The Portland housing market is somewhat competitive. Homes in Portland receive 3 offers on average and sell in around 36 days. The median sale price of a home in Portland was $510K last month, up 6.0% since last year. The median sale price per square foot in Portland is $323, up 0.3% since last year.
What is the housing market like in Portland today?
In February 2025, Portland home prices were up 6.0% compared to last year, selling for a median price of $510K. On average, homes in Portland sell after 36 days on the market compared to 50 days last year. There were 504 homes sold in February this year, up from 428 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$510,000
+6.0% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Portland, OR
$510,000
+6.0%
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 16% higher than the national average. Overall cost of living in Portland is 17% 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.
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How hot is the Portland housing market?
Portland is somewhat competitive. Homes sell in 29 days.
0
100
65
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 29 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
Winning Offer|
6 Weeks Ago
~$350K Offer
2bd | 2ba | ~1,500sqft
Under List Price
7%
Days on Market
54
Competing Offers
0
Down Payment
~40%
Rocky Loring
Portland Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$425K Offer
Sold for $425K
2bd | 2.5ba | ~1,000sqft
Over List Price
0%
Days on Market
7
Competing Offers
1
Down Payment
~40%
Lora Smith
Portland Redfin Agent
Was offered back up position, client declined and wrote an offer on a different property that he then terminated.…
More
Offer Not Accepted|
4 Weeks Ago
~$500K Offer
Sold for $600K
3bd | 2ba | ~3,000sqft
Over List Price
4%
Days on Market
3
Competing Offers
10
Down Payment
<10%
Liz Ellis
Portland Redfin Agent
Offer Not Accepted|
5 Weeks Ago
~$350K Offer
Sold for $375K
2bd | 1ba | ~1,500sqft
Over List Price
0%
Days on Market
4
Competing Offers
10
Down Payment
<10%
Nicolas Towle
Portland Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$425K Offer
Sold for $500K
3bd | 2ba | ~2,000sqft
Under List Price
16%
Days on Market
138
Competing Offers
3
Down Payment
~10%
Melissa Hartvigsen
Portland Redfin Agent
Other offers were contingent upon sale of homes not yet listed. Offered fast closing, appraisal contingency waived, as is condition, price less than asking not accepted.…
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 - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a moderate risk of flooding. 18,737 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Portland. Flood risk is increasing slower than the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 44,116 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in Portland.