Portland Metro Real Estate Snapshot

📌 Quick Summary

Median list price: $664,950

New listings median price: $607,500

Price per sq. ft.: $313

Average Days on Market (DOM): 92

Median DOM: 56

Inventory: 1,738 homes

Median rent: $2,780

Market Action Index (MAI): 39 → slight seller’s advantage Summary

🏡 Market Insight

Portland’s housing market is showing signs of cooling while holding in a seller’s zone. The median list price is $664,950, with new listings averaging $607,500. Prices have plateaued, reflecting a balanced tug-of-war between buyers and sellers.

Homes are sitting longer, with the average DOM at 92 days and the median DOM at 56 days, meaning half of new listings sell in under two months. Inventory has stabilized at 1,738 homes, up from earlier this year, giving buyers more options without tipping fully into buyer’s market territory.

The Market Action Index dipped slightly to 39 (down from 40 last month). If this continues downward, buyers may gain more leverage.

The Portland market shows clear tiering.

• Top quartile: $1.27M median, 4 bed / 3.5 bath, avg. 77 DOM
• Upper mid: $789K median, 4 bed / 2.5 bath, avg. 56 DOM
• Lower mid: $574.9K median, 3 bed / 2 bath, avg. 56 DOM
• Entry tier: $424.9K median, 3 bed / 1.5 bath, avg. 56 DOM

🏢 Local Rental Market

Median rent is holding steady at $2,780, keeping Portland competitive compared to nearby metros. Rent control adjustments (10% cap increase for 2025) may influence investor demand, particularly in duplexes and smaller multifamily properties.

💡 Pro Tip

Buyers: Don’t let longer days on market fool you; sellers are becoming more negotiable, especially if a home has sat for over 60 days. This could be your window to secure concessions or favorable terms.
Sellers: Pricing strategically is key. Overpricing risks being stuck in the plateau while buyers gain confidence.