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Featured local agent — Portland, OR
Sarah Mitchell
Compass Real Estate · Portland, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Portland, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$561,525median sale price
How is the Portland, OR housing market right now?
The median home sale price in Portland, OR is $561,525, up 2.1% year-over-year. Homes sell in an average of 10 days with 2,025 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Portland a buyer's or seller's market?
Portland, OR is currently a strong seller's market, based on 2.8 months of supply and homes selling in about 10 days. How we determine this →
Homes sold
713
Last 12 weeks
Days on market
10
Fast-moving
Active listings
2,025
2.8 months supply
Sale-to-list
101.3%
Above asking
What does the Portland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $561,525 |
| Median list price | $549,000 |
| Year-over-year price change | +2.1% |
| Average days on market | 10 days |
| Active inventory | 2,025 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 101.3% |
| Median price per sq ft | $327/sq ft |
| Homes sold (latest month) | 713 |
| New listings (latest month) | 1,000 |
| Listings with a price cut | 35.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Portland by property type?
How the Portland, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $605,700 | $325/sq ft | 565 | 7 days |
| Condo / Co-op | $345,500 | $335/sq ft | 112 | 42 days |
| Townhouse | $365,000 | $334/sq ft | 21 | 55 days |
Source: Redfin · Updated monthly
The Portland housing market is currently classified as a strong seller's market with a median sale price of $561,525. Prices have risen 2.1% compared to last year, with homes spending an average of 10 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Portland
There are currently 2,025 homes listed for sale in Portland, Oregon. The median listing price is $549K.
Active listings
2,025
Homes on market
Median list price
$549K
Avg. days on market
10
Days until sale
New this week
1,000
Newly listed
Who lives in Portland?
Population
642,715
Median income
$88,792/yr
Median age
38.6 years
Owner-occupied
52.8%
College grads
53.5%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Portland?
Zillow home value
$540,296
Zillow rent index
$1,721/mo
Price-to-rent ratio
26.2x
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Portland?
Portland is a community of approximately 643K residents with a median age of 38.6 years.The median household income is $88,792, which reflects a relatively affluent area with strong earning potential. 53.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 52.8%, showing a blend of owner and renter-occupied properties. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Portland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Portland, OR?
Want a head-to-head view? Compare Portland side-by-side with any other U.S. city using our market-comparison tool.
Is Portland a good real estate investment market?
For investors evaluating Portland, the price-to-rent ratio of 26.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Portland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Portland's median home price.
Frequently asked questions
What is the average home price in Portland?
The median home sale price in Portland is $561,525, up 2.1% from last year.
How long do homes stay on market in Portland?
Homes typically spend 10 days on market before going under contract.
What is the median income in Portland?
The median household income is $88,792 per year.
Is Portland a buyer's or seller's market?
With 2.8 months of supply, Portland is currently a strong seller's market.
What is the Zillow home value estimate for Portland?
The Zillow Home Value Index (ZHVI) for Portland is $540,296, representing the typical home value in the area.
What is the median condo price in Portland?
The median condo/co-op sale price in Portland, OR is $345,500, compared to $605,700 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Portland?
The median single-family home price in Portland, OR is $605,700 (about $325 per square foot).
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