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)
1500 SE GLENWOOD ST  Portland, OR 97202
  $650,000Available  
  0 bed / baths | 0 sq ft
1530 S CAREY LN  Portland, OR 97219
  $1,695,000Available  
  4 bed / 4.2 baths | 3,355 sq ft
3756 NW UNRATH PL  Portland, OR 97229
  $550,000Available  
  4 bed / 3.1 baths | 2,216 sq ft
11347 SW Capitol HWY  Portland, OR 97219
  $434,900Available  
  3 bed / 3.0 baths | 1,212 sq ft
3030 SW SHERWOOD PL  Portland, OR 97201
  $825,000Available  
  4 bed / 2.1 baths | 1,496 sq ft
6644 SE WOODSTOCK BLVD  Portland, OR 97206
  $419,000Available  
  0 bed / baths | 0 sq ft
6437 SW RALEIGHWOOD CT  Portland, OR 97221
  $884,000Available  
  3 bed / 2.1 baths | 2,796 sq ft
10489 SW WINDWOOD WAY  Portland, OR 97225
  $485,000Available  
  3 bed / 2.1 baths | 1,700 sq ft
1835 N ALBERTA ST  Portland, OR 97217
  $685,000Available  
  3 bed / 3.0 baths | 1,749 sq ft
12351 S NORTHGATE AVE  Portland, OR 97219
  $1,480,000Available  
  4 bed / 4.0 baths | 3,648 sq ft
15759 SW DEKALB ST  Portland, OR 97224
  $975,000Available  
  4 bed / 3.1 baths | 4,079 sq ft
2940 SE WOODWARD ST  Portland, OR 97202
  $799,000Available  
  6 bed / 2.0 baths | 2,614 sq ft
7644 NW 167th AVE Lt113 Portland, OR 97229
  $879,950Available  
  5 bed / 4.0 baths | 3,260 sq ft
8015 N OSWEGO AVE  Portland, OR 97203
  $2,800,000Available  
  0 bed / baths | 0 sq ft
1435 NE 73RD AVE  Portland, OR 97213
  $425,000Available  
  3 bed / 1.0 baths | 1,152 sq ft
841 S GAINES ST 1112 Portland, OR 97239
  $1,350,000Available  
  2 bed / 2.1 baths | 2,152 sq ft
1636 N WINCHELL ST  Portland, OR 97217
  $585,000Available  
  4 bed / 2.0 baths | 2,002 sq ft
3324 SE WASHINGTON ST  Portland, OR 97214
  $599,900Available  
  3 bed / 2.0 baths | 1,489 sq ft
6260 SE KNAPP ST  Portland, OR 97206
  $420,000Available  
  2 bed / 2.0 baths | 1,222 sq ft
1323 NE 60th AVE  Portland, OR 97213
  $725,000Available  
  3 bed / 2.1 baths | 880 sq ft
7337 N MOBILE AVE  Portland, OR 97217
  $550,000Available  
  3 bed / 2.0 baths | 930 sq ft
5050 NW KAHNEETA DR  Portland, OR 97229
  $518,900Available  
  3 bed / 2.0 baths | 1,548 sq ft
2317 NE 52ND AVE  Portland, OR 97213
  $1,250,000Available  
  8 bed / 3.1 baths | 3,672 sq ft
11175 S RIVERWOOD RD  Portland, OR 97219
  $4,480,000Available  
  6 bed / 5.3 baths | 9,065 sq ft
13345 NW GLENRIDGE DR  Portland, OR 97229
  $435,000Available  
  3 bed / 2.0 baths | 1,452 sq ft
6600 SE 64TH AVE  Portland, OR 97206
  $452,900Available  
  4 bed / 2.0 baths | 1,305 sq ft
6225 NE 14TH AVE  Portland, OR 97211
  $899,900Available  
  5 bed / 3.0 baths | 1,460 sq ft
11343 SW Capitol HWY  Portland, OR 97219
  $424,900Available  
  3 bed / 3.0 baths | 1,212 sq ft
12435 NE ROSE PKWY  Portland, OR 97230
  $695,000Available  
  4 bed / 4.0 baths | 1,831 sq ft
295 N HAYDEN BAY DR  Portland, OR 97217
  $479,000Available  
  2 bed / 2.0 baths | 1,290 sq ft
7507 SW CAPITOL HWY  Portland, OR 97219
  $449,000Available  
  3 bed / 3.1 baths | 1,113 sq ft
2652 NW BIRKENDENE ST  Portland, OR 97229
  $1,149,000Available  
  5 bed / 4.1 baths | 3,130 sq ft
7036 N MOBILE AVE  Portland, OR 97217
  $689,000Available  
  3 bed / 2.1 baths | 2,399 sq ft
2005 NE PRESCOTT ST  Portland, OR 97211
  $1,200,000Available  
  6 bed / 4.0 baths | 2,718 sq ft
1624 SE LINN ST  Portland, OR 97202
  $550,000Available  
  4 bed / 2.0 baths | 1,560 sq ft
3326 NE LIBERTY ST  Portland, OR 97211
  $499,900Available  
  4 bed / 2.0 baths | 864 sq ft
1778 NE 17TH AVE  Portland, OR 97212
  $749,990Available  
  2 bed / 2.1 baths | 1,290 sq ft
13522 NW Anthem LN  Portland, OR 97229
  $809,950Available  
  4 bed / 3.0 baths | 3,012 sq ft
709 NE 32ND AVE  Portland, OR 97232
  $849,900Available  
  4 bed / 3.1 baths | 2,179 sq ft
9021 NW BARTHOLOMEW DR  Portland, OR 97229
  $1,050,000Available  
  4 bed / 3.1 baths | 2,412 sq ft
12435 NE ROSE PKWY  Portland, OR 97230
  $695,000Available  
  0 bed / baths | 0 sq ft
18 NE IVY ST  Portland, OR 97212
  $550,000Available  
  4 bed / 2.1 baths | 1,668 sq ft
5024 NE 30TH AVE  Portland, OR 97211
  $759,000Available  
  4 bed / 2.1 baths | 2,016 sq ft
6605 SE RHONE ST  Portland, OR 97206
  $435,000Available  
  3 bed / 1.1 baths | 1,824 sq ft
9715 SW QUAIL POST RD  Portland, OR 97219
  $549,900Available  
  3 bed / 2.1 baths | 1,270 sq ft
640 NE 199TH AVE  Portland, OR 97230
  $414,900Available  
  4 bed / 2.0 baths | 1,034 sq ft
14342 NE SISKIYOU CT  Portland, OR 97230
  $500,000Available  
  3 bed / 3.0 baths | 1,674 sq ft
2005 NE PRESCOTT ST  Portland, OR 97211
  $1,200,000Available  
  0 bed / baths | 0 sq ft
1019 NW JOY AVE  Portland, OR 97229
  $520,000Available  
  3 bed / 2.0 baths | 1,750 sq ft
5612 NE 31ST AVE  Portland, OR 97211
  $720,000Available  
  5 bed / 3.0 baths | 2,077 sq ft



This content last updated on 01/18/2021, 22:19 (10:19 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 © 2021 RMLS™, Portland, Oregon.



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Portland Homes For Sale: April 2018 Report