Fidelity's Market Report

Portland, OR 97229

Single-Family Homes

Compliments of Fidelity National Title Company | www.fidelityportland.com



Portland, OR 97229

Fri Mar 24 2023
This week the median list price for Portland, OR 97229 is $964,448 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has decreased to 82. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Portland, OR 97229

Fri Mar 24 2023
This week the median list price for Portland, OR 97229 is $964,448 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has decreased to 82. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $964,448
Median Price of New Listings $899,900
Per Square Foot $334
Average Days on Market 88
Median Days on Market 56
Price Decreased 26%
Price Increased 10%
Relisted 5%
Inventory 82
Median Rent
Market Action 41
Slight Seller's Advantage

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,732,500 4,306 0.25 - 0.5 acre 5 4.3 11 0 0 66
$1,036,162 3,075 6,500 - 8,000 sqft 4 3 1 2 3 35
$900,000 2,761 4,500 - 6,500 sqft 4 3 1 4 3 56
$769,000 2,217 4,500 - 6,500 sqft 3 2.5 26 3 0 42