Single-Family Homes Portland, OR 97220
Your Local Market Report
This week the median list price for Portland, OR 97220 is $505,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 46. Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory.
Real-Time Market Profile
Median List Price
$505,000 $552,500
Median Price of New Listings
Per Square Foot Average Days on Market Median Days on Market Price Decreased
$304
88
50
Buyer's Market
Seller's Market
53
50%
Price Increased
2% 9%
42 Slight Seller's Advantage
Relisted
Inventory
46
Market Narrative In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Median Rent
$2,195
42
Market Action
Slight Seller's Advantage
Market Segments Each segment below represents approximately 25% of the market ordered by price.
Median Price
Sq. Ft.
Lot Size
Beds Bath Age New Absorbed DOM
$684,450
2,825 6,500 - 8,000 sqft
4
2.5 74 4
2
24
$525,000
2,064 6,500 - 8,000 sqft
4
2
75 1
0
56
$477,000
1,409 4,500 - 6,500 sqft
3
2
72 2
2
38
$374,900
883
4,500 - 6,500 sqft
2
1
75 1
1
84
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