Your Local Market Report

Portland, OR 97217

Single-Family Homes

WFG National Title Company | wfgtitle.com/oregon


Portland, OR 97217

Mon Nov 09 2026
This week the median list price for Portland, OR 97217 is $559,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 59. 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 97217

Mon Nov 09 2026
This week the median list price for Portland, OR 97217 is $559,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 59. 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 $559,900
Median Price of New Listings $507,450
Per Square Foot $284
Average Days on Market 84
Median Days on Market 63
Price Decreased 54%
Price Increased 0%
Relisted 3%
Inventory 59
Median Rent
Market Action 43
Slight Seller's Advantage

We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift 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
$735,000 2,486 4,500 - 6,500 sqft 4 2.5 99 1 0 49
$600,000 2,084 4,500 - 6,500 sqft 3 2.5 99 1 2 63
$479,900 1,620 4,500 - 6,500 sqft 3 2 78 1 0 63
$286,997 1,124 - 2 1.5 73 1 2 66