Your Local Market Report

Portland, OR

Single-Family Homes

WFG National Title Company | oregon.wfgnationaltitle.com



Portland, OR

Tue Jul 16 2024
This week the median list price for Portland, OR is $689,500 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 1,436. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Portland, OR

Tue Jul 16 2024
This week the median list price for Portland, OR is $689,500 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 1,436. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $689,500
Median Price of New Listings $625,000
Per Square Foot $324
Average Days on Market 80
Median Days on Market 49
Price Decreased 47%
Price Increased 3%
Relisted 6%
Inventory 1,436
Median Rent
Market Action 47
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,449,000 3,885 0.25 - 0.5 acre 4 3.5 34 25 25 56
$839,000 2,726 6,500 - 8,000 sqft 4 2.5 56 28 49 49
$595,000 1,982 4,500 - 6,500 sqft 3 2 65 34 45 35
$429,000 1,290 4,500 - 6,500 sqft 3 2 67 38 58 42