Portland Metro Real Estate: March 2025 Market Action Report

The Portland Metro Residential Market Action report is a monthly review provided by the RMLS, a database where real estate agents post home listings for the region. 

The Numbers At-a-Glance

Compared to February, March reported a 6.25% decrease in inventory (3.0 months), 9.5% decrease in total market time (71 days), and a 0.7% increase in median sale price ($542,000). Historically, March carries on the winter thaw across the Portland Metro real estate market. Albeit not yet fully defrosted, we once again saw slight warming trends like the increase in median sale price paired with the decrease in days on market. 

Notes for Buyers: As we start to enter the spring months, expect to see more new inventory paired with price adjustments on homes that have been sitting on the market - An opportune time for savvy buyers! Don’t rule out listings with 60+ days on the market. If a property aligns with most of your search criteria but is slightly above your budget, it may still be worth touring. And then if it’s a good fit, a thoughtfully crafted offer below the asking price could open the door to a great deal.

Notes for Sellers: Pricing remains at the CORE of a successful go-to market strategy. We can’t stress this enough. A strategically set price supported by a comprehensive marketing plan will attract the best and widest pool of qualified buyers. As we enter the busy spring and summer selling season, you’ll find the widest pool of buyers but will face the most competition as inventory reaches its yearly peaks. 

Inventory Levels

Inventory levels are a leading indicator of market strength. The inventory level for March was reported at 3.0, meaning if no new homes came on the market, it would take 3.0 months for inventory to sell out completely (at the current rate of sales). 

Median Home Selling Price

The median sale price for February was reported at $542,000. It’s a 0.7% increase from last month and a 1.3% increase compared to March 2024. Lake Oswego / West Linn continued their reign of top median sale price at $954,800.

Here’s what median home sale prices looked like across Portland proper:
West Portland: $627,000
North Portland: $435,000
NE Portland: $525,000
SE Portland: $477,000

Reach out if you’re interested in learning more about the Portland Metro real estate market. I can be reached anytime via email ([email protected]) or call/text (503-545-5094). You can also stay in touch by following us on Instagram!