Chicago Title's Current Market Report

Portland, OR 97220

Single-Family Homes

Chicago Title Company of Oregon



Portland, OR 97220

Wed Oct 09 2024
This week the median list price for Portland, OR 97220 is $449,950 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 58. 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 97220

Wed Oct 09 2024
This week the median list price for Portland, OR 97220 is $449,950 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 58. 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 $449,950
Median Price of New Listings $415,000
Per Square Foot $291
Average Days on Market 85
Median Days on Market 46
Price Decreased 50%
Price Increased 0%
Relisted 12%
Inventory 58
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$559,500 2,012 6,500 - 8,000 sqft 3 2 60 0 4 31
$499,250 1,914 6,500 - 8,000 sqft 3 2 73 2 1 42
$425,000 1,300 6,500 - 8,000 sqft 3 2 68 2 3 42
$364,999 1,267 6,500 - 8,000 sqft 2 1 77 1 2 49