Portland, OR 97211 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market value signal is the median sold price of 500,000, representing the most reliable indicator of recent transaction activity in the neighborhood; given the market context, this figure anchors pricing expectations for both single-family residential and condominium segments.
2. There is a notable spread between the median listing price of 569,000 and the median sold price of 500,000, which may indicate pricing friction and seller expectations above recent transaction levels rather than an immediate market-value uplift.
3. Transaction velocity appears slow based on a median days on market of 222, which suggests prolonged marketing periods and moderate sales velocity rather than rapid turnover; this aligns with a neutral market temperature where buyer-seller dynamics are balanced.
4. Price and financing context: the median price per square foot of 337 coupled with a median market rent of 2,195 provides a snapshot of value and rent levels, while elevated interest rate pressure and current mortgage conditions (approximately 6.53% average 30-year fixed) introduce affordability headwinds that may suppress buyer willingness to pay full asking prices.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.