The Portland housing market is very competitive. Homes in Portland receive 3 offers on average and sell in around 15 days. The median sale price of a home in Portland was $555K last month, up 5.7% since last year. The median sale price per square foot in Portland is $318, up 1.4% since last year.
What is the housing market like in Portland today?
In June 2025, Portland home prices were up 5.7% compared to last year, selling for a median price of $555K. On average, homes in Portland sell after 15 days on the market compared to 13 days last year. There were 721 homes sold in June this year, down from 732 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$555,000
+5.7% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Portland, OR
$555,000
+5.7%
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 24% 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
78
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
Offer Not Accepted|
8 Weeks Ago
~$650K Offer
Sold for $700K
3bd | 3ba | ~2,250sqft
Over List Price
3%
Days on Market
4
Competing Offers
4
Down Payment
~20%
Lora Smith
Portland Redfin Agent
Competed against 4 offers
Price escalated to $705,000
Appraisal waiver at original offer price
Offer Not Accepted|
8 Weeks Ago
~$500K Offer
Sold for $500K
3bd | 1ba | ~1,500sqft
Over List Price
2%
Days on Market
5
Competing Offers
3
Down Payment
~20%
Lora Smith
Portland Redfin Agent
Limited repairs to health, safety, structural.
Ultimately seller received an offer escalating to $550,000 and with appraisal gap coverage and we could not compete.…
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.