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)
4407 SW STEPHENSON ST  Portland, OR 97219
  $514,999Available  
  3 bed / 2.0 baths | 956 sq ft
10006 N LEONARD ST  Portland, OR 97203
  $419,000Available  
  3 bed / 2.0 baths | 1,216 sq ft
6628 N KERBY AVE  Portland, OR 97217
  $499,900Available  
  3 bed / 2.1 baths | 1,642 sq ft
528 NE 92ND AVE  Portland, OR 97220
  $419,900Available  
  3 bed / 2.0 baths | 1,533 sq ft
20660 NW ROCK CREEK BLVD  Portland, OR 97229
  $525,000Available  
  4 bed / 3.0 baths | 1,713 sq ft
46 SW ABERNETHY ST  Portland, OR 97239
  $900,000Available  
  4 bed / 3.1 baths | 2,459 sq ft
114 NE 65TH AVE  Portland, OR 97213
  $649,900Available  
  5 bed / 2.0 baths | 1,437 sq ft
2463 NW JEAN LN  Portland, OR 97229
  $439,999Available  
  3 bed / 2.1 baths | 1,776 sq ft
4920 SE BOISE ST  Portland, OR 97206
  $525,000Available  
  3 bed / 2.0 baths | 1,396 sq ft
2028 SE HAROLD ST  Portland, OR 97202
  $645,000Available  
  5 bed / 4.0 baths | 1,880 sq ft
1556 NE 74TH AVE  Portland, OR 97213
  $499,999Available  
  3 bed / 2.1 baths | 1,837 sq ft
1415 SE 49TH AVE  Portland, OR 97215
  $499,950Available  
  2 bed / 1.0 baths | 1,344 sq ft
5036 N LOMBARD ST  Portland, OR 97203
  $445,000Available  
  0 bed / baths | 0 sq ft
1607 N PRESCOTT ST  Portland, OR 97217
  $649,000Available  
  3 bed / 3.0 baths | 2,103 sq ft
1991 SW MILL STREET TER  Portland, OR 97201
  $669,900Available  
  2 bed / 2.1 baths | 784 sq ft
1525 NE 47TH AVE  Portland, OR 97213
  $445,000Available  
  3 bed / 2.0 baths | 976 sq ft
3415 NE HANCOCK ST  Portland, OR 97212
  $549,900Available  
  3 bed / 1.0 baths | 1,365 sq ft
4889 NE Going ST  Portland, OR 97218
  $675,000Available  
  3 bed / 2.1 baths | 1,771 sq ft
8524 NE FREMONT ST  Portland, OR 97220
  $425,000Available  
  4 bed / 2.0 baths | 832 sq ft
1303 NW 24TH AVE  Portland, OR 97210
  $899,000Available  
  4 bed / 1.2 baths | 2,218 sq ft
4124 N Michigan AVE  Portland, OR 97217
  $3,147,900Available  
  0 bed / baths | 0 sq ft
1604 NW CAITLIN TER  Portland, OR 97229
  $729,000Available  
  4 bed / 2.1 baths | 2,760 sq ft
203 SW KINGSTON AVE  Portland, OR 97205
  $1,095,000Available  
  5 bed / 5.0 baths | 2,321 sq ft
3380 SW UNDERWOOD DR  Portland, OR 97225
  $1,000,000Available  
  5 bed / 3.1 baths | 3,531 sq ft
5403 NE 11TH AVE  Portland, OR 97211
  $660,000Available  
  5 bed / 3.0 baths | 3,149 sq ft
19850 NW METOLIUS DR  Portland, OR 97229
  $500,000Available  
  4 bed / 2.1 baths | 2,539 sq ft
4705 NE 11th AVE  Portland, OR 97211
  $675,000Available  
  3 bed / 1.1 baths | 1,900 sq ft
4891 NE Going Street   Portland, OR 97218
  $675,000Available  
  3 bed / 2.1 baths | 1,771 sq ft
3913 NE HANCOCK ST 500 Portland, OR 97212
  $2,075,000Available  
  4 bed / 3.1 baths | 3,599 sq ft
13200 SW CHELSEA LOOP  Portland, OR 97223
  $449,900Available  
  3 bed / 2.1 baths | 1,508 sq ft
9033 SW ROBERT GRAY LN  Portland, OR 97225
  $639,900Available  
  3 bed / 2.1 baths | 2,930 sq ft
1162 NE 72ND AVE  Portland, OR 97213
  $539,900Available  
  0 bed / baths | 0 sq ft
6120 SE FLAVEL ST  Portland, OR 97206
  $425,000Available  
  3 bed / 2.1 baths | 1,557 sq ft
1850 SE 44TH AVE  Portland, OR 97215
  $499,999Available  
  4 bed / 1.0 baths | 1,500 sq ft
4026 SE 52ND AVE  Portland, OR 97206
  $425,000Available  
  4 bed / 2.1 baths | 1,575 sq ft
4126 SW 54TH PL  Portland, OR 97221
  $725,000Available  
  4 bed / 2.1 baths | 2,301 sq ft
2135 NE 62ND AVE  Portland, OR 97213
  $699,900Available  
  4 bed / 2.0 baths | 1,768 sq ft
4915 NW 186TH AVE  Portland, OR 97229
  $570,000Available  
  4 bed / 3.0 baths | 2,040 sq ft
2432 NE GLISAN ST  Portland, OR 97232
  $648,000Available  
  0 bed / baths | 0 sq ft
2741 NE 53RD AVE  Portland, OR 97213
  $825,000Available  
  3 bed / 3.0 baths | 2,475 sq ft
3394 SW BEAVERTON HILLSDALE HWY  Portland, OR 97239
  $449,900Available  
  0 bed / baths | 0 sq ft
5309 NE 52ND AVE  Portland, OR 97218
  $489,900Available  
  4 bed / 2.1 baths | 2,040 sq ft
5525 SE POWELL BLVD  Portland, OR 97206
  $549,000Available  
  0 bed / baths | 0 sq ft
3328 SW BARBUR BLVD 5 Portland, OR 97239
  $1,150,000Available  
  2 bed / 2.1 baths | 2,217 sq ft
2419 SE BELMONT ST A Portland, OR 97214
  $699,900Available  
  3 bed / 3.1 baths | 1,298 sq ft
1410 SE 52ND AVE  Portland, OR 97215
  $650,000Available  
  4 bed / 2.0 baths | 1,896 sq ft
18416 NE MULTNOMAH ST  Portland, OR 97230
  $425,000Available  
  0 bed / baths | 0 sq ft
7744 SE 119TH DR  Portland, OR 97266
  $539,000Available  
  4 bed / 2.1 baths | 1,350 sq ft
10841 NW State LN  Portland, OR 97229
  $819,950Available  
  4 bed / 3.0 baths | 2,918 sq ft
550 NE 150TH PL  Portland, OR 97230
  $410,000Available  
  3 bed / 3.0 baths | 1,450 sq ft



This content last updated on 09/19/2020, 22:18 (10:18 PM) 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.



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Portland Homes For Sale: April 2018 Report