Portland - OR housing market
The Portland metro has a typical home value of $553,092, down 1.0% from a year ago. Homes are moving fast at 13 days on market, a strong seller's market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($553,092) is the Zillow Home Value Index for the Portland - OR metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 1.0% over the past year. A home worth $558,679 last year is now worth roughly $553,092.
The median sale price , what homes actually close for , is $545,258. Homes are selling at 100.1% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Portland - OR sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,432 new listings hit the market each month in Portland - OR. There are currently 9,365 homes for sale, up 3.5% from a year ago.
The typical monthly rent in Portland - OR is $1,805, up 0.4% year over year. For investors, the price-to-rent ratio here is roughly 26x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in OR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Salem - OR | $455,223 | +0.4% | 21.0d |
| Eugene - OR | $463,540 | +0.3% | 11.0d |