Portland Metro Real Estate Market Update – February 2025
Portland Metro Real Estate Market Update – February 2025
The Portland housing market continues to evolve, and whether you’re thinking about buying, selling, or investing, staying informed is key. As we move into 2025, we’re seeing rising home prices, more listings, and strong buyer demand despite homes spending slightly longer on the market.
Here’s a breakdown of the latest real estate trends in Portland Metro and what they mean for you.
Portland Metro Housing Market at a Glance (January 2025 Data)
- New Listings: 2,205 (+13.6% YoY)
- Pending Sales: 1,719 (+15.2% YoY)
- Closed Sales: 1,213 (+8.3% YoY)
- Median Home Price: $537,000 (+6.3% YoY)
- Average Home Price: $600,300 (+6.3% YoY)
- Inventory: 3.7 months
- Days on Market: 88
These numbers tell us that more homes are hitting the market, but demand remains strong, leading to steady price increases across the metro area.
What This Means for Buyers and Sellers
For Sellers: A Strong Market, But Pricing Matters With home values up by 6.3% year-over-year, sellers have an opportunity to get top dollar for their homes. However, with inventory rising to 3.7 months and homes spending an average of 88 days on the market, pricing competitively is more important than ever.
If you’re planning to sell, working with an experienced agent who knows how to position your home in this evolving market can make all the difference.
For Buyers: More Options, But Competition Remains Inventory is increasing, giving buyers more choices, but demand remains strong. With pending sales up 15.2%, it’s clear that buyers are still active and ready to move when they find the right home.
If you’re planning to buy in 2025, here are some key strategies for success:
- Get Pre-Approved: With competition still high, having financing in place gives you an edge.
- Act Quickly: Homes are selling in just under three months, so waiting too long could mean missing out.
- Work with a Pro: A local real estate expert can help you navigate competitive offers and find hidden opportunities.
Neighborhood Trends: Where Are Home Prices Now?
The real estate market varies significantly depending on location. Here’s a look at median home prices across different areas of Portland Metro:
- Lake Oswego/West Linn: $767,500
- Beaverton/Aloha: $520,000
- Northeast Portland: $480,000
- Gresham/Troutdale: $505,000
- West Portland: $636,300
Whether you’re looking for a quiet suburban setting, a historic neighborhood, or an urban vibe, understanding these local trends is crucial when buying or selling.
Affordability and Mortgage Trends
The affordability index for Portland Metro shows that a household earning the median income of $116,900 can afford 89% of a typical monthly mortgage payment on a median-priced home ($535,000). This is based on a 20% down payment and a 30-year fixed mortgage rate of 6.63%.
This means affordability is still a challenge for many buyers, but there are strategies to make homeownership more accessible, including exploring first-time homebuyer programs, VA loans, and low down payment options.
Thinking About Buying or Selling? Let’s Talk
Whether you're considering listing your home, buying your first house, or investing in real estate, having the right strategy matters in this market. I work closely with buyers and sellers across Portland Metro to navigate the changing landscape and make smart, informed moves.
Let’s talk about your real estate goals and how I can help you achieve them.
Contact Nathan Stancil – Your Portland Real Estate Expert
Nathan Stancil
Real Broker LLC
Call or text: 503.621.4693
Email: nathan@stancilre.com
Browse Listings: exploreoregonhomes.com
If you have questions about the market, home values, or buying and selling strategies, let’s connect.
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