Portland Oregon Real Estate Market Update

Market Trends in Portland Oregon as of 4/24/19

Calculated over the last 3 months

  • Homes in Portland, OR typically receive 2 offers.
  • Homes sell for about 1% below list price and go pending in around 43 days.
  • Hot Homes can sell for about 1% above list price and go pending in around 9 days.

Home Sale Insights

Average over the last month

$420K Sale Price
-2.3% since last year
$247 Sale $/Sq. Ft.
+0.82% since last year
1.2% Under List Price
43 Days on Market
20.9% Down Payment
1074 Total Homes Sold

Neighborhoods

There are 128 neighborhoods in Portland. Southwest Hills has a median listing price of $920K, making it the most expensive neighborhood. Powellhurst-Gilbert is the most affordable neighborhood, with a median listing price of $299.9K.

Market Stats

In March, the number of properties that received a foreclosure filing in Portland, OR was 57% higher than February and 27% lower than the same time last year.

FORECLOSURE STATS

In March, the number of properties that received a foreclosure filing in Portland, OR was 57% higher than February and 27% lower than the same time last year.

Multnomah County Market Stats

Multnomah County is a county in Oregon and consists of 12 cities. There are 2,677 homes for sale, ranging from $23.9K to $7.7M.

  • $435K Median Listing Home Price
  • $252 Median Listing Home Price/Sq Ft
  • $392K Median Sold Home Price

Multnomah County, OR Housing Market

In February 2019 the housing market in Multnomah County, OR is a seller’s market, which means there are roughly more buyers than there are active homes for sale. Seller’s markets are generally more advantageous for sellers rather than buyers.

$430,000

Median list price

$399,900

Median sold price

Homes for sale in Multnomah County, OR

There are 2,677 homes for sale in Multnomah County, OR, 351 of which were newly listed within the last week. Additionally, there are 843 rentals, with a range of – to $6.9K per month. There are 12 cities in Multnomah County. Corbett has a median listing price of $495K, making it the most expensive city. Rockwood is the most affordable city, with a median listing price of $299.7K.