Portland, OR metro area Housing Market
Warm MarketComprehensive housing market data for the Portland, OR metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$553K
↑ 1.4% YoY
Days on Market
31 days
↑ 3.3% YoY
Active Inventory
6,273
↓ 2.5% YoY
Homes Sold
2,373
↑ 9.3% YoY
Warm Market
The market is active with moderate buyer demand.
Portland, OR metro area Market Summary
The Portland, OR metro area housing market is heating up. As of March 2026, the median home sale price is $553K, up 1.4% year-over-year. Homes are spending a median of 31 days on the market, 3.3% longer than a year ago.
There are 6,273 homes for sale — 2.5% fewer than last year. With 2.6 months of supply, this is a seller's market. 3,289 new listings were added during this period, up 0.7% year-over-year.
Homes are selling for 99.8% of their list price on average, suggesting room for negotiation. 30.5% of homes sell above their asking price. 33.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
vs. Oregon Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Portland, OR metro area Market Trends
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Detailed Market Metrics
Median List Price
$580K
Price per Sq Ft
$302
Sale-to-List Ratio
99.8%
Months of Supply
2.6
Sold Above List
30.5%
Price Drops
33.6%
New Listings
3,289
↑ 0.7% YoY
Pending Sales
3,056
Off Market in 2 Weeks
42.5%
Other Markets in Oregon
Salem, OR metro area
$450K · 71d on market
Bend, OR metro area
$640K · 40d on market
Eugene, OR metro area
$446K · 32d on market
Medford, OR metro area
$465K · 31d on market
Albany, OR metro area
$425K · 94d on market
Grants Pass, OR metro area
$415K · 50d on market
Roseburg, OR metro area
$345K · 63d on market
Hermiston, OR metro area
$341K · 82d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.