Your Local Market Report

Portland, OR 97221

Condos/Townhomes

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Portland, OR 97221

Sun Sep 08 2024
This week the median list price for Portland, OR 97221 is $281,950 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has increased to 6. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Portland, OR 97221

Sun Sep 08 2024
This week the median list price for Portland, OR 97221 is $281,950 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has increased to 6. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $281,950
Median Price of New Listings $275,000
Per Square Foot $260
Average Days on Market 147
Median Days on Market 119
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$940,000 0 1 - 2.5 acres 5 2.5 77 0 0 77
$869,000 2,951 - 3 2.5 107 0 0 231
$281,950 1,078 - 2 1.5 54 1 0 10
$272,500 1,109 - 2 1 54 0 0 276