Housing market report for November 2021: Portland

aerial photo of high rise buildings

November 2021 highlights

The Portland market cooled off significantly in November, with both the number of listed and sold properties dipping below 1,000 for the first time since the spring. Competition eased up, too, as the number of days on market for single-family homes crept up to 11—the longest average for the year.

  • Portland single family homes sold slower than they have all year. Median days on market rose for the second month in a row. In November, homes sold 37% slower, from 9 to 11 days, the highest since December. The winter will continue to slow down if current trends continue until the market begins to heat up again in the spring.
  • The sale price for single-family homes was closer to their list price. Homes sold for a median price of only .3% higher than their list price in Portland. Due to a slow-down of competition, bidding was less competitive and homes were selling for asking price throughout the city. 
  • The number of homes listed in Beaverton was the lowest of the year. Home sellers in Beaverton responded to the slow down by listing only 260 homes, the lowest number all year.

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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