"Portland's housing market is buzzing with activity and remains highly competitive. Homes sell quickly, averaging just 22 days on the market and often drawing multiple offers. In July 2025, the median sale price was $545,000, up 4.8% from last year. Nearly 36% of homes sold above list price, though close to 40% saw price drops, showing how dynamic the market can be. With most buyers choosing to stay local, Portland continues to attract interest while offering plenty of movement for sellers and buyers alike."
"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. Holly is passionate about helping readers make informed decisions, especially when it comes to understanding their options in challenging transactions or working with the right buyer's agent. Connect with Holly"
Portland's housing market is highly active and competitive, with homes typically selling in about 22 days and frequently attracting multiple offers. The median sale price reached $545,000 in July 2025, a 4.8% increase year-over-year. Approximately 36% of homes sold above list price, while nearly 40% experienced price reductions, indicating varied pricing dynamics across listings. Most buyers remain local, contributing to steady demand. The market presents significant opportunities and movement for both sellers and buyers, with rapid sales timelines and diverse outcomes depending on pricing and property conditions.
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