Fidelity's Market Report
Portland, OR
Condos/Townhomes
Compliments of Fidelity National Title Company | www.fidelityportland.com
Portland, OR
Wed Dec 11 2024
This week the median list price for Portland, OR is $369,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 891.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $369,500 | |
| Median Price of New Listings | $349,900 | |
| Per Square Foot | $371 | |
| Average Days on Market | 135 | |
| Median Days on Market | 98 | |
| Price Decreased | 46% | |
| Price Increased | 1% | |
| Relisted | 6% | |
| Inventory | 891 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
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 |
|---|---|---|---|---|---|---|---|---|
| $677,000 | 1,767 | 0 - 4,500 sqft | 2 | 2.5 | 18 | 6 | 15 | 112 |
| $425,000 | 1,166 | 0 - 4,500 sqft | 2 | 2 | 18 | 6 | 18 | 98 |
| $325,000 | 900 | 0 - 4,500 sqft | 2 | 1.5 | 18 | 7 | 14 | 98 |
| $239,900 | 720 | 2.5 - 5 acres | 1 | 1 | 36 | 11 | 11 | 84 |