Portland, OR Housing Market
Hot MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Portland, OR metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $570K
- Median days on market
- 19 days
- Months of supply
- 2.9
- Active inventory
- 7,719
- Homes sold
- 2,660
- Sale-to-list ratio
- 100.2%
- Listings with price drop
- 36.1%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Near U.S. median (price only)
- Investor fit (heuristic)
- Appreciation · Negotiation
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
- Fast markets reward speed; avoid waiving contingencies without a plan.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Hot Market
Homes are selling quickly with strong competition among buyers.
Portland, OR market summary
The Portland, OR metro area housing market is heating up. As of May 2026, the median home sale price is $570K, down 0.0% year-over-year. Homes are spending a median of 19 days on the market, 0.0% shorter than a year ago.
There are 7,719 homes for sale — 11.3% fewer than last year. With 2.9 months of supply, this is a seller's market. 3,880 new listings were added during this period, down 12.0% year-over-year.
Homes are selling for 100.2% of their list price on average, indicating buyers are paying above asking. 37.3% of homes sell above their asking price. 36.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
53
Contributing Factors
How This Market Compares
vs. National Median
vs. Oregon Median
Investor takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Portland, OR market trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed market metrics
Median list price
$599K
Price per sq ft
$306
Sale-to-list ratio
100.2%
Months of supply
2.9
Sold above list
37.3%
Price drops
36.1%
New listings
3,880
↓ 12.0% YoY
Pending sales
3,281
Off market in 2 weeks
44.1%
Portland, OR housing market FAQs
What is the median home price in Portland, OR?
For the latest published month, the median sale price in Portland, OR is $570K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Portland, OR a buyer's or seller's market?
With about 2.9 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Portland, OR?
For the latest published month, the median days on market in Portland, OR is 19 days — half of homes went pending faster and half slower.
Is Portland, OR good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Portland, OR can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Portland, OR?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Portland, OR deals.
Compare more Oregon metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Bend, OR
$680K · 29d on market
Salem, OR
$458K · 51d on market
Eugene, OR
$463K · 15d on market
Medford, OR
$447K · 36d on market
Albany, OR
$425K · 56d on market
Roseburg, OR
$350K · 42d on market
Newport, OR
$480K · 53d on market
Grants Pass, OR
$430K · 29d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Portland, OR deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.