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.$1,569,900 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
- 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.$1,500,000 3 Bedrooms 4 Bathrooms814 NW Spring AVEPortland, OR 97229814 NW Spring AVE, Portland, OR 97229Coldwell Banker Bain$1,579,000 4 Bedrooms 4 Bathrooms2725 NW Circle A DRPortland, OR 972292725 NW Circle A DR, Portland, OR 97229John L. Scott$1,599,898 5 Bedrooms 7 Bathrooms9933 NW Upton CTPortland, OR 972299933 NW Upton CT, Portland, OR 97229Marcus Brown Properties$1,695,000 4 Bedrooms 4 Bathrooms10690 NW Laidlaw RDPortland, OR 9722910690 NW Laidlaw RD, Portland, OR 97229Eleete Real Estate$1,795,000 5 Bedrooms 5 Bathrooms9228 NW Mckenna DRPortland, OR 972299228 NW Mckenna DR, Portland, OR 97229RE/MAX Equity Group
- 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.$1,575,000 5 Bedrooms 4 Bathrooms4633 SW Hillside DRPortland, OR 972214633 SW Hillside DR, Portland, OR 97221Where, Inc.$2,200,000 6 Bedrooms 7 Bathrooms5406 SW Hewett BLVDPortland, OR 972215406 SW Hewett BLVD, Portland, OR 97221Realty Trust Group, Inc.$2,495,000 3 Bedrooms 5 Bathrooms6316 SW Thomas RDPortland, OR 972216316 SW Thomas RD, Portland, OR 97221Windermere Stellar$2,499,000 4 Bedrooms 5 Bathrooms4465 SW Greenleaf DRPortland, OR 972214465 SW Greenleaf DR, Portland, OR 97221Windermere Stellar$3,250,000 4 Bedrooms 5 Bathrooms4318 SW Fairview CircusPortland, OR 972214318 SW Fairview Circus, Portland, OR 97221Where, Inc.
- 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.$1,250,000 4 Bedrooms 3 Bathrooms4015 NE 38th AVEPortland, OR 972124015 NE 38th AVE, Portland, OR 97212The Koval Group$1,275,000 3 Bedrooms 3 Bathrooms3849 NE Wistaria DRPortland, OR 972123849 NE Wistaria DR, Portland, OR 97212Coldwell Banker Bain$1,279,900 6 Bedrooms 3 Bathrooms2209 NE Schuyler STPortland, OR 972122209 NE Schuyler ST, Portland, OR 97212RE/MAX Equity Group$1,290,000 Bedrooms 0 Bathrooms2132 NE Schuyler STPortland, OR 972122132 NE Schuyler ST, Portland, OR 97212Ellen Novy Real Estate$1,299,900 4 Bedrooms 4 Bathrooms2406 NE 30th AVEPortland, OR 972122406 NE 30th AVE, Portland, OR 97212RE/MAX Equity Group
- 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.$925,000 7 Bedrooms 2 Bathrooms923 NE Couch STPortland, OR 97232923 NE Couch ST, Portland, OR 97232Greenwing Realty, LLC$929,500 3 Bedrooms 3 Bathrooms3317 NE Pacific STPortland, OR 972323317 NE Pacific ST, Portland, OR 97232Realty Trust Group, Inc.$940,000 3 Bedrooms 3 Bathrooms3067 NE Pacific STPortland, OR 972323067 NE Pacific ST, Portland, OR 97232Living Room Realty$949,000 5 Bedrooms 3 Bathrooms3835 NE Couch STPortland, OR 972323835 NE Couch ST, Portland, OR 97232Living Room Realty$989,500 4 Bedrooms 4 Bathrooms110 NE Cesar E Chavez BLVDPortland, OR 97232110 NE Cesar E Chavez BLVD, Portland, OR 97232Equity Builders 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”.$1,585,000 6 Bedrooms 5 Bathrooms3124 SW Fairmount BLVDPortland, OR 972393124 SW Fairmount BLVD, Portland, OR 97239Where, Inc.$1,695,000 2 Bedrooms 3 Bathrooms841 SW Gaines ST # 2108Portland, OR 97239841 SW Gaines ST # 2108, Portland, OR 97239Hasson Company$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.$2,199,000 Bedrooms 0 BathroomsSW View Point TERPortland, OR 97239SW View Point TER, Portland, OR 97239John L. Scott
- 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$1,800,000 3 Bedrooms 3 Bathrooms15025 NW Rock Creek RDPortland, OR 9723115025 NW Rock Creek RD, Portland, OR 97231Cascade Sothebys International Realty$2,195,000 5 Bedrooms 6 Bathrooms16450 NW Lucy Reeder RDPortland, OR 9723116450 NW Lucy Reeder RD, Portland, OR 97231Realty Trust Group, Inc.$3,000,000 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”.$1,649,999 4 Bedrooms 4 Bathrooms2741 NW Westover RDPortland, OR 972102741 NW Westover RD, Portland, OR 97210Windermere Stellar$1,695,000 3 Bedrooms 4 Bathrooms418 NW Albemarle TERPortland, OR 97210418 NW Albemarle TER, Portland, OR 97210Everett Real Estate Group$1,775,000 4 Bedrooms 4 Bathrooms1270 NW Summit AVEPortland, OR 972101270 NW Summit AVE, Portland, OR 97210Hasson Company$1,795,000 4 Bedrooms 4 Bathrooms720 NW Warrenton TERPortland, OR 97210720 NW Warrenton TER, Portland, OR 97210Windermere Stellar$1,800,000 3 Bedrooms 3 Bathrooms344 NW Maywood DRPortland, OR 97210344 NW Maywood DR, Portland, OR 97210Laurie Holland Real Estate LLC
- 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$1,595,000 4 Bedrooms 5 Bathrooms2611 SW Ravensview DRPortland, OR 972012611 SW Ravensview DR, Portland, OR 97201Where, Inc.$1,599,000 2 Bedrooms 3 Bathrooms2020 SW Market Street DR # 201Portland, OR 972012020 SW Market Street DR # 201, Portland, OR 97201Windermere Stellar$1,695,000 2 Bedrooms 3 Bathrooms1414 SW 3rd AVE # 2101Portland, OR 972011414 SW 3rd AVE # 2101, Portland, OR 97201Realty Trust Group, 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.$1,375,000 4 Bedrooms 5 Bathrooms1030 SW Ardmore AVEPortland, OR 972051030 SW Ardmore AVE, Portland, OR 97205Realty Trust Group, Inc.$1,389,500 4 Bedrooms 4 Bathrooms2753 SW Rutland TERPortland, OR 972052753 SW Rutland TER, Portland, OR 97205Realty Trust Group, Inc.$1,599,000 2 Bedrooms 3 Bathrooms1221 SW 10th AVE # 1305Portland, OR 972051221 SW 10th AVE # 1305, Portland, OR 97205Keller Williams Realty Profes.$2,300,000 6 Bedrooms 5 Bathrooms226 SW Kingston AVEPortland, OR 97205226 SW Kingston AVE, Portland, OR 97205Hasson Company