Your Local Market Report

Portland, OR 97229

Single-Family Homes

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Portland, OR 97229

Mon Feb 06 2023
This week the median list price for Portland, OR 97229 is $982,652 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 85. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Portland, OR 97229

Mon Feb 06 2023
This week the median list price for Portland, OR 97229 is $982,652 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 85. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $982,652
Median Price of New Listings $799,999
Per Square Foot $334
Average Days on Market 96
Median Days on Market 70
Price Decreased 41%
Price Increased 7%
Relisted 14%
Inventory 85
Median Rent
Market Action 39
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,775,000 4,405 0.25 - 0.5 acre 4 3.5 16 2 0 42
$1,049,950 3,100 8,000 - 10,000 sqft 5 3 1 1 3 77
$909,950 2,847 6,500 - 8,000 sqft 4 3 1 1 0 126
$747,500 2,263 6,500 - 8,000 sqft 3 2.5 26 5 3 59