Fewer homes sold in Portland city limits last year than in the year before, with the same leisurely average of 25 days on the market and just a 4 percent boost overall in the one-year median price change. Does that mean things were calm? As we learned from some homeowners who shared their stories with us, the answer is an emphatic no, and it all depended on just when and where you were looking, and your level of patience. There was the regular spring rise, a steeper than usual fall dip, and enough peaks and valleys in between to make for a real thrill ride.
Need room to roam? The largest homes, on average, sold in Dunthorpe, Forest Park, and Healy Heights. Love that urban density? The Pearl District and Sunnyside are the most densely populated west-side and east-side neighborhoods, respectively. Looking to hoof it? On the east side, University Park, Kerns, and Reed have the highest rate of people who walk to work. Do the kids need playmates? Pleasant Valley, Dunthorpe, Collins View, and Laurelhurst have the highest percentage of homes with children. Looking for other specifics check out the neighborhood details below.
Neighborhood Details
Median 2022 home sale price ($)
The median 2022 home sale price provides a snapshot of the real estate market in each neighborhood. It indicates the middle point where 50% of homes sold for more and 50% sold for less.
Average 2022 home sale price ($)
The average 2022 home sale price gives the mean price of all homes sold in a neighborhood for the year. It considers all prices and calculates the sum, which is then divided by the total number of homes sold.
Homes sold in 2022 (#)
The number of homes sold in 2022 provides an indication of the level of activity in the real estate market for each neighborhood. It shows the total count of residential properties that were sold during the year.
1-year median price change 2021-22 (%)
The 1-year median price change from 2021 to 2022 represents the percentage increase or decrease in the median home sale price in a neighborhood from the previous year. It helps to understand the direction and magnitude of price fluctuations in the market.
5-year median price change 2017-22 (%)
The 5-year median price change from 2017 to 2022 shows the percentage change in the median home sale price over a 5-year period. It provides a longer-term perspective on the appreciation or depreciation of home values in a neighborhood.
Average days on market
The average days on the market represents the average number of days it takes for a property to
