Is Portland, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portland is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Portland has remained a Seller's Market.

Key Takeaway

Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Portland, OR cost?

Median Sold Price

$510,000

$301/sqft

Based on all homes sold in November 2021.

Difference Since Last Month

-$18,708(-3.5%)

Key Takeaway

Homes in Portland have sold for 3.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Nov 2021%
1 $312.5K$315K
+0.8%
2 $440K$431.2K
-2.0%
3 $534.8K$504K
-5.8%
4 $705K$640K
-9.2%
5+ $833.4K$832.4K
-0.1%

Median Sold Price Compared To Nearby Cities

Portland West
+7.4%
Beaverton
+0.8%
Portland East
-0.8%
Portland
-3.5%
Milwaukie
-8.8%

How many homes are available in Portland, OR?

Number of Homes For Sale

Oct 2021Nov 2021%
3,1932,535-20.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 267225
-15.7%
2 784624
-20.4%
3 1,2911,014
-21.5%
4 616491
-20.3%
5+ 235181
-23.0%

Number of Homes Sold

Oct 2021Nov 2021%
1,061855-19.4%

Asking Price vs. Sold Price

269 Homes Were Sold
Under Asking

168 Homes Were Sold
At Asking

418 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portland, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Nov 2021%
24 Days24 Days-0.9%

Breakdown of Home Sale Times

644 Homes Were Sold
Under 30 Days

161 Homes Were Sold
In 30 - 90 Days

50 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portland are selling fast, if you're buying plan to act quickly.

About Portland, OR

There are 2,535 homes are for sale in Portland, OR real estate market. The inventory of homes for sale in Portland, OR between October 2021 and November 2021 decreased by 20.6%. Listings spent 24 days on the market in November 2021, and had a median list price of $510,000 during the same period. Real estate listing prices changed between November 2020 and November 2021: prices of 1 bedroom properties went up by 0.8%, 2 bedrooms properties became 2% more cheaper, 3 bedrooms properties prices decreased by 5.8%, the cost of 4 bedrooms properties went down by 9.2%, prices of 5 bedrooms properties went down by 0.1%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 15.7%, the quantity of 2 bedrooms homes went down by 20.4%, 3 bedrooms homes became 21.5% less available, number of 4 bedrooms homes decreased by 20.3%, number of 5 bedrooms homes decreased by 23%. Portland, OR housing market in November 2021 saw over 418 listings sold above listed price, more than 168 sold at listed price and over 269 sold below.

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