March 2021 Market Update: Portland

red flowering tree near wall

Key takeaways for the month

The Portland market continues to be incredibly active, with homes selling about as quickly as it’s possible to sell. See our local Client Advisor’s tips for buying a home in this crazy market.

  • More Portland homes are selling. The number of single family homes listed in Portland is relatively flat year-over-year, decreasing by 2%. However, the number pending is up 62% year-over-year. 
  • Homes are selling over list price. Sale-to-list price ratio for single family homes across the region have risen to their highest levels in years, landing at 104% for single family homes in Portland, and 105% for single family homes in Beaverton and Hillsboro. 
  • Homes can’t sell much faster than they currently are in Portland, as well as Beaverton and Hillsboro. Median days on market are holding steady at 5 days for Portland single family homes, and 4 days for both single family homes and condos in Beaverton and Hillsboro. It’s not possible for homes to enter and exit the market much more quickly!

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

Portland data includes the city of Portland.

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

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