For Buyers and Sellers

How's The Market?


Oregon First, Realtors® | Washington First Properties

Greater Portland Metro Area

Here are the most recent numbers from the Regional Multiple Listing Service’s “Market Action” report that comes out mid-monthly and is e-mailed to all member Realtors®. This is data specific to our market, and drills down into particular cities and neighborhoods so it’s much more accurate than the national and regional reports you find in most media reports.

RESIDENTIAL HIGHLIGHTS

  • New listings (3,971) increased 16.1% from the 3,419 listed in May 2020, and decreased 2.3% from the 4,065 listed in April 2021.
  • Pending sales (3,717) increased 19.4.% from the 3,112 offers accepted in May 2020, and increased 9.3% from the 3,400 offers accepted in April 2021.
  • Closed sales (3,183) increased 62.1% from the 1,963 closings in May 2020, and increased 8.0% from the 2,946 closings in April 2021.

AVERAGE & MEDIAN SALE PRICES

Comparing 2021 to 2020 through May, the average sale price has increased 18.9% from $465,600 to $553,500. In the same comparison, the median sale price has increased 17.0% from $419,000 to $490,200. 

SPECIFIC CITIES & NEIGHBORHOODS

Below is a table with data for specific areas. Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months with the 12 months prior. Days on Market is the number of days from when a property is listed until an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market.


Area
Days on Market

Median Sales Price
Appreciation
N Portland
17
$496,300
12.2%
NE Portland
17
$517,000
12.4%
SE Portland
16
$450,000
13.5%
Gresham/Troutdale
20
$426,000
12.9%
Milwaukie/Clackamas
16
$506,000
14.1%
Oregon City/Canby
16
$505,000
13.4%
Lake Oswego/West Linn
28
$735,500
16.3%
W Portland
51
$614,800
11.2%
NW Washington County
15
$598,800
12.7%
Beaverton/Aloha
12
$462,000
8.4%
Tigard/Wilsonville
20
$535,000
13.3%
Hillsboro/Forest Grove
21
$455,000
8.1%
Mt. Hood
18
$420,500
15.1%
Columbia Co.
30
$366,000
11.2%
Yamhill Co.
17
$410,300
15.2%

SW Washington Market Area

Here are the most recent numbers from the Regional Multiple Listing Service’s “Market Action” report that comes out mid-monthly and is e-mailed to all member Realtors®. This is data specific to our market, and drills down into particular cities and neighborhoods so it’s much more accurate than the national and regional reports you find in most media reports.

SW WASHINGTON RESIDENTIAL HIGHLIGHTS

  • New listings (1,055) increased 8.7% from the 971 listed in May 2020, and decreased 6.1% from the 1,123 listed in April 2021.
  • Pending sales (1,039) increased16.5% from the 892 offers acceptedin May 2020, and increased 13.4%from the 916 offers accepted inApril 2021.  
  • Closed sales (832) increased44.2% from the 577 closings in May2020, and increased 0.7% from the826 closings in April 2021.  

AVERAGE & MEDIAN SALE PRICES

Comparing 2021 to 2020through May, the average saleprice has increased 18.2% from$419,400 to $495,800. In the samecomparison, the median sale pricehas increased 14.1% from $386,400to $441,000.  

SPECIFIC CITIES & NEIGHBORHOODS

Below is a table with data for specific areas. Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months with the 12 months prior. Days on Market is the number of days from when a property is listed until an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market.


Area
Days on Market

Median Sales Price
Appreciation
Downtown Vancouver
44
$375,000
9.9%
NW Heights
7
$325,000
11.0%
SW Heights
34
$380,000
22.8%
Lincoln/Hazel Dell
15
$390,000
9.5%
E Hazel Dell
7
$400,000
15.6%
NE Heights
5
$395,000
18.8%
Orchards
13
$395,500
13.5%
Evergreen
8
$378,200
12.9%
E Heights
5
$397,500
22.3%
Cascade Park
8
$430,000
16.9%
Five Corners
9
$380,000
13.1%
E Orchards
23
$458,800
7.9%
Fisher's Landing
8
$457,000
13.0%
SE County
6
$543,500
3.1%
Camas City
14
$612,000
16.1%
Washougal
28
$493,000
21.9%
N Hazel Dell
123
$460,000
15.2%
S Salmon Creek
5
$425,300
10.7%
N Felida
11
$506,500
18.3%
N Salmon Creek
10
$500,000
13.0%
Ridgefield
16
$473,900
8.9%
W of I-5 County
3
$604,000
-4.9%
NW E of I-5 County
66
$440,900
14.5%
Battleground
15
$445,000
15.1%
Brush Prairie
20
$507,400
14.3%
East County
--
--
-12.1%
Central County
7
$600,000
14.2%
Mid-Central County
6
$695,000
13.4%
Yacolt
44
$510,000
19.2%
La Center
35
$490,000
6.3%
N Central
16
$550,000
23.7%
NE Corner
11
$570,000
18.7%
Woodland City
22
$375,000
7.5%
Woodland Area
4
$615,000
8.4%
Cowlitz County
19
$339,500
19.4%
Pacific County
94
$277,500
12.7%