Portland, OR Housing Market

Portland, OR's median home value is $552K, up 1.7% over the past year. Homes here sell in a median 47 days. Its PropertyIQ Score of 6 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

PropertyIQ tracks the Portland, OR housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this OR market is set to perform against its state benchmark.

Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Portland, OR's PropertyIQ Score of 6 runs below the Pacific norm.

For the Portland, OR market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

Explore the interactive map to see how Portland, OR compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.