First American Market Report

Portland, OR

Single-Family Homes

First American Title Company | www.firstam.com



Portland, OR

Sat Nov 27 2021
This week the median list price for Portland, OR is $559,000 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has decreased to 856. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Portland, OR

Sat Nov 27 2021
This week the median list price for Portland, OR is $559,000 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has decreased to 856. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $559,000
Median Price of New Listings $525,000
Per Square Foot $310
Average Days on Market 62
Median Days on Market 35
Price Decreased 40%
Price Increased 4%
Relisted 9%
Inventory 856
Median Rent $1,650
Market Action 66
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,199,000 3,559 0.25 - 0.5 acre 4 3.5 47 30 36 56
$648,500 2,310 4,500 - 6,500 sqft 4 2 74 52 65 28
$497,250 1,671 4,500 - 6,500 sqft 3 2 69 47 45 28
$389,900 1,168 4,500 - 6,500 sqft 3 1 68 55 69 35