Portland Metro Weekly: Clear Split Between Single-Family and Condo Markets

Across Greater Portland the single-family market looks relatively tight: about 6, 057 active single-family listings, 1, 919 pending, and roughly 3.2 months of inventory. Average days on market for sold single-family homes sits near 48 days and the average sale price is about $658, 143. Those numbers point to a market where many detached homes still move within a few weeks to a couple of months.

Condominiums are behaving differently. There are 1, 383 active condo listings in the metro with about 7.7 months of inventory and an average days-on-market for sold condos of 100 days. That combination means condo buyers generally see more choices and more time to make decisions, while condo sellers are often facing longer marketing periods.

📊 Portland Metro Market at a Glance

Single-Family Homes

Inventory: 3.2 months
Active listings: 6,057
Pending listings: 1,919
Pending-to-active ratio: 24.1%
Average sale price: $658,143
Average sold DOM: 48 days

Condominiums

Inventory: 7.7 months
Active listings: 1,383
Pending listings: 177
Pending-to-active ratio: 11.3%
Average sale price: $348,337
Average sold DOM: 100 days

🔥 Where Single-Family Homes Look Most Competitive

When inventory is low, pending activity is strong and days on market are short, you usually see more competition among buyers. Neighborhoods with the lowest months of inventory and the highest pending-to-active ratios are where offers tend to move fastest and sellers have more leverage. Examples in this report include North Portland (1.9 months) and Northeast Portland (2.0 months), both with active pending activity and sub-50 day average marketing times.

North Portland

Inventory: 1.9 months
Pending-to-active ratio: 30.6%
Average sold DOM: 43 days
Average sale price: $538,808

Northeast Portland

Inventory: 2 months
Pending-to-active ratio: 31%
Average sold DOM: 33 days
Average sale price: $637,761

Southeast Portland

Inventory: 2.6 months
Pending-to-active ratio: 29%
Average sold DOM: 41 days
Average sale price: $558,864

🏡 Where Buyers May Have More Leverage

Higher months of inventory and longer days on market give buyers more flexibility. Areas with 4-plus months of inventory, like Columbia County and Yamhill County (both about 4.8 months), show longer marketing times and a larger pool of available homes. That extra time can allow buyers to shop more, compare options and plan financing or inspection contingencies without the pressure that appears in the hottest pockets.

Columbia County

Inventory: 4.8 months
Pending-to-active ratio: 18.1%
Average sold DOM: 71 days
Average sale price: $496,162

Yamhill County

Inventory: 4.8 months
Pending-to-active ratio: 20.4%
Average sold DOM: 67 days
Average sale price: $637,921

Marion County

Inventory: 4.2 months
Pending-to-active ratio: 24.5%
Average sold DOM: 54 days
Average sale price: $505,324

🏢 The Condo Market Is a Different Story

Condos are clearly different in many Portland neighborhoods. Metro-wide condos show about 7.7 months of inventory and an average of 100 days on market for sold units. Several condo submarkets have even longer selling timelines, meaning condo buyers often have more negotiating room, and condo sellers should expect longer marketing periods than for detached homes.

The difference between condos and single-family homes is particularly stark in some neighborhoods. In Northeast Portland single-family inventory is about 2 months with 33 days on market, while condos sit at 9.5 months and 113 days on market. North Portland shows a similar gap: about 1.9 months for detached homes versus 8.3 months for condos, with condos averaging more than 125 days on market. In most areas across the metro single-family listings move faster and face more active demand, while condos generally offer more choices and longer decision windows for buyers.

💰 What This Could Mean for Buyers

• If you’re shopping for a detached home in hotspots like Northeast, North or Southeast Portland, expect faster timelines and stronger competition; have financing and inspections lined up so you can move when the right home appears.
• Condo shoppers will usually find more inventory and longer marketing times; use that extra time to compare comparable units, review HOA docs and plan inspections.
• In higher-inventory areas (for example Columbia County and Yamhill County at about 4.8 months), buyers often have more room to negotiate timing and terms, but still confirm local conditions with an agent.
• Know the price bands: average single-family sale in the metro is about $658, 143, while the average condo sale is about $348, 337. Price expectations and competition can vary a lot by neighborhood and product type.

🏠 What This Could Mean for Sellers

• Sellers of detached homes in tight pockets should expect quicker showings and shorter marketing times; accurate pricing and strong presentation can capture that active demand.
• Condo sellers should plan for longer marketing periods, average days on market for condos is around 100 days, so factor time into your timing and pricing strategy.
• In slower single-family markets (areas with 4+ months of inventory), be prepared to allow more time for offers and consider updates or marketing that highlight value.
• Work with your agent to set realistic expectations based on property type, neighborhood and the local months of inventory rather than metro averages.

Bottom Line

Portland is not one housing market. Conditions depend on neighborhood, property type and price range, so buyers and sellers should review the specific data for their area before 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.

About the Author

Steven Tran

Oregon and Washington real estate broker serving Portland Metro and Southwest Washington. I work with relocation buyers, first-time and move-up buyers, investors and new construction clients.

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