Is now a good time to buy a home in Portland, OR?
The typical home value in Portland, OR is $531K as of Aug 2026 (Zillow Home Value Index), up 0.9% from a year earlier. Over five years prices have compounded at -0.4% a year and sit 10.0% below their peak. Prices are 7.0% below their 10-year trend line.
Portland, OR price trend & forecast
Frequently asked questions
Is now a good time to buy a home in Portland, OR?
As of Aug 2026, our buy-timing signal for Portland, OR is WAIT — the model projects prices about -3.1% lower around Jan 2027. Patience is likely to be rewarded; use the time to negotiate and arrange financing. Buy-timing score: 52/100.
Will home prices in Portland, OR go down in 2027?
The model projects +0.4% over the next 12 months: about $533K by Aug 2027, with an 80% range of $520K–$547K (today $531K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Portland, OR?
The typical (mid-tier) home value in Portland, OR is $531K as of Aug 2026, +0.9% year over year.
What is the cheapest time of year to buy in Portland, OR?
Historically, prices in Portland, OR run lowest in January, about 2.1% below the annual average, and highest in June.
Other cities in Oregon
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.