Housing market report for March 2022: Portland

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March 2022 highlights

Competition in the Portland area picked up in March. Most homes received more than 2 offers, with the average house receiving 6 offers. List prices rose 5% over last month’s median list price while homes continued to sell as much as 11% above list price. Sale prices were up, too, at $580,000 on average—the highest of the year so far.

  • Listed and sold homes both reached a yearly high Over 1,200 homes were listed in Portland in March with nearly 1,100 homes sold in the same time period.
  • Homes sold in less than a week in both Portland and Beaverton The average amount of time it took for a home to sell in Portland was 5 days. In Beaverton, that average was as low as 4 days.
  • Condo values in both Beaverton and Portland were stable In Beaverton, the sale price of condos were 104% of their list prices at an average of $350,000—the same as last month. In Portland, condo values climbed by 5% to $385,000.
  • Homes received more offers on average than last month Last month, the average home in Portland received 5 offers. In March, the average house received 6.3 offers and sold in under a week.

See previous months’ highlights

Competition report

Our research team analyzed the competition in select local areas.

Sale price

List price

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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