Your Local Market Report

Portland, OR 97229

Single-Family Homes

WFG National Title Company | oregon.wfgnationaltitle.com


Portland, OR 97229

Wed Apr 02 2025
This week the median list price for Portland, OR 97229 is $892,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 162. 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 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 97229

Wed Apr 02 2025
This week the median list price for Portland, OR 97229 is $892,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 162. 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 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 $892,000
Median Price of New Listings $797,450
Per Square Foot $309
Average Days on Market 95
Median Days on Market 42
Price Decreased 45%
Price Increased 5%
Relisted 1%
Inventory 162
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
$1,325,000 4,463 0.25 - 0.5 acre 5 4 23 1 5 49
$957,495 3,094 6,500 - 8,000 sqft 4 3.5 12 4 4 28
$829,000 2,852 4,500 - 6,500 sqft 4 3 14 3 4 49
$685,899 2,050 4,500 - 6,500 sqft 4 2.5 19 4 3 63