Fidelity's Market Report

Portland, OR

Condos/Townhomes

Compliments of Fidelity National Title Company | www.fidelityportland.com


Portland, OR

Tue Nov 29 2022
This week the median list price for Portland, OR is $448,250 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has decreased to 576. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Nov 29 2022
This week the median list price for Portland, OR is $448,250 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has decreased to 576. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $448,250
Median Price of New Listings $389,900
Per Square Foot $385
Average Days on Market 98
Median Days on Market 70
Price Decreased 44%
Price Increased 1%
Relisted 14%
Inventory 576
Median Rent
Market Action 33
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

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
$899,250 1,904 0 - 4,500 sqft 2 2.5 16 3 14 98
$505,500 1,357 8,000 - 10,000 sqft 2 2 16 11 12 63
$379,450 1,073 0.25 - 0.5 acre 2 2 24 16 22 63
$270,000 780 0.25 - 0.5 acre 1 1 42 12 13 56