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)
4231 NE 132ND AVE  Portland, OR 97230
  $439,900Available  
  3 bed / 2.0 baths | 1,302 sq ft
4415 SW TUNNELWOOD ST  Portland, OR 97221
  $995,000Available  
  4 bed / 3.0 baths | 1,872 sq ft
6775 SW DOVER ST  Portland, OR 97225
  $515,000Available  
  3 bed / 2.0 baths | 1,392 sq ft
16620 NW ROSSETTA ST  Portland, OR 97229
  $749,000Available  
  4 bed / 3.0 baths | 2,893 sq ft
7535 SE 31ST AVE  Portland, OR 97202
  $1,250,000Available  
  3 bed / 3.1 baths | 3,481 sq ft
3255 NE 75TH AVE  Portland, OR 97213
  $585,000Available  
  3 bed / 1.0 baths | 1,290 sq ft
603 NE 75TH AVE  Portland, OR 97213
  $479,000Available  
  2 bed / 2.0 baths | 1,562 sq ft
2335 SE STARK ST  Portland, OR 97214
  $659,000Available  
  5 bed / 2.0 baths | 842 sq ft
4949 SW BUDDINGTON ST  Portland, OR 97219
  $419,900Available  
  3 bed / 2.0 baths | 1,076 sq ft
4721 NW 138TH PL  Portland, OR 97229
  $939,900Available  
  4 bed / 3.0 baths | 3,340 sq ft
2806 SW ILLINOIS ST  Portland, OR 97239
  $515,000Available  
  3 bed / 2.0 baths | 936 sq ft
7404 N WAYLAND AVE  Portland, OR 97203
  $598,000Available  
  2 bed / 1.1 baths | 938 sq ft
4817 NE GARFIELD AVE  Portland, OR 97211
  $749,000Available  
  4 bed / 3.0 baths | 1,579 sq ft
12209 NW SUNNINGDALE DR  Portland, OR 97229
  $850,000Available  
  3 bed / 2.1 baths | 2,853 sq ft
7031 N MONTANA AVE  Portland, OR 97217
  $489,900Available  
  3 bed / 1.0 baths | 1,298 sq ft
6950 SW ALDEN CT  Portland, OR 97223
  $699,333Available  
  4 bed / 3.1 baths | 2,443 sq ft
5670 NW LARK MEADOW TER  Portland, OR 97229
  $575,000Available  
  4 bed / 2.1 baths | 2,414 sq ft
3429 SE WASHINGTON ST  Portland, OR 97214
  $610,000Available  
  3 bed / 2.0 baths | 1,094 sq ft
4224 N COLONIAL AVE  Portland, OR 97217
  $578,000Available  
  3 bed / 2.0 baths | 952 sq ft
1726 SE 45TH AVE  Portland, OR 97215
  $690,000Available  
  3 bed / 2.0 baths | 1,320 sq ft
5029 NE 31ST AVE  Portland, OR 97211
  $759,000Available  
  4 bed / 3.1 baths | 2,049 sq ft
10827 NW State LN  Portland, OR 97229
  $849,950Available  
  4 bed / 3.0 baths | 2,664 sq ft
11509 NW MELODY LN NW  Portland, OR 97229
  $795,000Available  
  6 bed / 4.1 baths | 2,464 sq ft
8902 SW WASHINGTON DR  Portland, OR 97223
  $629,000Available  
  4 bed / 2.1 baths | 2,544 sq ft
12518 SE SHERMAN ST  Portland, OR 97233
  $559,900Available  
  2 bed / 3.0 baths | 1,868 sq ft
3248 SW 55TH DR  Portland, OR 97221
  $3,250,000Available  
  4 bed / 3.1 baths | 3,304 sq ft
10830 NW COPELAND ST  Portland, OR 97229
  $933,300Available  
  3 bed / 2.0 baths | 1,376 sq ft
11873 NW MAPLE HILL LN  Portland, OR 97229
  $724,900Available  
  4 bed / 2.1 baths | 2,662 sq ft
2616 NE 63RD AVE  Portland, OR 97213
  $699,950Available  
  5 bed / 3.0 baths | 1,508 sq ft
3710 SE 86TH AVE  Portland, OR 97266
  $409,000Available  
  3 bed / 1.2 baths | 1,298 sq ft
3131 SW TALBOT RD  Portland, OR 97201
  $2,240,000Available  
  5 bed / 4.1 baths | 3,752 sq ft
455 S HAMILTON CT 602 Portland, OR 97239
  $1,395,000Available  
  3 bed / 2.1 baths | 3,017 sq ft
4729 SE 61ST AVE  Portland, OR 97206
  $432,000Available  
  3 bed / 1.1 baths | 1,076 sq ft
1023 N JARRETT ST  Portland, OR 97217
  $729,000Available  
  0 bed / baths | 0 sq ft
10214 N LEONARD ST  Portland, OR 97203
  $479,900Available  
  3 bed / 1.0 baths | 1,360 sq ft
6632 N MEARS ST  Portland, OR 97203
  $479,900Available  
  3 bed / 1.1 baths | 1,152 sq ft
2433 SE LADD AVE  Portland, OR 97214
  $1,250,656Available  
  5 bed / 2.0 baths | 3,539 sq ft
6230 SE BOISE ST  Portland, OR 97206
  $524,900Available  
  4 bed / 2.0 baths | 1,618 sq ft
16415 NE TILLAMOOK ST  Portland, OR 97230
  $449,000Available  
  3 bed / 3.0 baths | 2,068 sq ft
4812 SE 43RD AVE  Portland, OR 97206
  $899,900Available  
  4 bed / 3.0 baths | 1,564 sq ft
4526 SE STARK ST  Portland, OR 97215
  $599,000Available  
  4 bed / 2.0 baths | 1,506 sq ft
1540 SW 57TH AVE  Portland, OR 97221
  $635,000Available  
  3 bed / 3.0 baths | 1,592 sq ft
6731 SE CLATSOP ST  Portland, OR 97206
  $435,000Available  
  3 bed / 1.0 baths | 1,036 sq ft
1010 NE 118TH AVE  Portland, OR 97220
  $420,000Available  
  3 bed / 2.0 baths | 1,032 sq ft
4049 NE 17TH AVE  Portland, OR 97212
  $675,000Available  
  4 bed / 2.1 baths | 1,700 sq ft
8968 SW JOE CT  Portland, OR 97223
  $950,000Available  
  6 bed / 4.0 baths | 2,815 sq ft
4221 NE 66TH AVE  Portland, OR 97218
  $600,000Available  
  3 bed / 2.0 baths | 980 sq ft
4205 SW DOWNS VIEW CT  Portland, OR 97221
  $1,150,000Available  
  3 bed / 2.0 baths | 1,783 sq ft
2910 SW COLLINS CT  Portland, OR 97219
  $515,000Available  
  3 bed / 2.0 baths | 1,664 sq ft
5507 N HARVARD ST  Portland, OR 97203
  $549,900Available  
  3 bed / 2.0 baths | 1,384 sq ft



This content last updated on 06/24/2021, 09:19 (9:19 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 © 2021 RMLS™, Portland, Oregon.



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Portland Homes For Sale: April 2018 Report