Greater Portland is showing two very different pictures depending on property type. As an aggregate, single-family homes sit at about 2.9 months of inventory with roughly 2, 123 pending listings and an average 44 days on market for sold homes. That combination points to a market where many detached homes are moving relatively quickly and selling in under two months on average.
Condominiums are behaving differently across the metro. The condo inventory sits around 7.3 months with about 180 pending listings and an average of 89 days on market for sold condos. That higher inventory and longer marketing time means condo buyers generally have more choices and more time to evaluate options than buyers of detached homes.
📊 Portland Metro Market at a Glance
Single-Family Homes
Inventory: 2.9 months
Active listings: 6,062
Pending listings: 2,123
Pending-to-active ratio: 25.9%
Average sale price: $666,797
Average sold DOM: 44 days
Condominiums
Inventory: 7.3 months
Active listings: 1,429
Pending listings: 180
Pending-to-active ratio: 11.2%
Average sale price: $355,774
Average sold DOM: 89 days
| Area | Property Type | Active | Pending | Inventory | Avg Sale Price | Sold DOM |
|---|---|---|---|---|---|---|
| Greater Portland | Single Family | 6,062 | 2,123 | 2.9 months | $666,797 | 44 days |
| Greater Portland | Condominiums | 1,429 | 180 | 7.3 months | $355,774 | 89 days |
| Northeast Portland | Single Family | 287 | 135 | 1.6 months | $631,160 | 32 days |
| North Portland | Single Family | 134 | 58 | 1.8 months | $546,849 | 38 days |
| Southeast Portland | Single Family | 483 | 193 | 2.3 months | $570,974 | 35 days |
| Beaverton | Single Family | 437 | 151 | 2.6 months | $580,994 | 41 days |
| Beaverton | Condominiums | 148 | 16 | 8.2 months | $263,470 | 72 days |
| Tigard, Tualatin, Sherwood and Wilsonville | Single Family | 511 | 194 | 2.6 months | $684,268 | 49 days |
| Hillsboro/Forest Grove | Single Family | 443 | 166 | 3.4 months | $594,619 | 44 days |
| Oregon City/Canby | Single Family | 361 | 137 | 3.4 months | $672,720 | 51 days |
| Lake Oswego/West Linn | Single Family | 386 | 107 | 3.7 months | $1,237,506 | 41 days |
| West Portland | Single Family | 559 | 116 | 3.6 months | $889,427 | 41 days |
| NW Portland | Single Family | 274 | 106 | 3 months | $815,244 | 43 days |
🔥 Where Single-Family Homes Look Most Competitive
Where single-family inventory is lowest, expect faster-moving listings and more buyer competition. Northeast Portland is the tightest single-family pocket with 1.6 months of inventory, a 32 pending-to-active ratio, and homes selling in about 32 days. North Portland and Southeast Portland are also fast-moving, with under 2.5 months of inventory and typical sold times in the mid-30s to high-30s for days on market.
Northeast Portland
Inventory: 1.6 months
Pending-to-active ratio: 32%
Average sold DOM: 32 days
Average sale price: $631,160
North Portland
Inventory: 1.8 months
Pending-to-active ratio: 30.2%
Average sold DOM: 38 days
Average sale price: $546,849
Southeast Portland
Inventory: 2.3 months
Pending-to-active ratio: 28.6%
Average sold DOM: 35 days
Average sale price: $570,974
🏡 Where Buyers May Have More Leverage
When months of inventory and days on market are higher, buyers usually have more flexibility on timing and choice. Columbia County shows the clearest buyer opportunity among single-family markets with 5.2 months of inventory and an average 74 days on market. Yamhill and Marion counties also show multiple months of inventory and longer marketing times, giving buyers more room to compare properties and negotiate terms.
Columbia County
Inventory: 5.2 months
Pending-to-active ratio: 22.1%
Average sold DOM: 74 days
Average sale price: $505,760
Yamhill County
Inventory: 4.3 months
Pending-to-active ratio: 22.6%
Average sold DOM: 58 days
Average sale price: $631,412
Marion County
Inventory: 4.2 months
Pending-to-active ratio: 26%
Average sold DOM: 51 days
Average sale price: $509,833
🏢 The Condo Market Is a Different Story
Condos are behaving differently than detached homes across many parts of the metro. Multiple neighborhoods show 5 to nearly 10 months of condo inventory, and sold condos are taking considerably longer to move in some areas. That means condo shoppers will often see more active listings and longer decision windows compared with buyers focused on single-family homes.
| Area | Single-Family Inventory | Condo Inventory | Inventory Gap |
|---|---|---|---|
| Northeast Portland | 1.6 months | 8.5 months | 6.9 months |
| North Portland | 1.8 months | 7.9 months | 6.1 months |
| Lake Oswego/West Linn | 3.7 months | 9.6 months | 5.9 months |
| Beaverton | 2.6 months | 8.2 months | 5.6 months |
| Milwaukie/Clackamas | 2.8 months | 7.1 months | 4.3 months |
Across the metro the pattern is clear: single-family inventory is generally lower and pending activity higher, while condos typically have multiple months more inventory and longer days on market. For example, Northeast Portland single-family inventory is 1.6 months with a 32 pending ratio and 32 days on market, while Northeast condos have 8.5 months of inventory, a 10.1 pending ratio, and about 101 days on market. There are exceptions, such as Lake Oswego where condos show very high inventory but sold times that are closer to single-family pacing, so it pays to look at the specific neighborhood and price range.
💰 What This Could Mean for Buyers
- If you are shopping for a single-family home in Northeast, North or Southeast Portland, be prepared for faster timelines. Expect decisions and offers within a few weeks, given sold days on market in the 30s and under 2.5 months of inventory.
- Buyers looking for more selection and time should consider areas with higher months of inventory like Columbia County (5.2 months) or Yamhill County (4.3 months). Longer marketing times give more room to compare homes and plan inspections.
- Condo shoppers generally have more choices and longer search windows. In parts of the city condos are sitting on the market for two to three months or longer, which can mean more negotiating flexibility.
- Bring your financing in order and a clear timeline for inspections and closing, because the level of competition varies a lot by neighborhood and property type.
🏠 What This Could Mean for Sellers
- Sellers in the tight single-family pockets should expect faster activity. Pricing and presentation matter when homes are selling in about a month in areas like Northeast Portland.
- If you need to sell a condo or a home in a higher-inventory area, plan for a longer marketing period and work with your agent on competitive pricing and targeted improvements to stand out.
- High-priced submarkets such as Lake Oswego have different dynamics: even with more inventory, buyers are active at higher price points, so position your home based on local sold metrics rather than metro averages.
Bottom Line
Portland is not one housing market. Single-family and condo behavior can be very different from neighborhood to neighborhood, so buyers and sellers should evaluate their specific area, property type and price range when making decisions.
Market statistics are based on the weekly TMO Reports data used for this analysis and are subject to change. Real estate conditions can vary significantly by neighborhood, property type and price range.
Steven Tran
Steven Tran is a Portland-area real estate broker, investor and the creator of Portland Home Guide. He contributes local housing, relocation and market context to help readers make more informed decisions across Portland Metro and Southwest Washington.
Explore More on Portland Home Guide
Compare communities, neighborhood information, housing market context and relocation resources across the Portland region and Southwest Washington.