If you’re buying or selling a home or condo in the Portland metro area, the latest market stats from March 2025 paint a picture of a gradually strengthening real estate landscape.
According to the most recent RMLS Market Action Report, buyers are becoming more active, sellers are listing more homes, and prices continue their upward trend. Here’s what you need to know if you’re navigating the Portland real estate market:
🔑 Key Highlights from March 2025
- Average sale price increased by 2.0% year-over-year, reaching $613,000.
- Median sale price rose to $545,400, a 1.9% increase from the previous year.
- New listings jumped 10.0% year-over-year, totaling 2,667 homes and condos hitting the market.
- Pending sales climbed by 2.9%, and closed sales rose by 2.2%, showing steady buyer activity.
- Inventory shrank to 3.0 months, and the average time on market decreased to 71 days, signaling a competitive environment.
📈 Year-to-Date Trends: 2025 vs. 2024
The first quarter of 2025 shows healthy growth compared to early 2024:
- New listings: Up 5.8%
- Pending sales: Up 3.0%
- Closed sales: Up 6.7%
- Average price: Up 4.2%
- Median price: Up 2.9%
This is especially relevant for condo buyers and sellers in Portland, where entry-level price points remain competitive, but higher-end listings—especially in West Portland, Lake Oswego, and the Pearl District—are commanding premium prices.
🏡 What This Means for Portland Home & Condo Buyers
For buyers, it’s time to be proactive. With inventory tightening and prices rising, the most desirable homes and condos in Portland are moving quickly. If you’re searching in areas like Southeast Portland, Beaverton, or Northeast Portland, expect multiple-offer situations, particularly on well-priced listings.
💼 Advice for Sellers
Sellers, the market momentum is in your favor. With more buyers returning and homes selling faster, this could be an ideal time to list—especially if your property is move-in ready. Homes priced strategically are seeing quick action, especially those in the $400,000–$700,000 range.
📍 Local Market Insights
Some standout neighborhoods with strong activity and rising prices include:
- SE Portland – Competitive pricing and quick sales
- Lake Oswego & West Linn – Luxury properties continue to perform well
- Beaverton/Aloha & Hillsboro – Hot markets for condos and entry-level homes
Ready to Buy or Sell a Home or Condo in Portland?
With over a decade of experience in the Portland metro real estate market, I help buyers and sellers navigate with confidence, clarity, and strategy. Whether you’re upsizing, downsizing, or buying your first condo in the city, I’m here to guide you every step of the way.