Oregon’s spring, 2018 weather is warming up buyer activity on Portland homes for sale, with homes selling in an average of 55 days compared to 58 days for the same period in 2017. Property values are still going up, albeit gains have been much more conservative than in recent years. Homes for sale are averaging a 7.6% higher closing price than last year while the median closing price edged up 8.8% when the most recent 12 months are contrasted against the preceding 12 month period. Homes for sale around the Portland metro area have all increased in value, but a few areas stand out with the most notable gains. Mt Hood posted a whopping 14.1% improvement in average closing price closely followed by Gresham/Troutdale at 12.0%. In general, more affordable suburbs experienced a higher growth rate than the more gentrified close-in Portland neighborhoods.

For the moment, Portland homes for sale in the very important starter-house category (the bottom/fourth quartile) are currently selling at a rate very closely matched to the rate at which new listings are coming on the market. Median price for a starter-house in Portland is currently $349,900 which gets you 1400 square feet of living space on a 4.5-6.5k lot with 3bed/2bath that’s 63 years old. New listings are pacing with sold listings almost evenly except for the top of the market, where the median price is $992,000 and you get a 3800 square foot house on an oversized lot with 4bed/3.5baths. Not surprisingly, the most expensive homes on the market are taking about twice as long to sell with sales lagging behind new listings by about one third.

What does this mean for Portland home values?

The quick answer is that we don’t really know and as a Realtor I cannot predict the future. But, we can look to recent years’ statistics to better educate ourselves about what the market has done so you can be free to draw your own conclusions. Based on Market Action (and personal experience), 2016 and 2017 were both big years for Portland homes for sale and based on the latest graphs 2018 looks like a good year, but perhaps not as red-hot as the previous few. In keeping with this trend, inventory is also a bit higher than in the last few years which makes sense when viewed along side the Market Action graph. Hopefully, this means that Portland home values are settling into a more healthy and sustainable pattern of stable, incremental appreciation over time. While the recent improvement of home values in the area may lead some to wonder if we’re headed for another bubble, today’s more measured increases could be a sign that things are normalizing in terms of price and market stability. The area’s national popularity and excellent quality of life mean that Portland homes for sale are still in demand. In summary, Portland homes for sale are still very-much in demand but buyer demand may be attenuating down from the white-hot levels seen in 2016 and 2017.

Portland Homes For Sale: New Home Search Feature

We’re proud to announce our newly improved home search feature. While we’ve added too many new features to mention here, there are a few stellar new additions worth pointing out. Our new image compression algorithm will speed up your load times, especially on mobile devices. We’ve also added a smart search so you can search for popular local areas including colloquial terms such as “Inner SE Portland”, “Foster Powell” or “The Pearl District” among many other locally relevant terms related to all things Portland Homes For Sale. See a property for sale in person??? In that case, you’ll be happy to know that our home search bar also accepts addresses. Even if you’re not sure on the city or zip code, just type in the number, ordinal and street name and we’ll probably be able to find it for you. Want homes from a certain part of town? Just enter a zip code (or three) and start browsing.

Search results are delivered in convenient accordion layout so you can simply click on the information you want while the rest of the details are hidden so as not to clutter the screen. Thanks for using our new Portland Homes For Sale feature and don’t hesitate to call if you’d like to see a home in person.

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Newest 1st (By List Date) | Price (Low to High) | Price (High to Low)
5024 NW 140TH AVE  Portland, OR 97229
  $1,350,000Available  
  5 bed / 4.0 baths | 4,162 sq ft
448 NW SKYLINE BLVD  Portland, OR 97229
  $2,795,000Available  
  4 bed / 4.2 baths | 3,890 sq ft
2309 SW 1ST AVE 1741 Portland, OR 97201
  $695,000Available  
  3 bed / 2.1 baths | 2,508 sq ft
2309 SW 1ST AVE 744 Portland, OR 97201
  $439,000Available  
  2 bed / 2.0 baths | 1,497 sq ft
1709 SE 44TH AVE  Portland, OR 97215
  $640,000Available  
  3 bed / 2.0 baths | 1,066 sq ft
12015 SW TREMONT ST  Portland, OR 97225
  $499,000Available  
  3 bed / 1.1 baths | 1,590 sq ft
3129 N WILLAMETTE BLVD 105 Portland, OR 97217
  $424,900Available  
  2 bed / 2.1 baths | 1,600 sq ft
3305 SW 66TH AVE  Portland, OR 97225
  $549,000Available  
  5 bed / 3.0 baths | 1,482 sq ft
735 NE BEECH ST  Portland, OR 97212
  $519,900Available  
  2 bed / 1.0 baths | 1,209 sq ft
3362 SW FAIRMOUNT BLVD  Portland, OR 97239
  $1,350,000Available  
  3 bed / 3.0 baths | 1,232 sq ft
6585 SW 89TH PL  Portland, OR 97223
  $695,000Available  
  3 bed / 2.0 baths | 1,872 sq ft
73 NE MONROE ST  Portland, OR 97212
  $749,900Available  
  6 bed / 2.1 baths | 2,176 sq ft
9027 N SMITH ST  Portland, OR 97203
  $459,000Available  
  4 bed / 2.0 baths | 1,288 sq ft
1761 NE 60TH AVE  Portland, OR 97213
  $679,900Available  
  4 bed / 2.1 baths | 2,121 sq ft
17610 NW DEERBROOK CT  Portland, OR 97229
  $795,000Available  
  5 bed / 3.2 baths | 3,100 sq ft
6940 N CENTRAL ST  Portland, OR 97203
  $415,000Available  
  3 bed / 2.1 baths | 1,440 sq ft
6504 SE 84TH AVE  Portland, OR 97266
  $475,000Available  
  3 bed / 2.1 baths | 2,112 sq ft
10020 SW 37TH AVE  Portland, OR 97219
  $415,000Available  
  3 bed / 2.0 baths | 1,290 sq ft
113 NE FARGO ST  Portland, OR 97212
  $599,900Available  
  3 bed / 2.1 baths | 2,042 sq ft
3914 N MICHIGAN AVE  Portland, OR 97227
  $475,000Available  
  3 bed / 1.0 baths | 1,008 sq ft
5015 NE 34TH AVE  Portland, OR 97211
  $550,000Available  
  3 bed / 2.0 baths | 1,148 sq ft
8114 NE Failing ST  Portland, OR 97213
  $405,000Available  
  3 bed / 2.1 baths | 1,212 sq ft
133 SE 55th AVE B Portland, OR 97215
  $425,000Available  
  2 bed / 2.1 baths | 792 sq ft
8122 SW SPRUCE ST  Portland, OR 97223
  $727,000Available  
  4 bed / 3.2 baths | 3,676 sq ft
6533 SE 70TH AVE  Portland, OR 97206
  $429,900Available  
  3 bed / 1.0 baths | 1,276 sq ft
4330 SE WINDSOR CT  Portland, OR 97206
  $617,000Available  
  5 bed / 2.0 baths | 1,430 sq ft
14701 NE BROADWAY ST  Portland, OR 97230
  $460,000Available  
  4 bed / 2.0 baths | 1,214 sq ft
7014 N VANCOUVER AVE  Portland, OR 97217
  $450,000Available  
  4 bed / 1.1 baths | 1,250 sq ft
1920 SW RIVER DR E606 Portland, OR 97201
  $534,900Available  
  1 bed / 1.0 baths | 1,033 sq ft
4317 SE ALDER ST  Portland, OR 97215
  $999,900Available  
  5 bed / 3.1 baths | 2,957 sq ft
6720 SW MOONSHADOW CT  Portland, OR 97223
  $785,000Available  
  4 bed / 3.0 baths | 3,215 sq ft
1536 N FARRAGUT ST  Portland, OR 97217
  $600,000Available  
  4 bed / 3.0 baths | 1,951 sq ft
7459 SW RUGER LN  Portland, OR 97223
  $789,000Available  
  4 bed / 2.1 baths | 2,679 sq ft
1801 SE 51ST AVE  Portland, OR 97215
  $959,000Available  
  4 bed / 3.1 baths | 2,369 sq ft
3270 SW VISTA DR  Portland, OR 97225
  $750,000Available  
  3 bed / 3.0 baths | 1,741 sq ft
17942 SE ALDER ST  Portland, OR 97233
  $575,000Available  
  0 bed / baths | 0 sq ft
38 NE GOING ST  Portland, OR 97211
  $499,000Available  
  3 bed / 2.1 baths | 1,174 sq ft
1314 NW IRVING ST 508 Portland, OR 97209
  $699,000Available  
  3 bed / 1.0 baths | 1,635 sq ft
3443 SW DOSCHVIEW CT  Portland, OR 97239
  $1,050,000Available  
  4 bed / 3.1 baths | 3,220 sq ft
1305 SE YAMHILL ST  Portland, OR 97214
  $875,000Available  
  0 bed / baths | 0 sq ft
1314 NW IRVING ST 508 Portland, OR 97209
  $699,000Available  
  0 bed / baths | 0 sq ft
5420 NW NEAKAHNIE AVE  Portland, OR 97229
  $538,900Available  
  0 bed / baths | 0 sq ft
2805 SW RUTLAND TER  Portland, OR 97205
  $795,500Available  
  4 bed / 2.1 baths | 1,318 sq ft
5248 NE COUCH ST 3 Portland, OR 97213
  $739,000Available  
  3 bed / 3.1 baths | 1,284 sq ft
6103 NW CORNELL RD  Portland, OR 97210
  $1,449,000Available  
  3 bed / 3.1 baths | 3,134 sq ft
3123 N WILLAMETTE BLVD 103 Portland, OR 97217
  $419,000Available  
  2 bed / 2.1 baths | 1,521 sq ft
5516 SW PENDLETON ST  Portland, OR 97221
  $465,000Available  
  3 bed / 2.0 baths | 1,489 sq ft
1130 NW 12TH AVE 414 Portland, OR 97209
  $429,000Available  
  1 bed / 1.0 baths | 836 sq ft



This content last updated on 04/07/2020, 01:19 (1:19 AM) PST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Oregon Realty Co® are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.


Portland Homes For Sale: April 2018 Report