| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $587,750 | -1.9% YoY |
| Median price per sq ft | $303 | 1,953 sq ft median |
| Median days on market | 66 | -1% YoY |
| Active listings | 8,984 | +7% YoY |
| New listings this month | 2,934 | September 2026 |
| Listings with a price cut | 32% | Share of active |
| Median sale price (closed) | $569,990 | +0.9% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 99.4% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 33.3% | 2,989 pending |
| Inventory vs 2019 | 109% | Active listings vs same month in 2019 |
| Gross rental yield | 3.9% | 2BR fair market rent |
Major metropolitan market · Oregon · September 2026 data
What is the Portland, OR real estate market doing?
As of September 2026, the median home listed in Portland, OR asks $587,750, down 1.9% year over year. Homes spend a median of 66 days on market, with 8,984 active listings and 32% carrying a price cut; pending contracts equal 33% of active listings, and inventory sits at 109% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 3.9%. Figures come from public records and industry data, updated monthly.
Median listing price
$587,750
▼ 1.9% YoY
Median $ / sq ft
$303
1,953 sq ft median
Median days on market
66
September 2026
Active listings
8,984
For sale now
New listings
2,934
September 2026
Listings with price cuts
32%
Share of active
Inventory vs 2019
109%
Same month, 2019 = 100
Pending / active
33%
Contract activity
Median sale price (closed)
$569,990
▲ 0.9% YoY · closed sales · July 2026
Sale-to-list ratio
99.4%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
2,364
Closed sales · July 2026, seasonally adjusted
What is the Portland, OR housing market doing right now?
The Portland, OR housing market lists at a $587,750 median as of September 2026, down 1.9% year over year, with a 66-day median market time and 8,984 homes for sale (32% with a price cut). Active inventory is 109% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.9%.
Portland housing market statistics
The table summarizes Portland's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Portland.
How have home prices changed in Portland?
Portland home prices are down 1.9% year over year and -1.2% month over month as of September 2026, at a $587,750 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Portland OR · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Portland OR · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Portland?
Portland has 8,984 active listings, 2,934 new this month, 2,989 pending as of September 2026. About 32% of active listings have cut their price, and inventory sits at 109% of its 2019 level — a balanced market by pace.
Is Portland a good real estate investment?
Portland scores 45/100 on WealthyBud's composite Investor Score, ranking #559 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
45/100
#559 of 933 covered metros
Price volatility
High
σ 7.1% · 20-yr price-index swings
Portland scores 45/100 on our composite Investor Score (#559 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 28% over five years and +76% over ten, leaving prices 20% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,922/mo for a two-bedroom, the gross rental yield on the median listing is about 3.9%; active inventory sits at 109% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 1.9% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Portland ranks on the trending markets index.
How much is a monthly mortgage payment in Portland?
A home at Portland's $587,750 median listing runs about $3,217 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,904/mo
−$313/mo vs today
At today's rate · 7.28%
$3,217/mo
National weekly average
If rates rise 1% · 8.28%
$3,542/mo
+$325/mo vs today
Principal & interest on the $587,750 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Portland?
To buy Portland’s $587,750 median listing with 20% down, a household needs about $156,000 a year in gross income, keeping principal, interest and property tax ($3,648/mo) at 28% of income. That is 1.7× the area’s $94,573 median household income, so a typical Portland household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $587,750 | September 2026 |
| Down payment (20%) | $117,550 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $3,217/mo | Rate as of 2026-10-01 |
| Property tax (0.88% effective rate) | $431/mo | Census ACS |
| Income needed (28% rule) | $156,000 | Gross household income / yr |
| Median household income | $94,573 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Portland housing market?
Longer-run demand in Portland shows up in 8,502 homes permitted in 2025; net migration of -7,259 residents; -1.5% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
8,502
▼ 6.9% vs 2024
3.4 per 1,000 residents
Net migration (2022–2023)
-7,259
▼ people, via tax-return records
net income flow −$715.5M/yr
Job growth (YoY)
-1.5%
▼ 1,215.3k nonfarm jobs · August 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Earthquake
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Portland real estate news?
In 250 Years of U.S. Housing, We Are Now Living in Unprecedented TimesNewsweek · 2026-07-05→Why is the housing shortage hitting some markets harder?Sarasota Herald-Tribune · 2026-07-05→America's housing market could run out of something more important than homesFox News · 2026-07-02→Housing market predictions for 2026: What buyers, renters, and homeowners can expectYahoo Finance · 2026-07-01→
The Portland housing market is experiencing an unprecedented national housing shortage, with predictions for 2026 available. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Portland by ZIP code
Median price, pace and inventory for 45 Portland ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Portland
The highest-producing real estate agents in Portland, ranked by recent sales.
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Hours, exam and the commission that regulates Oregon agents.
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What real estate agents actually earn across Oregon.
ReadPortland housing market FAQ
What is the median home price in Portland?
As of September 2026, the median listing price in Portland, OR is $587,750, down 1.9% year over year (source: public records and industry data).
How much does it cost to buy a home in Portland?
The median home listed in Portland asks $587,750 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $3,217 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Portland?
The median property in Portland spends 66 days on the market, with 8,984 homes actively listed and 32% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Portland?
With a median 66 days on market and 32% of active listings carrying a price cut, pending contracts at 33% of active listings, Portland reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Portland a good place to invest in real estate?
Portland scores 45/100 on WealthyBud's Investor Score, ranking #559 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Portland?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Portland and the wider Oregon market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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