The Portland housing market is somewhat competitive. Homes in Portland receive 2 offers on average and sell in around 51 days. The median sale price of a home in Portland was $487K last month, down 0.59% since last year. The median sale price per square foot in Portland is $302, down 3.4% since last year.
What is the housing market like in Portland today?
In December 2024, Portland home prices were down 0.59% compared to last year, selling for a median price of $487K. On average, homes in Portland sell after 51 days on the market compared to 35 days last year. There were 529 homes sold in December this year, up from 475 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$487,000
-0.59% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Portland, OR
$487,000
-0.59%
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 14% higher than the national average. Overall cost of living in Portland is 18% 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 41 days.
0
100
59
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 about 1% below list price and go pending in around 41 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 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|
7 Weeks Ago
~$700K Offer
Sold for $700K
5bd | 3.5ba | ~4,000sqft
Under List Price
9%
Days on Market
80
Competing Offers
1
Down Payment
~20%
Melissa Hartvigsen
Portland Redfin Agent
Close on price, and terms. As is verbiage included.
Offer Not Accepted|
10 Weeks Ago
~$750K Offer
Sold for $750K
3bd | 3ba | ~2,500sqft
Over List Price
0%
Days on Market
43
Competing Offers
2
Down Payment
~20%
Melissa Hartvigsen
Portland Redfin Agent
Pre-inspection was provided by listing agent. Short inspection, repairs capped.
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
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a moderate risk of flooding. 18,779 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.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 44,133 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.