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)
5641 N BOSTON AVE  Portland, OR 97217
  $499,900Available  
  3 bed / 1.1 baths | 1,919 sq ft
5247 SW GARDEN HOME RD  Portland, OR 97219
  $695,000Available  
  4 bed / 2.0 baths | 1,400 sq ft
1035 SE CESAR E CHAVEZ BLVD  Portland, OR 97214
  $575,000Available  
  3 bed / 2.1 baths | 1,430 sq ft
4224 NE 9TH AVE  Portland, OR 97211
  $599,000Available  
  4 bed / 2.1 baths | 1,740 sq ft
2625 N WATTS ST  Portland, OR 97217
  $551,300Available  
  3 bed / 2.0 baths | 1,274 sq ft
1850 SE 44TH AVE  Portland, OR 97215
  $899,900Available  
  4 bed / 3.0 baths | 1,500 sq ft
12630 SE KELLY ST  Portland, OR 97236
  $529,900Available  
  3 bed / 2.1 baths | 1,982 sq ft
16868 NW BERNIETTA CT  Portland, OR 97229
  $715,000Available  
  4 bed / 3.0 baths | 2,585 sq ft
624 N BEECH ST  Portland, OR 97227
  $1,400,000Available  
  0 bed / baths | 0 sq ft
7534 SE 34th AVE  Portland, OR 97202
  $995,000Available  
  4 bed / 3.0 baths | 2,081 sq ft
6092 NE GRAND AVE  Portland, OR 97211
  $525,000Available  
  2 bed / 2.1 baths | 1,706 sq ft
14311 NE MILTON ST  Portland, OR 97230
  $600,000Available  
  3 bed / 3.0 baths | 1,739 sq ft
4000 SW TUNNELWOOD ST  Portland, OR 97221
  $1,325,000Available  
  5 bed / 3.1 baths | 1,695 sq ft
0 SE Manley   Portland, OR 97236
  $1,450,000Available  
  0 bed / baths | 0 sq ft
10318 SW TAYLOR ST  Portland, OR 97225
  $425,900Available  
  2 bed / 2.1 baths | 1,274 sq ft
9359 SW TREBLE LN  Portland, OR 97225
  $575,000Available  
  3 bed / 2.1 baths | 2,059 sq ft
3001 SW DOSCH RD  Portland, OR 97239
  $869,000Available  
  2 bed / 3.0 baths | 2,818 sq ft
2433 NE WEIDLER ST  Portland, OR 97232
  $525,000Available  
  3 bed / 2.1 baths | 1,592 sq ft
10214 SW 36TH CT  Portland, OR 97219
  $595,000Available  
  3 bed / 3.0 baths | 2,642 sq ft
11422 SW WOODLEE HEIGHTS CT  Portland, OR 97219
  $699,000Available  
  5 bed / 3.1 baths | 2,369 sq ft
3310 SE CLAYBOURNE ST  Portland, OR 97202
  $949,000Available  
  5 bed / 3.0 baths | 2,178 sq ft
3741 SE CESAR E CHAVEZ BLVD  Portland, OR 97202
  $825,000Available  
  0 bed / baths | 0 sq ft
528 SE 20TH AVE  Portland, OR 97214
  $590,000Available  
  2 bed / 2.0 baths | 868 sq ft
6123 NE 34TH AVE  Portland, OR 97211
  $769,000Available  
  3 bed / 2.1 baths | 2,265 sq ft
5306 NW SKYCREST PKWY  Portland, OR 97229
  $729,900Available  
  5 bed / 3.0 baths | 2,716 sq ft
1112 NE PRESCOTT ST  Portland, OR 97211
  $579,000Available  
  3 bed / 2.0 baths | 1,360 sq ft
6911 N ALBINA AVE  Portland, OR 97217
  $529,900Available  
  4 bed / 2.0 baths | 1,348 sq ft
8612 SW 56TH AVE  Portland, OR 97219
  $1,682,950Available  
  3 bed / 4.0 baths | 2,758 sq ft
4821 NW NESKOWIN PL  Portland, OR 97229
  $775,000Available  
  3 bed / 2.1 baths | 2,725 sq ft
5732 SE 134TH PL  Portland, OR 97236
  $439,900Available  
  3 bed / 2.1 baths | 1,647 sq ft
3720 SE 165TH AVE  Portland, OR 97236
  $670,000Available  
  0 bed / baths | 0 sq ft
4315 NE 72ND AVE  Portland, OR 97218
  $524,900Available  
  3 bed / 2.0 baths | 1,208 sq ft
533 NE 78TH AVE  Portland, OR 97213
  $517,000Available  
  4 bed / 2.0 baths | 1,310 sq ft
14627 NW BLACKTHORNE LN  Portland, OR 97229
  $475,000Available  
  3 bed / 2.0 baths | 1,268 sq ft
4031 NE 23RD AVE  Portland, OR 97212
  $759,000Available  
  4 bed / 2.0 baths | 1,847 sq ft
3136 NW CHAPIN DR  Portland, OR 97229
  $974,900Available  
  4 bed / 2.1 baths | 3,715 sq ft
2036 NE 52ND AVE  Portland, OR 97213
  $759,000Available  
  4 bed / 2.0 baths | 1,600 sq ft
6321 N BOWDOIN ST  Portland, OR 97203
  $449,000Available  
  2 bed / 2.0 baths | 798 sq ft
665 SW 83RD AVE  Portland, OR 97225
  $897,500Available  
  5 bed / 5.0 baths | 2,280 sq ft
4826 SE 79TH AVE  Portland, OR 97206
  $430,000Available  
  4 bed / 2.0 baths | 1,175 sq ft
3010 SE 36TH AVE  Portland, OR 97202
  $649,900Available  
  0 bed / baths | 0 sq ft
107 NE Fremont ST  Portland, OR 97212
  $630,000Available  
  0 bed / baths | 0 sq ft
722 SE BIDWELL ST  Portland, OR 97202
  $635,000Available  
  2 bed / 1.0 baths | 882 sq ft
2720 SW GARDEN VIEW AVE  Portland, OR 97225
  $799,900Available  
  5 bed / 3.1 baths | 2,250 sq ft
2663 SW HAMILTON CT  Portland, OR 97239
  $665,000Available  
  3 bed / 1.0 baths | 1,522 sq ft
10137 SE STEPHENS ST  Portland, OR 97216
  $625,000Available  
  4 bed / 2.1 baths | 1,300 sq ft
5505 SE BYBEE BLVD  Portland, OR 97206
  $425,000Available  
  2 bed / 2.0 baths | 1,493 sq ft
1400 NW IRVING ST 723 Portland, OR 97209
  $634,900Available  
  1 bed / 2.0 baths | 1,688 sq ft
3641 NE 72ND AVE  Portland, OR 97213
  $499,000Available  
  2 bed / 1.1 baths | 1,457 sq ft
13646 NE FAILING ST  Portland, OR 97230
  $440,000Available  
  3 bed / 2.0 baths | 1,434 sq ft



This content last updated on 04/12/2021, 00:18 (12:18 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