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.
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
| 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 |