First American Market Report

Portland, OR

Single-Family Homes

First American Title Company | www.firstam.com



Portland, OR

Sun Jan 29 2023
This week the median list price for Portland, OR is $599,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 878. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Portland, OR

Sun Jan 29 2023
This week the median list price for Portland, OR is $599,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 878. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $599,000
Median Price of New Listings $565,000
Per Square Foot $314
Average Days on Market 109
Median Days on Market 84
Price Decreased 48%
Price Increased 2%
Relisted 17%
Inventory 878
Median Rent
Market Action 41
Slight Seller's Advantage

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 3,486 0.25 - 0.5 acre 4 3 28 19 21 105
$699,500 2,407 4,500 - 6,500 sqft 4 2.5 71 35 45 77
$499,900 1,819 4,500 - 6,500 sqft 3 2 70 33 44 91
$388,500 1,164 4,500 - 6,500 sqft 3 1 70 30 49 80