First American Market Report
Portland, OR 97209
Single-Family Homes
First American Title Company | www.firstam.com
Portland, OR 97209
Sun May 05 2024
This week the median list price for Portland, OR 97209 is $849,000 with the market action index hovering around 24. This is an increase over last month's market action index of 18. Inventory has increased to 3.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $849,000 | |
| Median Price of New Listings | $4,900,000 | |
| Per Square Foot | $472 | |
| Average Days on Market | 61 | |
| Median Days on Market | 7 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 3 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $4,900,000 | 7,138 | 0.25 - 0.5 acre | 6 | 3 | 134 | 1 | 0 | 0 |
| $849,000 | 2,481 | 0 - 4,500 sqft | 4 | 2 | 120 | 0 | 0 | 7 |
| $649,000 | 1,375 | - | 2 | 2 | 24 | 0 | 0 | 175 |