Fidelity's Market Report

Portland, OR

Condos/Townhomes

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



Portland, OR

Mon Dec 04 2023
This week the median list price for Portland, OR is $394,998 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 693. 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

Mon Dec 04 2023
This week the median list price for Portland, OR is $394,998 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 693. 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 $394,998
Median Price of New Listings $402,000
Per Square Foot $383
Average Days on Market 108
Median Days on Market 77
Price Decreased 41%
Price Increased 0%
Relisted 11%
Inventory 693
Median Rent
Market Action 32
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
$795,000 1,829 0 - 4,500 sqft 2 2.5 17 7 5 98
$450,000 1,170 0 - 4,500 sqft 2 2 17 10 7 70
$349,000 956 8,000 - 10,000 sqft 2 2 18 10 14 63
$260,000 746 8,000 - 10,000 sqft 1 1 43 7 9 70