The Downtown Portland housing market is not very competitive. The median sale price of a home in Downtown Portland was $304K last month, down 13.2% since last year. The median sale price per square foot in Downtown Portland is $379, up 36.5% since last year.
What is the housing market like in Downtown Portland today?
In March 2024, Downtown Portland home prices were down 13.2% compared to last year, selling for a median price of $304K. On average, homes in Downtown Portland sell after 87 days on the market compared to 102 days last year. There were 36 homes sold in March this year, down from 39 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$303,750
-13.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Portland, OR
$303,750
-13.2%
United States
To compare other locations to the Downtown 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.
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How hot is the Downtown Portland housing market?
Downtown Portland is not very competitive. Homes sell in 72.5 days.
0
100
19
Not 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
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 73 days.
Hot homes
can sell for around list price and go pending in around 38 days.
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 Downtown Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Portland.
Risk Factor
Flood Factor - Severe
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Portland has a severe risk of flooding. 745 properties in Downtown Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in Downtown Portland. Flood risk is increasing slower than the national average.
50% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Portland has a minor risk of wildfire. There are 1,475 properties in Downtown Portland that have some risk of being affected by wildfire over the next 30 years. This represents 50% of all properties in Downtown Portland.
Downtown Portland has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown 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.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Portland has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Portland have a Moderate Heat Factor®.
Downtown Portland is expected to see a 114% increase in the number of days over 92ºF over the next 30 years. Downtown Portland is expected to experience 7