Portland - OR housing market
The Portland metro has a typical home value of $552,022, down 1.1% from a year ago. Homes are moving fast at 12 days on market - a strong seller's market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($552,022) is the Zillow Home Value Index for the Portland - OR metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 1.1% over the past year. A home worth $558,162 last year is now worth roughly $552,022.
The median sale price , what homes actually close for , is $544,168. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.
Homes listed in Portland - OR sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,248 new listings hit the market each month in Portland - OR. There are currently 8,531 homes for sale, up 6.8% from a year ago.
The typical monthly rent in Portland - OR is $1,797, up 0.6% year over year. For investors, the price-to-rent ratio here is roughly 26x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in OR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Salem - OR | $454,689 | +0.4% | 20.0d |
| Eugene - OR | $459,366 | +0.0% | 11.0d |