The Portland housing market is somewhat competitive. Homes in Portland receive 3 offers on average and sell in around 50 days. The median sale price of a home in Portland was $480K last month, down 1.0% since last year. The median sale price per square foot in Portland is $315, up 3.1% since last year.
What is the housing market like in Portland today?
In February 2024, Portland home prices were down 1.0% compared to last year, selling for a median price of $480K. On average, homes in Portland sell after 50 days on the market compared to 51 days last year. There were 433 homes sold in February this year, down from 573 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$480,000
-1.0% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Portland, OR
$480,000
-1.0%
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 17% higher than the national average. Overall cost of living in Portland is 21% 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.
How hot is the Portland housing market?
Portland is somewhat competitive. Homes sell in 42 days.
0
100
58
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 1% below list price and go pending in around 42 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 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|
7 Weeks Ago
~$650K Offer
Sold for $700K
3bd | 2.5ba | ~2,500sqft
Over List Price
0%
Days on Market
4
Competing Offers
2
Down Payment
<10%
Renee Espinosa
Portland Redfin Agent
Only two offers on the table but fiercely fought for the home with escalation clauses
Offer Not Accepted|
9 Weeks Ago
~$550K Offer
Sold for $500K
3bd | 2.5ba | ~2,500sqft
Over List Price
0%
Days on Market
6
Competing Offers
6
Down Payment
~50%
Carissa Aulich
Portland Redfin Agent
There were 6 offers on this home. The winning offer was cash with a 14 day close and no inspections.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Alameda Elementary School
Public • K-5
730
Students
8 reviews
10/10
Llewellyn Elementary School
Public • K-5
485
Students
6 reviews
10/10
Stephenson Elementary School
Public • K-5
347
Students
8 reviews
10/10
Abernethy Elementary School
Public • K-5
520
Students
11 reviews
10/10
Duniway Elementary School
Public • K-5
504
Students
12 reviews
Only showing 5 of
100+ 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 Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Portland.
Risk Factor
Flood Factor - Major
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a major risk of flooding. 17,497 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Portland. Flood risk is increasing slower than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 29,605 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in Portland.