Portland Housing Market: Trends & Prices
Portland Real Estate Market Overview
(Last Updated – 09/2026)
While Portland is a large metro area, it isn’t like most cities you’ve come to know. Portland has all of the amenities of a big city but also offers a relaxed vibe.
Biking is extremely common, as are backyard bees and chickens. Fresh honey or eggs, anyone? And if you’re family oriented, don’t worry. There are over 680 schools here, from K-12, including public, private, and charter options.
This sprawling Oregon city has over 635,000 residents, according to the latest census data. Most adults in Portland work and the median household income is $91,478.
The typical home sale price in Portland was $524,653 in August 2026, according to Redfin, which is over $125,000 higher than the home sale price nationwide, but far lower than the median home sale price in Seattle. Going through the mortgage preapproval process could help you see how much house you can afford.
Portland Real Estate Market Trends
If you’re looking to buy in the Portland housing market, you’re entering a very competitive market, with homes spending less time on the market than they did last year and typically selling for their list price.
Once you find a house that you love, you’ll need to act fairly quickly. Redfin reports that hot houses in Portland generally go pending in just six days and sell for 3% over the asking price. Read more about home ownership.
$524,653
Median Sale Price
$314
Median Price Per Square Foot
19 days
Median Time on Market
Portland Housing Market Forecast
The Portland, Oregon, real estate market has warmed a bit in the last year, with prices rising and time on market shrinking. Homes are selling for their list price as well. A statewide housing needs analysis conducted in December 2026 found that much of Oregon, not only Portland, is in the middle of a housing affordability crisis.
Demographics of the Portland Market
The Pacific Northwest has plenty of great cities and towns to settle down in, but over 635,000 people chose Portland. With dozens of parks and more than 680 schools, it’s clear why a broad mix of singles, couples, and families would want to call it home.
Want to know more about the Portland housing market? Keep reading for some key demographics first-time homebuyers and current homeowners should know.
Median Household Income: $91,478
Median Age: 39
College Educated: 54.5%
Homeowners: 51%
Married: 41%
Recommended: The Cost of Living in the U.S.
Popular Portland Neighborhoods
There are 94 neighborhoods to choose from in Portland, which could make house shopping a challenge, especially if you’re new to the area.
Below, you’ll find some fast facts about a few of the bigger neighborhoods.
Buckman
Buckman is a walkable neighborhood east of the Willamette River with vibrant, creative energy and a diverse population. It offers a range of properties, including historic homes, modern condos, and apartments.
You can also enjoy art galleries, creative studios, nightlife, and neighborhood parks in Buckman, such as Colonel Summers Park. For dining and shopping, the main streets have a variety of coffee shops, pubs, boutiques, and restaurants.
Quick Facts
Population:
10,969
Median Age:
37
Housing Units:
6,310
Bike Score:
95/100
Walk Score:
92/100
Transit Score:
58/100
Median Household Income:
$87,131
Buckman Housing Market
Home prices in Buckman were down 0.45% year over year in August 2026, and some homes receive multiple offers. The average home goes to pending in 16 days, but a hot property can be snapped up in just one week.
Median Sale Price
$624,698
Median Price Per Square Ft.
$327
Hazelwood
If you’re looking for all the benefits of living in a city while enjoying a suburban vibe, consider Hazelwood. This neighborhood is near some busier parts of Portland but remains a quiet residential area.
Commuting to other parts of the city is easy, but there’s a decent number of shops and businesses within the neighborhood if you prefer staying close by.
Quick Facts
Population:
15,867
Median Age:
39
Housing Units:
6,670
Bike Score:
83/100
Walk Score:
64/100
Transit Score:
53/100
Median Household Income:
$70,290
Hazelwood Housing Market
Hazelwood is a somewhat competitive neighborhood in Portland right now. In August 2026, home values in the area were down 5.5% compared to last year.
Homes are moving a bit more slowly, although it’s still not unusual to see multiple offers on some homes. The average property sells for around list price in roughly 27 days.
Median Sale Price
$415,799
Median Price Per Square Ft.
$221
Alameda
Alameda is a historic neighborhood where you can enjoy lovely views of Downtown, the Willamette River, and the Cascade Mountains. If you are drawn to quiet living, this could be a fit for you. Alameda has nearby access to parks and is located on the Alameda Ridge, where you can follow the walking routes and climb the neighborhood’s famous staircases. The neighborhood also has highly rated schools.
Quick Facts
Population:
5,350
Median Age:
40
Housing Units:
2,373
Bike Score:
93/100
Walk Score:
64/100
Transit Score:
46/100
Median Household Income:
$122,259
Alameda Housing Market
Alameda is most competitive as real estate markets go. Sale prices increased 6.9% year over year as of August 2026, and average homes go pending in around five days. If you’re interested in buying a home in this neighborhood, you may need to look into a jumbo loan.
Median Sale Price
$978,028
Median Price Per Square Ft.
$402
Concordia
Home to the University of Oregon, Portland, Concordia is a lively academic area where you can enjoy activities at the university’s amphitheater or the McMenamins Kennedy School, a historic elementary school that has been converted into a hotel, pub, movie theater, and event space. You can also visit Fernhill Park and the Alberta Arts District, which features colorful murals, galleries, and boutiques.
With its Craftsman and bungalow homes and neighborhood amenities, Concordia could be an appealing choice for those seeking an active yet family-friendly community.
Quick Facts
Population:
4,810
Median Age:
38.7
Housing Units:
2,174
Bike Score:
96/100
Walk Score:
76/100
Transit Score:
48/100
Median Household Income:
$112,586
Concordia Housing Market
The market in Concordia is considered very competitive. The average home sells for 1% above list price in around nine days, but hot homes can go to pending in just four days.
Median Sale Price
$668,677
Median Price Per Square Ft.
$357
Sellwood-Moreland
Sellwood-Moreland is a quiet neighborhood in the southeastern part of Portland. The homes range from classic Craftsman and Tudor-style houses to modern structures with ample yard space.
The area features an antique row, boutiques, and a variety of dining options, while Sellwood Riverfront Park and Oaks Amusement Park are great places to participate in outdoor activity. The neighborhood’s schools, community association, and transit connections allow for blending a small-town lifestyle with urban living.
Quick Facts
Population:
12,955
Median Age:
37.8
Housing Units:
6,058
Bike Score:
96/100
Walk Score:
81/100
Transit Score:
42/100
Median Household Income:
$104,971
Sellwood-Moreland Housing Market
The Sellwood-Moreland housing market is considered very competitive. Many homes get multiple offers, so it’s a good idea to get your home loan lined up before your home search is serious. Average homes in this neighborhood go pending in about 11 days and sell for around list price.
Median Sale Price
$549,735
Median Price Per Square Ft.
$350
SoFi Home Loans
Nature, interesting neighborhoods, and an emphasis on letting your hair down: That’s Portland, Oregon. The Portland housing market continues to hold appeal. If you think Portland could be your home sweet home, then you may need to consider your mortgage financing options.
If you’re buying a home or refinancing an existing mortgage, SoFi can help you make the process as quick and painless as possible.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Is there a housing shortage in Portland?
Although there is still a shortage of affordable housing in Portland, the overall inventory has increased slightly in recent years. In the long term, the city’s Housing Production Strategy is addressing the need for more housing to accommodate a growing and diverse population. Oregon as a whole remains on the list of states with the most significant housing challenges, according to a 2026 analysis by realtor.com.
Is this a good time to buy a house in Portland?
Whether it’s a good time to buy a house in Portland will depend as much on your personal financial situation as on the price of homes in the Rose City. If you have a solid credit score and can cover the cost of a home in your price range, including a down payment (which could be as low as 3% for some first-time homebuyers), that’s a good sign that it’s time. Another thing to consider is the cost of buying compared to renting.
Is Portland a buyer’s market now?
Portland is not really a buyer’s market, although some neighborhoods have seen small declines in housing prices. The housing market of Portland as a whole is considered very competitive, and many neighborhoods within it are considered at least somewhat competitive markets by Redfin as of August 2026.
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