This is this week’s Portland Metro Price Alert, a dated weekly review of selected homes around the metro area that have recorded notable price reductions. I’m highlighting a mix of properties with meaningful changes and specific features that may matter to buyers and investors.
These are selected examples, not a ranked list of the largest reductions across the entire market. Each pick was chosen for a combination of price movement and distinctive attributes—system upgrades, lot size, layout flexibility, or recent renovations—that are worth a closer look.
The listings and prices in this article were reviewed on August 12, 2026.
These homes were selected because they combine meaningful price changes with location, property features, condition, or overall buyer appeal compared with other homes in this week’s report.
Availability, pricing, incentives and property details can change at any time.
🏡 This Week’s Portland Metro Price Drops
| Address | Current Price | Original Price | Reduction From Original Price |
|---|---|---|---|
| 4674 Chelsea LN Lake Oswego, OR 97035 | $1,200,000 | $1,999,000 | About $799,000 |
| 1300 TYNDALL CT Lake Oswego, OR 97034 | $1,500,000 | $1,550,000 | About $50,000 |
| 2635 SW SHERWOOD PL Portland, OR 97201 | $695,000 | $875,000 | About $180,000 |
| 7540 SW BECKY CT Beaverton, OR 97007 | $744,000 | $895,000 | About $151,000 |
| 9228 NW WILEY LN Portland, OR 97229 | $1,198,000 | $1,250,000 | About $52,000 |
1. 2 Story Home in Lake Oswego
Address: 4674 Chelsea LN Lake Oswego, OR 97035
Current price: $1,200,000
Original list price: $1,999,000
Reduction from original price: About $799,000
Bedrooms: 4
Bathrooms: 2 full, 1 partial
Square feet: 3,148
Year built: 1994
Updated NW contemporary two-story offering 4 bedrooms, 2 full and 1 half baths across 3,148 square feet. The main floor includes formal living and dining, a den, and a chef-grade kitchen with gas range, Miele induction cooktop, and multiple ovens. The great room opens to a stamped concrete patio with retractable awning. Primary suite features a remodeled spa bath and a generous walk-in closet.
Why I Picked This Home
Documented six-figure plus upgrades throughout: high-end appliances, multiple modern mechanicals (high-efficiency HVAC, tankless water heater, whole-home filtration), backup generator, two gas fireplaces and extensive outdoor entertaining spaces.
2. Georgian Home in South Shore Estates
Address: 1300 TYNDALL CT Lake Oswego, OR 97034
Current price: $1,500,000
Original list price: $1,550,000
Reduction from original price: About $50,000
Bedrooms: 5
Bathrooms: 3 full, 2 partial
Square feet: 4,209
Year built: 1989
Traditional Georgian on roughly 0.88 acre in South Shore Estates with 5 bedrooms, 3 full and 2 half baths and 4,209 square feet. Main-level owner’s suite includes a full bath and walk-in closet; the plan also offers a separate upstairs living suite. The property has a sport court, covered patio, updated kitchen with new gas cooktop and stainless appliances, and substantial recent reinvestment.
Why I Picked This Home
Large, park-like lot with 4-car parking, on-site sport court and a fully independent upstairs suite. Over $300,000 in improvements—roof, windows, HVAC, on-demand water heater and EV charger—give visible systems upgrades.
3. Traditional Home in Portland
Address: 2635 SW SHERWOOD PL Portland, OR 97201
Current price: $695,000
Original list price: $875,000
Reduction from original price: About $180,000
Bedrooms: 3
Bathrooms: 2 full
Square feet: 2,443
Year built: 1974
Close-in SW Portland traditional with 3 bedrooms, 2 baths and about 2,443 square feet. Open main living connects kitchen and family room with hardwood floors, large nature-facing windows and two gas fireplaces. Exterior spaces include a deck and patio overlooking a fenced yard with an artificial turf area for pets. The kitchen offers granite counters, cherry cabinets and a gas range.
Why I Picked This Home
A significant $180,000 reduction on a close-in property with panoramic nature views, an open entertaining plan, fenced yard and a natural gas generator—features that appeal to urban buyers seeking convenience and resilience.
4. Traditional Home in Cooper Mountain
Address: 7540 SW BECKY CT Beaverton, OR 97007
Current price: $744,000
Original list price: $895,000
Reduction from original price: About $151,000
Bedrooms: 5
Bathrooms: 4 full, 1 partial
Square feet: 4,653
Year built: 2004
Traditional Cooper Mountain home with 5 bedrooms, 4 full and 1 half baths across 4,653 square feet on a 0.34-acre lot. The gourmet kitchen opens to a walk-out deck; main floor includes a primary ensuite and a bright office with built-ins. Lower level has multiple bedrooms, a family room, hobby space and a separate suite with its own entrance and walk-out deck. Three-car garage and two laundry rooms.
Why I Picked This Home
Very large finished area with a separate lower-level entrance and versatile bonus rooms—ideal for multigenerational use or home-based activities. Three-car garage, recent roof and cul-de-sac setting add practical value.
5. Country French Home in FOREST HEIGHTS
Address: 9228 NW WILEY LN Portland, OR 97229
Current price: $1,198,000
Original list price: $1,250,000
Reduction from original price: About $52,000
Bedrooms: 4
Bathrooms: 3 full, 1 partial
Square feet: 4,246
Year built: 1998
Custom Forest Heights residence offering 4 bedrooms, 3 full and 1 half baths and roughly 4,246 square feet. European-inspired details include arched entries, hardwood floors and a sunroom with territorial views. The chef’s kitchen features custom canary wood cabinetry and Wolf/Sub-Zero appliances. Main-floor primary suite has a sitting room, deck and fireplace. Property includes whole-home generator and EV charger.
Why I Picked This Home
High-end custom finishes—canary wood cabinetry and specialty millwork—paired with a primary suite on the main level, a sunroom with wide views, and full-house mechanicals including a Kohler generator and EV charging.
What Buyers Should Know About Price Reductions
Price reductions can be a useful signal, but buyers should evaluate reductions against recent comparable sales, the property’s condition, and the results of thorough inspections. Consider financing variables (interest rate, appraisal outcomes, contingency terms) and current local demand. Factor in estimated costs to complete repairs or desired upgrades and weigh those against the adjusted list price before making an offer.
A price reduction can indicate seller motivation, but it can also mean that the original asking price was higher than the market supported.
The reduction itself is only one piece of the puzzle. Buyers should still review comparable sales, property condition, disclosures, inspection findings, financing terms and neighborhood demand before deciding how much value a price change actually creates.
Interested in One of These Homes?
If one of these properties caught your attention, I can send you the current listing details, photos, disclosures, showing availability and recent comparable sales.
Listing information is subject to change. Properties featured in this article may be listed by brokers other than Steven Tran and Diverse Realty Group.
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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