Is The Portland Metro In a Seller's or Buyer's Market? Here's What The Data Shows.
- Estuardo Perez
- May 1
- 3 min read
Portland Real Estate Snapshot: What's Happening in Early Spring 2025?
Hey Portland! Esty Perez here, your local Real Estate Broker at All Professionals Real Estate. Ready for a quick update on our early Spring 2025 market? Let's dive in.
Sellers Have a Slight Edge, But...
Right now, the market still slightly favors sellers. What does that mean for you if you're thinking of listing? Potential! But preparation is absolutely key.
Win Big: A home that shines – thanks to smart staging, the right price, and great marketing – can attract quick offers, maybe even multiple. It appears that we have two things happening simultaneously; Well-kept homes are seeing multiple offer situations, meanwhile, homes with deferred maintenance are struggling to get any offers at all.
Risk Sitting: Overprice it or skip the prep? Your home might linger, lose momentum, and face price cuts. Strategy matters!
Portland Metro Market Index by City
Portland
Median List Price: $723,000
Median Price of New Listings: $625,000
Average Days on Market: 92
Price Decrease: 40%
Median Rent: $2,650
Gresham
Median List Price: $549,000
Median Price of New Listings: $519,997
Average Days on Market: 86
Price Decrease: 43%
Median Rent: $2,599
Sherwood
Median List Price: $791,495
Median Price of New Listings: $719,500
Average Days on Market: 111
Price Decrease: 36%
Median Rent: $2,649
Beaverton
Median List Price: $684,990
Median Price of New Listings: $641,000
Average Days on Market: 87
Price Decrease: 37%
Median Rent: $2,548
Hillsboro
Median List Price: $649,250
Median Price of New Listings: $624,950
Average Days on Market: 76
Price Decrease: 37%
Median Rent: $2,495
Tigard
Median List Price: $799,000
Median Price of New Listings: $674,950
Average Days on Market: 136
Price Decrease: 37%
Median Rent: $3,195
A Look at the Numbers (It's Interesting!)
This week, we're seeing some mixed signals that both buyers and sellers should know about:
List Prices Up: Average listing prices in Portland Metro are about 4% higher than this time last year. Sellers are optimistic!
Sold Prices Down: However, the average final selling price is actually trending 3% lower compared to last year.
Price Reductions Common: Roughly 37% of current listings have already lowered their asking price.
What This Means for You as a Seller:
Pricing realistically from the start is crucial for sellers. This has always been important, but now it's crucial with the economic uncertainty and volatility in interest rates. Making sure your home is well-maintained, appliances serviced and interior and exterior are clean & presentable to prospective buyers will go a long way in selling your home quickly.
What This Means for You as a Buyer:
For buyers, this data shows there's room to negotiate and find value! Sellers are willing to assist with closing costs as long as they are getting an offer that's within range of their list price. Of course, some repairs may be needed, but focus on critical items (leaking roof, serious health hazards, foundation structure),not minor things like cosmetic defects (chipped paint, small dents on drawers, etc. can always be fixed down the road once you secure the home).
The Takeaway:
It's a nuanced market here in early Spring 2025! Whether buying or selling, having a smart strategy is essential. Having a real estate broker that knows the market and can negotiate strongly and reasonably on your behalf is the differentiator in making your home sale/purchase successful.
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