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.$1,590,000 4 Bedrooms 6 Bathrooms1212 SW Fairfax PLPortland, OR 972251212 SW Fairfax PL, Portland, OR 97225RE/MAX Equity Group$1,595,000 4 Bedrooms 4 Bathrooms11735 SW Lynnridge AVEPortland, OR 9722511735 SW Lynnridge AVE, Portland, OR 97225Eleete Real Estate$2,500,000 3 Bedrooms 5 Bathrooms1177 SW Catlin Crest DRPortland, OR 972251177 SW Catlin Crest DR, Portland, OR 97225RE/MAX Equity Group$2,750,000 3 Bedrooms 5 Bathrooms1177 SW Catlin Crest DRPortland, OR 972251177 SW Catlin Crest DR, Portland, OR 97225RE/MAX Equity Group$3,200,000 4 Bedrooms 3 Bathrooms3935 SW 91st AVEPortland, OR 972253935 SW 91st AVE, Portland, OR 97225Belrose Realty, LLC
- 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 Bedrooms 0 Bathrooms3516 NW Skyline BLVDPortland, OR 972293516 NW Skyline BLVD, Portland, OR 97229Eleete Real Estate$1,600,000 Bedrooms 0 Bathrooms0 Nw Cornell RDPortland, OR 972290 Nw Cornell RD, Portland, OR 97229Better Properties Brokerage$1,600,000 Bedrooms 0 Bathrooms7323 NW Cornell RDPortland, OR 972297323 NW Cornell RD, Portland, OR 97229Better Properties Brokerage$1,650,000 8 Bedrooms 9 Bathrooms3720 NW Devoto LNPortland, OR 972293720 NW Devoto LN, Portland, OR 97229Hasson Company$1,695,000 4 Bedrooms 4 Bathrooms10690 NW Laidlaw RDPortland, OR 9722910690 NW Laidlaw RD, Portland, OR 97229Eleete Real Estate
- 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.$1,675,000 5 Bedrooms 4 Bathrooms4633 SW Hillside DRPortland, OR 972214633 SW Hillside DR, Portland, OR 97221Where, Inc.$1,899,000 4 Bedrooms 5 Bathrooms4311 SW 40th AVEPortland, OR 972214311 SW 40th AVE, Portland, OR 97221Luxe Platinum Properties$1,995,000 5 Bedrooms 4 Bathrooms5535 SW Hewett BLVDPortland, OR 972215535 SW Hewett BLVD, Portland, OR 97221Windermere Realty Trust$2,190,000 4 Bedrooms 5 Bathrooms4465 SW Greenleaf DRPortland, OR 972214465 SW Greenleaf DR, Portland, OR 97221Windermere Realty Trust$2,300,000 4 Bedrooms 5 Bathrooms6316 SW Thomas STPortland, OR 972216316 SW Thomas ST, Portland, OR 97221Windermere Realty Trust
- 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 4 Bedrooms 4 Bathrooms2323 NE Hancock STPortland, OR 972122323 NE Hancock ST, Portland, OR 97212Encompass Realty LLC$1,225,000 5 Bedrooms 5 Bathrooms3640 NE Bryce STPortland, OR 972123640 NE Bryce ST, Portland, OR 97212RE/MAX Equity Group$1,240,000 Bedrooms 0 Bathrooms2132 NE Schuyler STPortland, OR 972122132 NE Schuyler ST, Portland, OR 97212Ellen Novy Real Estate$1,299,900 Bedrooms 0 Bathrooms1927 NE 16th AVEPortland, OR 972121927 NE 16th AVE, Portland, OR 97212Premiere Property Group, LLC$1,299,900 6 Bedrooms 4 Bathrooms1927 NE 16th AVEPortland, OR 972121927 NE 16th AVE, Portland, OR 97212Premiere Property Group, LLC
- 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.$949,000 4 Bedrooms 3 Bathrooms3936 NE Couch STPortland, OR 972323936 NE Couch ST, Portland, OR 97232Windermere Stellar$949,950 5 Bedrooms 4 Bathrooms3937 NE Laddington CTPortland, OR 972323937 NE Laddington CT, Portland, OR 97232Windermere Realty Trust$950,000 Bedrooms 0 Bathrooms121 NE 24th AVEPortland, OR 97232121 NE 24th AVE, Portland, OR 97232Windermere Community Commercial$989,500 4 Bedrooms 4 Bathrooms110 NE Cesar E Chavez BLVDPortland, OR 97232110 NE Cesar E Chavez BLVD, Portland, OR 97232Equity Builders Realty$1,100,000 Bedrooms 0 Bathrooms2105 NE Davis STPortland, OR 972322105 NE Davis ST, Portland, OR 97232Keller Williams Realty Portland Premiere
- 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”.$1,599,000 Bedrooms 0 Bathrooms3512 SW Beaverton AVEPortland, OR 972393512 SW Beaverton AVE, Portland, OR 97239Windermere Realty Trust$1,599,000 4 Bedrooms 5 Bathrooms3058 SW Fairmount BLVDPortland, OR 972393058 SW Fairmount BLVD, Portland, OR 97239Windermere Realty Trust$1,950,000 4 Bedrooms 4 Bathrooms4236 SW Mcdonnell TERPortland, OR 972394236 SW Mcdonnell TER, Portland, OR 97239Where, Inc.$1,995,000 2 Bedrooms 3 Bathrooms3601 SW River PKWY # 2905Portland, OR 972393601 SW River PKWY # 2905, Portland, OR 97239Sean Z Becker Real Estate$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.$1,550,000 5 Bedrooms 7 Bathrooms12929 NW Skyline BLVDPortland, OR 9723112929 NW Skyline BLVD, Portland, OR 97231BC Realty$1,675,000 3 Bedrooms 3 Bathrooms14561 NW Larson RD # 17-18Portland, OR 9723114561 NW Larson RD # 17-18, Portland, OR 97231Premiere Property Group, LLC$1,895,000 5 Bedrooms 6 Bathrooms16450 NW Lucy Reeder RDPortland, OR 9723116450 NW Lucy Reeder RD, Portland, OR 97231Windermere Realty Trust$2,600,000 Bedrooms 0 Bathrooms16205 NW Gillihan RDPortland, OR 9723116205 NW Gillihan RD, Portland, OR 97231Windermere Realty Trust$2,600,000 3 Bedrooms 3 Bathrooms16205 NW Gillihan RDPortland, OR 9723116205 NW Gillihan RD, Portland, OR 97231Windermere Realty Trust
- 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”.$1,595,000 4 Bedrooms 4 Bathrooms2741 NW Westover RDPortland, OR 972102741 NW Westover RD, Portland, OR 97210Windermere Realty Trust$1,600,000 4 Bedrooms 4 Bathrooms2892 NW Beuhla Vista TERPortland, OR 972102892 NW Beuhla Vista TER, Portland, OR 97210Keller Williams Realty Profes.$1,645,000 3 Bedrooms 3 Bathrooms344 NW Maywood DRPortland, OR 97210344 NW Maywood DR, Portland, OR 97210Laurie Holland Real Estate LLC$1,675,000 4 Bedrooms 4 Bathrooms3434 NW Savier STPortland, OR 972103434 NW Savier ST, Portland, OR 97210Hoag Real Estate$1,675,000 3 Bedrooms 4 Bathrooms850 NW Powhatan TERPortland, OR 97210850 NW Powhatan TER, Portland, OR 97210Windermere Realty Trust
- 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.$1,549,000 4 Bedrooms 5 Bathrooms2611 SW Ravensview DRPortland, OR 972012611 SW Ravensview DR, Portland, OR 97201Where, Inc.$1,575,000 5 Bedrooms 5 Bathrooms3434 SW Talbot RDPortland, OR 972013434 SW Talbot RD, Portland, OR 97201Where, Inc.$1,599,000 5 Bedrooms 4 Bathrooms2521 SW 18th AVEPortland, OR 972012521 SW 18th AVE, Portland, OR 97201Oregon First$1,699,000 3 Bedrooms 4 Bathrooms1464 SW Vista AVEPortland, OR 972011464 SW Vista AVE, Portland, OR 97201Hasson Company$1,699,000 3 Bedrooms 5 Bathrooms1750 SW West Point CTPortland, OR 972011750 SW West Point CT, Portland, OR 97201Windermere Realty Trust
- 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.$1,295,000 3 Bedrooms 4 Bathrooms2862 SW Fairview BLVDPortland, OR 972052862 SW Fairview BLVD, Portland, OR 97205Where, Inc$1,795,000 4 Bedrooms 4 Bathrooms2855 SW Rutland TERPortland, OR 972052855 SW Rutland TER, Portland, OR 97205Windermere Realty Trust$2,675,000 6 Bedrooms 6 Bathrooms2188 SW Main STPortland, OR 972052188 SW Main ST, Portland, OR 97205RealtyNET