September Market Update: Portland

aerial photography of city with high-rise buildings viewing mountain under gray sky

Key takeaways for the month

September data shows that the Portland-area market is strong across the board, particularly for single family homes. 

  • Single family home sale prices are up in Portland as well as Beaverton/Hillsboro. That’s true both month over month and by as much as 9% year over year, which marks the largest jump since May 2017.
  • List prices for single family homes dropped across the board, indicating that sellers recognize competition in the market and are underpricing to encourage bidding wars. This competition is evident in the increase in sale-to-list price ratio. 
  • The number of single family homes listed didn’t increase accordingly, which may point to sellers holding out to see if the market increases further. Wildfire threat may also have played into the decrease in new listings. 

Competition snapshot

Our Research Team looked into sales in the hottest zip codes in a select area for a snapshot of local competition.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


Portland data includes the city of Portland.

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


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