Portland, OR Foreclosures
How much do homes sell for in Portland, OR?
The average home price is currently $649,167.
In Portland, OR, how many homes are available?
There are currently 17 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 $123,679,520.
What is currently the cheapest priced home in Portland, OR?
The cheapest home for sale in Portland is priced at $10,938.
Living in Portland, OR
Portland, OR, offers a unique blend of vibrant culture, stunning natural scenery, and a commitment to sustainability. Known for its food scene, craft breweries, and outdoor activities, this city caters to a diverse population. With excellent educational institutions and a robust public transit system, Portland is an attractive place to call home.
Current Market Conditions in Portland, OR
The Portland real estate market has shown a steady increase in home values over the past year. Buyers are drawn to the city's rich culture, outdoor lifestyle, and professional opportunities in the tech and creative sectors. The demand for homes continues to grow, especially in neighborhoods known for their walkability and proximity to amenities, impacting the available inventory.
As of the past month, the number of listings has slightly decreased, prompting competition among potential buyers. Given the stagnant supply, housing prices are likely to see an upward trend. However, the city remains more affordable compared to other West Coast cities such as Seattle and San Francisco, making it an attractive option for many. The rental market is also buoying with an increase in demand as many people continue to migrate to the city.
Home Value Estimator For Portland, OR
There are currently 262,696 real estate properties
in Portland, OR,
with a median automated valuation model (AVM) price
of $564,896.00. 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 $649,167.00, with the most expensive house
in Portland, OR, topping out
at $123,679,520.00 and the cheapest home
in Portland, OR,
clocking in at $10,938.00. 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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