Portland Downtown Housing Market Report May 2025•Multnomah County, Oregon

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Housing Prices in Portland Downtown, OR

How much do homes in Portland Downtown, OR cost?

Housing Market Conditions

Is Portland Downtown, OR a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Portland Downtown is a Buyer's Market

Difference Since May 2024

Since last year, Portland Downtown has remained a Buyer's Market.

Insight

Portland Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$337,000$337/SqFt
-$45,500
-11.9%

Based on all homes sold in the last 12 months

Insight

Homes in Portland Downtown have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in Portland Downtown was $337,000 in May 2025, down 11.9% from last year, and the median price per square foot was $337.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pearl District
-2.9%
Goose Hollow
-4.4%
Buckman
-9.4%
Old Town-Chinatown
-10.7%
Portland Downtown
-11.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$262.5K$257.5K
-1.9%
2$465K$416.2K
-10.5%
3$750K$520K
-30.7%
4--
N/A
5--
N/A

Summary: Portland Downtown housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.9%. The home price for 2 bedroom homes decreased by -10.5%. The home price for 3 bedroom homes decreased by -30.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Portland Downtown, OR compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Portland Downtown, OR

Housing supply in Portland Downtown, OR

How many homes are available in Portland Downtown, OR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
111Last MonthMay 2025
992 months agoApr 2025
+12.1 %
Change MoMApr – May

Summary: The Portland Downtown real estate market had 111 homes for sale in May 2025, a 12.1 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthMay 2025
92 months agoApr 2025
+22.2 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
14348
+11.6%
24449
+11.4%
31113
+18.2%
411
0.0%
500
0.0%

Summary: Portland Downtown housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +11.6%. The inventory for 2 bedroom homes increased by +11.4%. The inventory for 3 bedroom homes increased by +18.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Portland Downtown, OR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Portland Downtown, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Portland Downtown in May 2025, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and and 18% were sold over asking.

Days on Market for Portland Downtown, OR

How long does it take to sell a home in Portland Downtown, OR?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days4 Homes

Over 90 Days2 Homes

Insight

Many homes in Portland Downtown are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 11 homes were sold in Portland Downtown; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
72 DaysThis YearMay 2025
47 Days1 year agoMay 2024
+51.5 %
Change YoYMay 2024 – May 2025

Summary: Homes in Portland Downtown had an average listing age of 72 days in May 2025, up by 51.5% compared to the previous year.

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Newest Listings in Portland Downtown, OR

What homes are available in Portland Downtown, OR?

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MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service, for the period 06/01/2023 - 06/01/2025

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2025, 11:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.