Your Local Market Report

Portland, OR 97229

Single-Family Homes

WFG National Title Company | oregon.wfgnationaltitle.com


Portland, OR 97229

Thu Nov 21 2024
This week the median list price for Portland, OR 97229 is $899,475 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 150. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Portland, OR 97229

Thu Nov 21 2024
This week the median list price for Portland, OR 97229 is $899,475 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 150. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $899,475
Median Price of New Listings $875,000
Per Square Foot $309
Average Days on Market 112
Median Days on Market 98
Price Decreased 64%
Price Increased 1%
Relisted 5%
Inventory 150
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,375,000 4,507 0.25 - 0.5 acre 5 4 23 2 1 140
$967,370 3,223 6,500 - 8,000 sqft 4 3 10 1 2 91
$849,947 2,647 4,500 - 6,500 sqft 4 3 16 3 6 52
$699,500 2,036 0 - 4,500 sqft 4 2.5 15 3 3 105