"Portland is buzzing with activity, and buyers are showing up in full force. The market is very competitive, with homes selling in just 22 days and drawing about 3 offers each. In July 2025, the median sale price was $545,000, up 4.8% year over year. Nearly 36% of homes sold above list price while 39.2% saw price drops, and the sale-to-list price ratio came in at 99.9%."
"From June through August, most buyers on Redfin searched to stay within the metro, while 22% looked to move elsewhere. Latest Portland listings Holly is an SEO Content Specialist at Redfin with 3 years of experience writing about real estate. She focuses on special home buying scenarios, helping readers navigate unique or complex situations like buying after a divorce, relocating, or purchasing fixer-uppers and vacation homes."
Portland's housing market is active and competitive, with homes selling in about 22 days on average and drawing roughly three offers per listing. The median sale price in July 2025 was $545,000, a 4.8% year-over-year increase. Around 36% of homes sold above list price while 39.2% experienced price reductions, yielding a sale-to-list price ratio of 99.9%. From June through August, most buyers on Redfin searched to remain within the Portland metro, while 22% looked to move outside the metro. Market conditions indicate frequent listings and competitive bidding dynamics.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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