market
Portland, OR is currently a balanced market, based on 3.1 months of supply and homes selling in about 39 days. How we determine this →
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
Portland, OR market data
| Metric | Value |
|---|---|
| Median sale price | $496,250 |
| Median list price | $517,000 |
| Year-over-year price change | -2.7% |
| Average days on market | 39 days |
| Active inventory | 1,573 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 99.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Portland
There are currently 1,573 homes listed for sale in Portland, Oregon. The median listing price is $517K. Featured listings range from $340,000 to $1,350,000.
$450,000
6700 N Boston Ave
Portland, OR
2 bd1 ba1,502 sqft
House5,227 sqft lot
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$529,000
1629 NE 150th Ave
Portland, OR
2 bd2 ba1,920 sqft
House
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$595,000
3410 SW Underwood Dr
Portland, OR
3 bd2 ba1,737 sqft
House22,651 sqft lot
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$609,900
11513 SW Bambi Ln
Portland, OR
4 bd2 ba2,014 sqft
House6,098 sqft lot
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$625,000
7776 SW 5th Ave
Portland, OR
4 bd2 ba2,187 sqft
House5,227 sqft lot
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$645,000
8615 SE 55th Ave
Portland, OR
4 bd2 ba2,290 sqft
House5,663 sqft lot
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$1,100,000
550 SW 10th Ave Apt 2105
Portland, OR
2 bd2 ba1,798 sqft
Condo
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$1,200,000
550 SW 10th Ave Apt 3106
Portland, OR
2 bd2 ba1,434 sqft
Condo
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$1,295,000
836 S Curry St Unit 102
Portland, OR
2 bd3 ba2,573 sqft
Condo
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$1,300,000
550 SW 10th Ave Apt 3105
Portland, OR
2 bd2 ba1,629 sqft
Condo
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$1,350,000
840 NW Summit Ave
Portland, OR
5 bd2 ba3,248 sqft
House7,841 sqft lot
More about this property
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Active listings
1,573
Homes on market
Median list price
$517K
Avg. days on market
39
Days until sale
New this week
711
Newly listed
Price drops:26.1%of listings
Sale-to-list:99.9%
Top public schools in Portland
50 schools tracked · 44,120 students
The largest public schools serving Portland, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
David Douglas High School
Grades 9-12 · 2,810 students
Westview High School
Grades 9-12 · 2,413 students
Grant High School
Grades 9-12 · 2,179 students
Sunset High School
Grades 9-12 · 1,879 students
Franklin High School
Grades 9-12 · 1,811 students
Ida B. Wells-Barnett High School
Grades 9-12 · 1,650 students
Leodis V. McDaniel High School
Grades 9-12 · 1,649 students
Lincoln High School
Grades 9-12 · 1,579 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in OR
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.
How many homes are for sale in Portland?
There are currently 1573 homes listed for sale in Portland, OR.
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