First American Market Report

Portland, OR 97201

Single-Family Homes

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Portland, OR 97201

Thu Mar 28 2024
This week the median list price for Portland, OR 97201 is $1,117,500 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 20. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Portland, OR 97201

Thu Mar 28 2024
This week the median list price for Portland, OR 97201 is $1,117,500 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 20. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $1,117,500
Median Price of New Listings $1,810,000
Per Square Foot $402
Average Days on Market 197
Median Days on Market 168
Price Decreased 20%
Price Increased 5%
Relisted 10%
Inventory 20
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,599,000 5,239 0.25 - 0.5 acre 4 4.5 87 1 0 168
$1,499,000 3,705 6,500 - 8,000 sqft 4 3.5 59 2 2 35
$1,095,000 3,254 8,000 - 10,000 sqft 3 2.5 62 0 1 231
$725,000 2,486 4,500 - 6,500 sqft 3 2 116 1 1 70