The Portland housing market is very competitive. Homes in Portland receive 3 offers on average and sell in around 11 days. The median sale price of a home in Portland was $550K last month, up 1.9% since last year. The median sale price per square foot in Portland is $323, up 0.0% since last year.
What is the housing market like in Portland today?
In May 2025, Portland home prices were up 1.9% compared to last year, selling for a median price of $550K. On average, homes in Portland sell after 11 days on the market compared to 11 days last year. There were 750 homes sold in May this year, down from 770 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$550,000
+1.9% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Portland, OR
$550,000
+1.9%
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 25% 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 very competitive. Homes sell in 13 days.
0
100
77
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 13 days.
Hot homes
can sell for about 4% above list price and go pending in around 5 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
~$500K Offer
3bd | 2.5ba | ~2,000sqft
Over List Price
14%
Days on Market
3
Competing Offers
5
Down Payment
~30%
Julian Soler
Portland Redfin Agent
Offer Not Accepted|
5 Weeks Ago
~$600K Offer
Sold for $600K
3bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
3
Competing Offers
9
Down Payment
~20%
Lora Smith
Portland Redfin Agent
9 offers, 3 cash. Went up to $650,000 which was beyond where client was willing to pay. Also 2 week close and no repairs.…
More
Offer Not Accepted|
4 Weeks Ago
~$850K Offer
Sold for $850K
3bd | 2ba | ~1,750sqft
Over List Price
0%
Days on Market
5
Competing Offers
2
Down Payment
~20%
Seth Elder
Portland Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$475K Offer
Sold for $500K
3bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
5
Competing Offers
—
Down Payment
<10%
Jonathan Schweitzer
Portland Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$500K Offer
Sold for $475K
3bd | 1ba | ~2,500sqft
Over List Price
0%
Days on Market
28
Competing Offers
3
Down Payment
~20%
Lora Smith
Portland Redfin Agent
Shortened inspection period, limited repairs to health and safety items, shortened closing timeline. Offer was contingent on their sale closing on departing property.…
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.