April 2021 Market Update: Portland

house in portland

Key takeaways for the month

The market in Portland, Beaverton, and Hillsboro continues to be extremely competitive for buyers. 

  • Homes are selling with lightning speed. The median days on market for single family homes in Portland is 5 days, down -44.4% from 9 days in pre-pandemic April 2019. In Beaverton and Hillsboro, days on market drops to 4, where it’s holding for the fourth consecutive month, down -42.8% from 7 days in pre-pandemic April 2019. 
  • Prices continue to rise. Single family homes in Portland are seeing sale prices up 17.7% from last year (and April 2020 sale prices were affected by the pandemic minimally or not at all). Likewise, Beaverton and Hillsboro median sale price is up 16.6% year over year. List prices also rose. 
  • Buyers are paying above list price. In Portland, single family homes see a sale-to-list price ratio of 104.8%, a multi-year high. In Beaverton and Hillsboro, the ratio is 104.6%, holding about steady with March’s 104.7%.

Sale Price

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Days on Market

Number of Properties Listed

Number of Properties Pending Sale

Portland data includes the city of Portland.

Hillsboro & Beaverton data includes the cities of Hillsboro and Beaverton.

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