First American Market Report

Portland, OR 97212

Single-Family Homes

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Portland, OR 97212

Fri Mar 29 2024
This week the median list price for Portland, OR 97212 is $949,000 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has increased to 23. 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

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 97212

Fri Mar 29 2024
This week the median list price for Portland, OR 97212 is $949,000 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has increased to 23. 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

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 $949,000
Median Price of New Listings $949,000
Per Square Foot $329
Average Days on Market 128
Median Days on Market 63
Price Decreased 22%
Price Increased 0%
Relisted 13%
Inventory 23
Median Rent
Market Action 49
Strong Seller's Market

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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
$2,795,000 5,094 0.25 - 0.5 acre 5 3.5 99 1 2 42
$1,337,000 3,942 6,500 - 8,000 sqft 4 3.5 116 2 2 154
$869,450 2,663 4,500 - 6,500 sqft 3 2.5 97 3 3 14
$644,450 1,762 4,500 - 6,500 sqft 3 1 115 1 2 42