Oregon’s real estate market exhibits moderate growth, with rising home values and increasing inventory. Here’s a comprehensive overview:
🏠 Statewide Market Overview
-
Median Sale Price: In April 2025, the median home sale price in Oregon was $516,900, reflecting a 0.6% increase compared to the previous year.
-
Inventory Levels: The number of homes for sale rose by 16.0% year-over-year, indicating a shift towards a more balanced market.
-
Days on Market: Homes are spending an average of 32 days on the market, up 4 days from the previous year.
-
Market Dynamics: The median sale-to-list price ratio is 0.997, suggesting that homes are selling close to their listing prices.
🌆 Regional Highlights
Portland Metro Area
-
Price Trends: After a dip in February, the average sale price rebounded to $597,400 in April 2025.
-
Market Activity: Inventory levels are building seasonally, offering buyers more options without dramatically shifting the market in either direction. Buyer traffic remains steady, and while slightly softer than previous years, it continues to support some competition.
-
Affordability Challenges: The rise in affluent renters suggests that even high-income households are opting to rent, potentially due to high housing costs.
Central Oregon (Bend)
-
Market Outlook: The Central Oregon real estate market presents both opportunities and challenges for buyers, sellers, and investors. With its strong economy, growing population, and appeal as a recreational and lifestyle destination, Central Oregon offers ample opportunities for long-term growth and prosperity.
Eugene
-
Inventory Constraints: With only 1.91 months of inventory, this market is undersupplied, fueling strong buyer competition. Many homes are entering contract quickly.
🔮 Market Outlook
Oregon’s housing market is expected to maintain its steady growth trajectory through the remainder of 2025. While home price appreciation is expected to slow down, a major price drop is unlikely. Limited inventory remains a challenge, especially in popular cities like Portland, Bend, and Eugene. Affordability continues to be a concern, with many potential buyers waiting for either home prices or mortgage rates to drop before making a purchase.