Local home value data · Portland, OR
What's my home worth in Portland, OR?
Portland is an unusual combination: prices have slipped more than in many big cities, yet homes sell quickly and Redfin rates the market as very competitive, which points to buyers moving fast on homes priced to sell.
Is Portland a buyer's or seller's market?
Leaning seller's. Redfin rates Portland 73/100 (very competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Portland
A median sale price of $525,000, down 3.6% year-over-year, shows meaningful price softening, but homes in Portland average only about 19 days on market, faster than 22 a year ago, with around two offers per listing. Lower prices appear to be pulling buyers in, so sellers should price realistically to benefit from that pace.
How Portland compares
Portland's median sale price sits 30% above the U.S. median.
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Is Portland a buyer's or seller's market right now?
The pace favors sellers even as prices ease. Redfin gives Portland a Compete Score of 73 out of 100, labeled very competitive, and homes sell in about 19 days. At the same time the median price is down 3.6% year-over-year, so buyers benefit from lower prices if they are ready to act quickly.
Are Portland home prices dropping?
Yes, modestly. The median sale price for the three months ending August 2026 was $525,000, down 3.6% from the same period last year. Homes are selling about three days faster than a year ago.
How accurate is the Portland median for my neighborhood?
The $525,000 citywide median covers neighborhoods that differ a lot in price and housing type, so it may not match your area. For an estimate based on your own home and nearby recent sales, request a free home value report, which is reviewed by a local agent.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.