Fidelity's Market Report

Portland, OR 97217

Single-Family Homes

Compliments of Fidelity National Title Company | www.fidelityportland.com


Portland, OR 97217

Wed Apr 24 2024
This week the median list price for Portland, OR 97217 is $574,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has increased to 64. 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.

Strong Seller's Market

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 97217

Wed Apr 24 2024
This week the median list price for Portland, OR 97217 is $574,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has increased to 64. 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.

Strong Seller's Market

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 $574,000
Median Price of New Listings $552,450
Per Square Foot $291
Average Days on Market 71
Median Days on Market 35
Price Decreased 30%
Price Increased 0%
Relisted 9%
Inventory 64
Median Rent
Market Action 57
Strong Seller's Market

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
$744,500 2,480 4,500 - 6,500 sqft 3 2.5 81 2 2 35
$624,950 2,257 4,500 - 6,500 sqft 3 2 97 4 2 38
$521,500 1,855 4,500 - 6,500 sqft 3 2 97 3 2 24
$347,500 1,091 0 - 4,500 sqft 2 1 74 3 2 63