Portland, OR Foreclosures
How much do homes sell for in Portland, OR?
The average home price is currently $671,312.
In Portland, OR, how many homes are available?
There are currently 1,221 active home listings available in Portland.
What’s the average rental cost in Portland, OR?
The average rental price in Portland is $1,432.
What is the most expensive home in Portland?
The most expensive home sold in Portland had a price of $216,910,096.
What is currently the cheapest priced home in Portland, OR?
The cheapest home for sale in Portland is priced at $10,514.
Living in Portland, OR
Portland, OR, is a vibrant city renowned for its rich cultural scene, commitment to sustainability, and access to nature. With a variety of neighborhoods offering distinct lifestyles, Portland attracts diverse residents seeking urban convenience alongside outdoor adventures. Residents enjoy a rich array of recreational activities and local amenities, making it an appealing place to live.
Current Market Conditions in Portland, OR
The Portland real estate market has seen a steady increase in home prices over the past year, primarily due to low inventory and high demand. The city's unique features, such as its culture, outdoor lifestyle, and overall livability, continue to drive interest from buyers, including those relocating from other states seeking the charm of the Pacific Northwest.
Recently, there has been a notable trend where homes are selling faster than they were earlier in the year, indicating a competitive market. Homes in desirable neighborhoods, particularly those close to amenities, parks, and public transport, command higher prices, while properties that need significant repairs or are located further from the city center may linger on the market longer.
Home Value Estimator For Portland, OR
There are currently 269,461 real estate properties
in Portland, OR,
with a median automated valuation model (AVM) price
of $552,760.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Portland, OR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Portland, OR,
is $671,312.00, with the most expensive house
in Portland, OR, topping out
at $216,910,096.00 and the cheapest home
in Portland, OR,
clocking in at $10,514.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Portland, OR!
Rent Prices
In Portland, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Portland, OR, is on
a rollercoaster ride. The
average rent price in Portland, OR,
is $1,432.00. Indeed, when looking to rent in
Portland, OR, you can expect to pay as little
as $610.00 or as much
as $4,740.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Portland, OR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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