Single-Family Homes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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.
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 |