Portland - OR housing market

The typical home value ($549,241) 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 0.7% over the past year. A home worth $553,113 last year is now worth roughly $549,241.

The median sale price, what homes actually close for, is $541,440. 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 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 29.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,274 new listings hit the market each month in Portland - OR. There are currently 9,928 homes for sale, up 1.5% from a year ago.

The typical monthly rent in Portland - OR is $1,810, up 0.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 25.3x, renting territory (#13 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,824 a month in principal and interest, $1,014 more than renting before taxes, insurance and upkeep. The two break even at a 2.82% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →