January 2021 Market Update: Portland

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Key takeaways for the month

Portland had a big year in 2020 and January showed no signs of slowing. 

  • Prices are up across the region. January’s median sale price for single-family homes in Portland was up 14.61% over January 2020. In Beaverton and Hillsboro, the jump is a similar 12.21%. 
  • Homes are selling quickly. Month-over-month days on market in Portland are down 40.00% to 30 days for condos and 54.55% to only 5 days for single-family homes. In Beaverton and Hillsboro, condos are down 64.29% to 5 days and single family homes follow by falling 50.00% to 4 days. 
  • February will be interesting. Generally, this region sees flatness or slightly increased activity from January to February. With January continuing the 2020 trend of hotness in the area, it’s likely that we’ll see even more activity in February. 

Competition snapshot

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

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

Number of Properties Sold

Portland data includes the city of Portland.

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

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