Your Local Market Report

Portland, OR 97221

Condos/Townhomes

503.220.8352 | www.LawyersTitleOregon.com


Portland, OR 97221

Sat Nov 30 2024
This week the median list price for Portland, OR 97221 is $518,750 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 8. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Portland, OR 97221

Sat Nov 30 2024
This week the median list price for Portland, OR 97221 is $518,750 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 8. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $518,750
Median Price of New Listings $0
Per Square Foot $260
Average Days on Market 118
Median Days on Market 56
Price Decreased 75%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent
Market Action 25
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$822,500 2,951 1 - 2.5 acres 4 2.5 92 0 0 101
$600,250 2,377 0 - 4,500 sqft 3 3 10 0 0 59
$442,500 1,800 0 - 4,500 sqft 2 2.3 36 0 0 42
$242,450 956 - 2 1 58 0 0 269