The Northwest Portland housing market is somewhat competitive. Homes in Northwest Portland receive 1 offers on average and sell in around 35 days. The median sale price of a home in Northwest Portland was $575K last month, up 2.3% since last year. The median sale price per square foot in Northwest Portland is $406, up 5.2% since last year.
What is the housing market like in Northwest Portland today?
In May 2024, Northwest Portland home prices were up 2.3% compared to last year, selling for a median price of $575K. On average, homes in Northwest Portland sell after 35 days on the market compared to 34 days last year. There were 213 homes sold in May this year, down from 233 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$575,000
+2.3% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Northwest Portland, OR
$575,000
+2.3%
United States
To compare other locations to the Northwest Portland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. 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.
How hot is the Northwest Portland housing market?
Northwest Portland is somewhat competitive. Homes sell in 35 days.
0
100
45
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 2% below list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 11 days.
Learn about schools in the Northwest Portland area
Elementary
Middle
High
GreatSchools Rating
10/10
Cedar Mill Elementary School
Public • K-5
367
Students
7 reviews
9/10
Bonny Slope Elementary School
Public • PreK-5
573
Students
8 reviews
9/10
Forest Park Elementary School
Public • K-5
348
Students
7 reviews
9/10
Ainsworth Elementary School
Public • K-5
598
Students
14 reviews
9/10
West Tualatin View Elementary School
Public • K-5
276
Students
5 reviews
Only showing 5 of
28 elementary schools.
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 Northwest Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northwest Portland.
Risk Factor
Flood Factor - Severe
31% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Portland has a severe risk of flooding. 4,857 properties in Northwest Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 31% of all properties in Northwest Portland. Flood risk is increasing slower than the national average.
38% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northwest Portland has a moderate risk of wildfire. There are 8,506 properties in Northwest Portland that have some risk of being affected by wildfire over the next 30 years. This represents 38% of all properties in Northwest Portland.
Northwest Portland has minimal risk of severe winds over the next 30 years
Wind Factor
Northwest Portland has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
63% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Northwest Portland has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 63% of homes in Northwest Portland have a Moderate Heat Factor®.
Northwest Portland is expected to see a 100% increase in the number of days over 91ºF over the next 30 years. Northwest Portland is expected to experience 7