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Portland Housing Market Report

Live home prices, sales and inventory for Portland, plus what's driving the market and what it means for veteran buyers and sellers.

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Portland Market at a Glance

CountyMultnomah (small parts in Washington and Clackamas)
SchoolsPortland Public Schools, plus several East Portland districts
CommuteClose in to downtown, about 10 to 30 minutes
OutdoorsForest Park, Washington Park, Mount Tabor, the Willamette

Portland is the largest market in the metro, with prices that change a lot by neighborhood. Close in neighborhoods stay competitive while some areas offer real room to negotiate.

  • Neighborhoods: from the Pearl and Northwest to Sellwood, St. Johns and East Portland.
  • Price range: condos and starter homes to classic bungalows and view homes.
  • Transit: MAX, streetcar and bike friendly streets.
  • Condos: a large condo market, but VA approval varies by building.
Hawthorne Bridge over the Willamette River in fall

Live Portland Market Data

Homes sold this week, new listings, average prices by property type, a map of recent sales, 12 month price trends and local demographics, straight from RMLS.

Data updates automatically. Tap any number to see those homes.Open full screen →

Portland Neighborhood Markets

Every neighborhood has its own page with homes for sale, schools and walkability. Prices can change a lot from one side of Portland to the other.

Is the Portland Market Slowing Down or Taking Off? videoWatch the VideoIs the Portland Market Slowing Down or Taking Off?The 2026 update: sales, new listings, and tight inventory.

What This Market Means for You

Buying in Portland

  • Get VA preapproved before you tour so you can move fast on the right home.
  • The VA loan's no down payment and no monthly mortgage insurance can save you real money here.
  • Ask about seller paid closing costs on homes that have been listed for a few weeks.
  • Many Portland condos are not VA approved, so check the building before you fall in love.
See Portland Homes for Sale

Selling in Portland

  • Pricing matters: homes priced right in the first two weeks get the strongest offers.
  • Price for your exact neighborhood, since Portland micro markets vary block by block.
  • Veteran sellers save with our 20% or 25% seller discount program.
  • Ask for a free marketing plan with a net sheet and prep plan within one business day.
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Are Home Prices Going to Drop in 2026? videoWatch the VideoAre Home Prices Going to Drop in 2026?Cooling and falling prices are not the same thing.

Portland Market FAQ

Is Portland a buyer's or seller's market right now?

It depends on price range and location. Use the live report above to compare homes sold with new listings, or ask Troy for a free read on the part of Portland you are watching.

Which Portland neighborhoods are most affordable?

East Portland, parts of North Portland and some outer Southeast neighborhoods tend to offer lower prices. Use the live report and price buttons above to compare.

Can I use a VA loan in Portland?

Yes. Eligible veterans with full entitlement can buy with no down payment and no monthly mortgage insurance. Your lender confirms how much you qualify for.

How often is this market report updated?

The live report pulls from RMLS automatically, so sales, new listings and open houses update as they happen.

Troy Doty, Principal Broker

Want a Straight Read on Portland?

I'm Troy Doty, a Marine Corps veteran and Principal Broker with 25 years and 1,000+ homes sold across the Portland metro and SW Washington. I'll tell you what homes are really selling for in the parts of Portland you're watching, and how to make your VA offer stand out.

Schedule a Call503.997.4169

Market data provided by RMLS and updated automatically. Demographic data provided by ATTOM Data Solutions. Information is deemed reliable but not guaranteed. Portland Veteran Homes is a private, veteran owned real estate company and is not affiliated with the U.S. Department of Veterans Affairs.