Portland, Oregon started 2024 with a total of 864 single-family homes on the market, with a median home price of $659,500 and an average price per square foot of $346.35. By the end of the year, inventory had increased to 973 homes on the market (+13%), with a median home price of $644,000 (-2%), and an average price per square foot of $342 (-1%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.
Portland, Oregon started the year with 42.48% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 48.10% of homes for sale had taken a price cut.
