The Portland housing market is somewhat competitive. Homes in Portland receive 3 offers on average and sell in around 25 days. The median sale price of a home in Portland was $499K last month, down 0.3% since last year. The median sale price per square foot in Portland is $328, up 3.5% since last year.
What is the housing market like in Portland today?
In March 2024, Portland home prices were down 0.3% compared to last year, selling for a median price of $499K. On average, homes in Portland sell after 25 days on the market compared to 20 days last year. There were 545 homes sold in March this year, down from 686 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$498,500
-0.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Portland, OR
$498,500
-0.3%
United States
To compare other locations to the Portland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Portland's median sale price is 20% higher than the national average. Overall cost of living in Portland is 21% higher than the national average. Learn which home features in Portland add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Portland housing market?
Portland is somewhat competitive. Homes sell in 24 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 24 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Portland
Explore recent offers and recently sold homes in Portland
Recent offers
Offer Not Accepted|
6 Weeks Ago
~$600K Offer
Sold for $650K
3bd | 2.5ba | ~3,000sqft
Over List Price
11%
Days on Market
6
Competing Offers
8
Down Payment
~20%
Renee Espinosa
Portland Redfin Agent
Multiple offers (8) all of them were over the list price and some were significantly over!
Offer Not Accepted|
2 Weeks Ago
~$700K Offer
Sold for $700K
3bd | 2ba | ~2,000sqft
Over List Price
10%
Days on Market
4
Competing Offers
5
Down Payment
~70%
Nicole Arnold
Portland Redfin Agent
Offer Not Accepted|
3 Weeks Ago
~$800K Offer
Sold for $850K
3bd | 2ba | ~2,750sqft
Over List Price
2%
Days on Market
4
Competing Offers
6
Down Payment
~20%
Justin Bradley
Portland Redfin Agent
Offer Not Accepted|
3 Weeks Ago
~$600K Offer
Sold for $650K
3bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
5
Competing Offers
6
Down Payment
~20%
Nicolas Towle
Portland Redfin Agent
Offer Not Accepted|
5 Weeks Ago
~$950K Offer
Sold for $950K
5bd | 3ba | ~2,500sqft
Over List Price
9%
Days on Market
5
Competing Offers
9
Down Payment
—
Tanya Smith
Portland Redfin Agent
View houses in Portland that sold recently
Recently sold homes
SOLD MAY 10, 2024
$270,500 Last Sold Price
2 beds
2 baths
1,556 sq ft
3236 SE 153rd Ave #113, Portland, OR 97236
Paula Wertanen • Berkshire Hathaway HomeServices NW Real Estate
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Portland.
Risk Factor
Flood Factor - Major
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a major risk of flooding. 17,497 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Portland. Flood risk is increasing slower than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 29,605 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in Portland.