Today we’re looking at the Top 10 most expensive areas in the Portland real estate market by zip code. The neighborhoods and communities in each of these zip codes all feature luxury homes, properties with views and all of the high end amenities today’s most well-qualified home buyers expect. Perhaps you’re in the market for a fine custom home, or maybe you’re just window-shopping to pass the time. Either way, happy house-hunting from Exclusive Portland Real Estate. The list is sorted by zip code and listed in order by median asking price (low to high). Note that this list is for Portland Neighborhoods and doesn’t include ultra-luxury Dunthorpe, Oregon because that area is unincorporated outside of Portland’s city limits. Another luxury area just outside of Portland is the town of Lake Oswego, which currently features one listing with an asking price of a whopping $15,000,000. With those caveats out of the way, here are the most expensive Portland zip codes by median asking price:
- Zip Code: 97225 (West Haven-Sylvan, Cedar Hills, West Slope & Raleigh Hills. )
- Median List Price: $675,000. Most Expensive Listing: $2,999,000. Least Expensive Listing: $359,000. Average Days on Market: 50 days.
Details: There are currently about 41 homes on the market with pricing mostly stable except for the fact that luxury homes in this area have gone up in price much more quickly in recent times. Inventory is rising but sales are strong as well which means that buyers will have to move fast on available listings but will have some options available. Below are a few listings in West Haven-Sylvan and Raleigh Hills.$1,650,000 5 Bedrooms 5 Bathrooms7170 SW Dogwood PLPortland, OR 972257170 SW Dogwood PL, Portland, OR 97225Windermere Stellar$1,655,000 11 Bedrooms 10 Bathrooms8543 SW Jamieson RDPortland, OR 972258543 SW Jamieson RD, Portland, OR 97225Ianos Realty$1,690,000 4 Bedrooms 6 Bathrooms1212 SW Fairfax PLPortland, OR 972251212 SW Fairfax PL, Portland, OR 97225RE/MAX Equity Group$2,480,000 Bedrooms 0 Bathrooms7470 SW Canyon LNPortland, OR 972257470 SW Canyon LN, Portland, OR 97225RE/MAX Equity Group$2,495,000 5 Bedrooms 7 Bathrooms4075 SW Charming WAYPortland, OR 972254075 SW Charming WAY, Portland, OR 97225Hasson Company
- Zip Code: 97229 (Bethany & Cedar Mill)
- Median List Price: $719,950. Most Expensive Listing: $1,950,000. Least Expensive Listing: $350,000. Average Days on Market: 97 days.
Details: As of this publication there are around 143 property listings on MLS for the Bethany & Cedar Mill neighborhoods in Portland’s 97229 zip code. Average market time is dropping and all housing data quartiles are hovering at a plateau at the moment. It’s definitely still a seller’s market but at least for the moment asking price per square foot and median prices have stabilized. Median home size for Bethany & Cedar Mill is around 3,200 square feet.$1,575,000 6 Bedrooms 8 Bathrooms11355 NW Blackhawk DRPortland, OR 9722911355 NW Blackhawk DR, Portland, OR 97229Keller Williams Realty Profes.$1,599,900 5 Bedrooms 7 Bathrooms9933 NW Upton CTPortland, OR 972299933 NW Upton CT, Portland, OR 97229Marcus Brown Properties$1,645,000 5 Bedrooms 5 Bathrooms9738 NW Sunrise LNPortland, OR 972299738 NW Sunrise LN, Portland, OR 97229John L. Scott$1,650,000 4 Bedrooms 4 Bathrooms5497 NW Rubicon LNPortland, OR 972295497 NW Rubicon LN, Portland, OR 97229Debbie Thomas Real Estate, Inc$1,699,000 5 Bedrooms 6 Bathrooms10331 NW Langworthy TERPortland, OR 9722910331 NW Langworthy TER, Portland, OR 97229Oregon Realty Co.
- Zip Code: 97221 (Bridlemile, Hayhearst, West Hills)
- Median List Price: $749,900. Most Expensive Listing: $3,800,000. Least Expensive Listing: $429,000. Average Days on Market: 75 days.
Details: Right now we have 29 listings for the Bridlemile & Hayhurst neighborhoods of the 97221 zip code. Inventory of listings available on MLS has been increasing as of late and the median list price has dropped a little. It could be that a few sellers in this neighborhood are in the mood to make a deal, with the most significant increase in new listings on the more affordable end of the price range.$1,549,000 4 Bedrooms 4 Bathrooms1881 SW Highland RDPortland, OR 972211881 SW Highland RD, Portland, OR 97221Realty Trust Group, Inc.$2,499,000 4 Bedrooms 5 Bathrooms4465 SW Greenleaf DRPortland, OR 972214465 SW Greenleaf DR, Portland, OR 97221Windermere Stellar$3,800,000 Bedrooms 0 Bathrooms5910 SW Hamilton STPortland, OR 972215910 SW Hamilton ST, Portland, OR 97221RE/MAX Equity Group$3,800,000 3 Bedrooms 3 Bathrooms5910 SW Hamilton STPortland, OR 972215910 SW Hamilton ST, Portland, OR 97221RE/MAX Equity Group
- Zip Code: 97212 (Irvington Neighborhood)
- Median List Price: $749,000. Most Expensive Listing: $1,450,000. Least Expensive Listing: $489,000. Average Days on Market: 54 days.
Details: As of this week there are currently 41 listings in Portland’s Irvington Neighborhood with the strongest sales of residential homes in this area area around the $875,000- price point, with more affordable entry-level homes in the $550,000- price range also selling fast. Inventory is increasing but days on market is also dropping and these two opposing sides of supply and demand seem to be balanced out for the moment.$1,200,000 5 Bedrooms 4 Bathrooms2242 NE 21st AVEPortland, OR 972122242 NE 21st AVE, Portland, OR 97212RE/MAX Equity Group$1,225,000 5 Bedrooms 4 Bathrooms2425 NE 18th AVEPortland, OR 972122425 NE 18th AVE, Portland, OR 97212Inhabit Real Estate LLC$1,249,000 6 Bedrooms 4 Bathrooms2735 NE 17th AVEPortland, OR 972122735 NE 17th AVE, Portland, OR 97212Living Room Realty$1,250,000 5 Bedrooms 5 Bathrooms2408 NE Regents DRPortland, OR 972122408 NE Regents DR, Portland, OR 97212Portland Realty Group LLC$1,298,000 6 Bedrooms 5 Bathrooms3425 NE 35th PLPortland, OR 972123425 NE 35th PL, Portland, OR 97212Oregon First
- Zip Code: 97232 (Sullivan’s Gulch & Laurelhurst Neighborhood)
- Median List Price: $769,000. Most Expensive Listing: $1,450,000. Least Expensive Listing: $399,900. Average Days on Market: 34.
Details: The biggest story for Portland’s Laurelhurst neighborhood is the super-low days on market. At 34 days, Laurelhurst homes for sale are proverbially “flying off the shelves” and Realtors can’t keep enough inventory in stock despite an increase in the number of properties listed. The most expensive listing for sale in Laurelhurst at any given time isn’t always a chart topper because homes in the neighborhood are rarely sold at all. With only 10 homes available in the neighborhood, it goes without saying that these properties are highly regarded for their timeless aesthetic and close-in location. If you’d like to live in one of these rare and elegant homes please call me to get started.$948,000 4 Bedrooms 4 Bathrooms2216 NE Clackamas STPortland, OR 972322216 NE Clackamas ST, Portland, OR 97232Coldwell Banker Seal$949,000 3 Bedrooms 4 Bathrooms3846 NE Glisan STPortland, OR 972323846 NE Glisan ST, Portland, OR 97232Keller Williams Realty Profes.$985,000 4 Bedrooms 3 Bathrooms3904 NE Hazelfern PLPortland, OR 972323904 NE Hazelfern PL, Portland, OR 97232Eleete Real Estate$989,500 4 Bedrooms 4 Bathrooms110 NE Cesar E Chavez BLVDPortland, OR 97232110 NE Cesar E Chavez BLVD, Portland, OR 97232Equity Builders Realty$995,000 3 Bedrooms 3 Bathrooms3067 NE Pacific STPortland, OR 972323067 NE Pacific ST, Portland, OR 97232Living Room Realty
- Zip Code: 97239 (Neighborhoods in Southwest Hills: Hillsdale, Corbett-Terwilliger-Lair Hill, Healy Heights)
- Median List Price: $875,000. Most Expensive Listing: $2,895,000. Least Expensive Listing: $385,000. Average Days on Market: 68 days.
Details: Portland’s West Hills are synonymous with fine luxury homes featuring some of the best views in Oregon, not to mention close-in living with easy commutes to downtown Portland. Realtors have been listing more homes for sale in the area ranging from the high 300’s but quickly moving up to 3 million for more luxury living. Healy Heights & Lair Hill homes in the lower pricing tiers have been selling somewhat faster, so perhaps the seller of that high end Corbett-Terwilliger mansion you’ve been eyeing is willing to negotiate, call me and let’s find out if the price has some “wiggle room”.$1,699,000 2 Bedrooms 3 Bathrooms3601 SW River PKWY # 2703Portland, OR 972393601 SW River PKWY # 2703, Portland, OR 97239Realty Trust Group, Inc.$1,750,000 4 Bedrooms 4 Bathrooms3516 SW Gale AVEPortland, OR 972393516 SW Gale AVE, Portland, OR 97239Realty Trust Group, Inc.$1,795,000 2 Bedrooms 3 Bathrooms841 SW Gaines ST # 2108Portland, OR 97239841 SW Gaines ST # 2108, Portland, OR 97239Hasson Company$2,199,000 Bedrooms 0 BathroomsSW View Point TERPortland, OR 97239SW View Point TER, Portland, OR 97239John L. Scott$2,275,000 3 Bedrooms 5 Bathrooms6134 SW Riverpoint LNPortland, OR 972396134 SW Riverpoint LN, Portland, OR 97239RE/MAX Equity Group
- Zip Code: 97231 (Holbrook, Burlington Neighborhoods, Forest Park)
- Median List Price: $995,000. Most Expensive Listing: $4,900,000. Least Expensive Listing: $290,000. Average Days on Market: 144 days.
Details: With 15 listings for sale near Portland’s iconic Forest Park, it makes sense that these homes would come at a premium. Miles of wilderness trails for running, hiking and sightseeing in Forest Park provide local residents with a much needed respite from fast-paced city life. Listing turnover is a bit slow in this area compared to other Portland neighborhoods so you may find a seller here and there who might negotiate on price a bit. On the other hand, when someone lives in NW Portland, OR they may be reluctant to give up such a wonderful place to live so easily. If there’s a home in Northwest Portland you’d like to tour please call me immediately.$1,750,000 5 Bedrooms 7 Bathrooms12929 NW Skyline BLVDPortland, OR 9723112929 NW Skyline BLVD, Portland, OR 97231Cascade Sothebys International Realty$2,295,000 Bedrooms 0 Bathrooms3853 NW 148th PLPortland, OR 972313853 NW 148th PL, Portland, OR 97231Keller Williams Realty Portland Premiere$3,500,000 Bedrooms 0 Bathrooms12800 NW Marina WAYPortland, OR 9723112800 NW Marina WAY, Portland, OR 97231NW Equity Group LLC
- Zip Code: 97210 (Northwest Portland: Hillside, Kings Heights, Willamette Heights, Slabtown, Northwest District)
- Median List Price: $1,090,000. Most Expensive listing: $1,795,000. Least Expensive Listing: $525,000. Average days on Market: 47 days.
Details: days on market has dropped down to a very low 47 days in the Hillside and Slabtown neighborhoods of NW Portland. Inventory of homes for sale is on the rise but with a median list price north of one million dollars puts these homes out of the budget of many buyers. That said, homes in Hillside and Kings Heights and all around the Northwest District are selling quickly so if you see one you like call me so we can get to work on it. With listings in Portland it’s usually a “here today, gone tomorrow situation”.$1,749,000 4 Bedrooms 4 Bathrooms2741 NW Westover RDPortland, OR 972102741 NW Westover RD, Portland, OR 97210Windermere Stellar$1,750,000 4 Bedrooms 4 Bathrooms653 NW Macleay BLVDPortland, OR 97210653 NW Macleay BLVD, Portland, OR 97210The Hasson Company$1,775,000 4 Bedrooms 4 Bathrooms1270 NW Summit AVEPortland, OR 972101270 NW Summit AVE, Portland, OR 97210Hasson Company$1,795,000 5 Bedrooms 5 Bathrooms2670 NW Lovejoy STPortland, OR 972102670 NW Lovejoy ST, Portland, OR 97210The Agency, Inc$1,795,000 4 Bedrooms 4 Bathrooms720 NW Warrenton TERPortland, OR 97210720 NW Warrenton TER, Portland, OR 97210Windermere Stellar
- Zip Code: 97201 (West Hills, Portland Heights)
- Median List Price: $1,250,000. Most Expensive Listing: $4,098,000. Least Expensive Listing: $575,000. Average Days on Market: 206 days.
Details: Portland Heights is the 2nd most expensive neighborhood within Portland city limits based on median asking price and it shows. Inventory is selling mainly around the eight hundred thousand to million dollar range but there is some movement in the top half of the market which is generally around the two to three million dollar mark. Close-in view properties are the name of the game here. And, if they’re in budget you’ll be proud to call one of these masterfully crafted homes while waking up every morning to an amazing view of Mount Hood and Downtown Portland.$1,500,000 5 Bedrooms 5 Bathrooms1743 SW Prospect DRPortland, OR 972011743 SW Prospect DR, Portland, OR 97201Colonnade Realty$1,595,000 3 Bedrooms 3 BathroomsSW Cardinell WAYPortland, OR 97201SW Cardinell WAY, Portland, OR 97201Soldera Properties, Inc$1,750,000 4 Bedrooms 5 Bathrooms2611 SW Ravensview DRPortland, OR 972012611 SW Ravensview DR, Portland, OR 97201Where, Inc.$1,870,000 3 Bedrooms 4 Bathrooms1464 SW Vista AVEPortland, OR 972011464 SW Vista AVE, Portland, OR 97201Hasson Company$1,895,000 4 Bedrooms 4 Bathrooms1414 SW 3rd AVE # 2701Portland, OR 972011414 SW 3rd AVE # 2701, Portland, OR 97201Where, Inc
- Zip Code: 97205 (Arlington Heights & Goose Hollow)
- Median List Price: $1,579,000. Most Expensive Listing: $2,749,000. Least Expensive Listing: $989,000. Average Days on Market: 45 days.
Details: Goose Hollow and Arlington Heights tops our list of the top ten most expensive neighborhoods in Portland, Oregon. Located near the heart of downtown, these classic homes have withstood the test of time and continue to provide an exceptional quality of life. Many of the Properties in Arlington Heights and Goose Hollow feature custom, hand-built finish work throughout with a pride of construction that you just don’t see in today’s McMansions. If you’re in the market to purchase a home in this price range please call me to book your own tour of everything Goose Hollow has to offer.$1,075,000 4 Bedrooms 4 Bathrooms3105 SW Cascade DRPortland, OR 972053105 SW Cascade DR, Portland, OR 97205Realty Trust Group, Inc.$1,495,000 4 Bedrooms 4 Bathrooms2753 SW Rutland TERPortland, OR 972052753 SW Rutland TER, Portland, OR 97205Realty Trust Group, Inc.$1,595,000 4 Bedrooms 4 Bathrooms2620 SW Tichner DRPortland, OR 972052620 SW Tichner DR, Portland, OR 97205Living Room Realty