The Portland housing market is very competitive. Over the three months, homes in Portland receive 2 offers on average and sell in around 25 days. The median sale price of a home in Portland was $518K over the last 3 months, down 2.2% since the same period last year. The median sale price per square foot in Portland is $312, down 1.4% since last year.
What is the housing market like in Portland today?
Over the three months ending September 2026, Portland home prices were down 2.2% compared to the same period last year, selling for a median price of $518K. On average, homes in Portland sell after 25 days on the market compared to 27 days last year. There were 1,978 homes sold in September this year, down from 2,057 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$518,253
-2.2% YoY | Sep 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2026
Growth
% YoY
Portland, OR
$518,253
-2.2%
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 27% higher than the national average. Overall cost of living in Portland is 14% higher than the national average. Learn which home features in Portland add value to a home.
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How hot is the Portland housing market?
Portland is very competitive. Homes sell in 27 days.
0
100
71
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 27 days.
Hot homes
can sell for about 3% above list price and go pending in around 6 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|
8 Weeks Ago
~$175K Offer
Sold for $175K
2bd | 2ba | ~1,000sqft
Under List Price
10%
Days on Market
187
Competing Offers
0
Offer
All Cash
Farah Seibel
Portland Redfin Agent
Buyer accepted after deadline, seller agent wont accept an addendum-re writing
Offer Not Accepted|
11 Weeks Ago
~$650K Offer
Sold for $700K
3bd | 1.5ba | ~2,250sqft
Over List Price
13%
Days on Market
4
Competing Offers
8
Down Payment
—
Gavin Shettler
Portland Redfin Agent
Offered 705,000, beat by another offer 5k more. Other offer said 'as-is' our offer had no repairs under $5000. Other offer ended up negotiating for a repair and closed at our max offer price 705k. Boo…
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.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a minor risk of flooding. 5,202 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Portland. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 2,988 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Portland.