This is my weekly Portland Metro review of selected homes that have notable price reductions. Each week I pull listings that tell a story — interesting settings, layout flexibility, mechanical upgrades or permit edge cases — and summarize what’s changed and why buyers might pay attention.
These are selected properties, not necessarily the five largest reductions across the entire market. Think of this as a curated snapshot to help you spot opportunities worth investigating further, not a comprehensive market ranking.
The listings and prices in this article were reviewed on November 4, 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 |
|---|---|---|---|
| 18100 BRYANT RD Lake Oswego, OR 97034 | $749,950 | $849,950 | About $100,000 |
| 2632 NW THURMAN ST Portland, OR 97210 | $749,900 | $790,000 | About $40,000 |
| 13240 KNAUS RD Lake Oswego, OR 97034 | $1,350,000 | $1,400,000 | About $50,000 |
| 5211 SW 19TH DR Portland, OR 97239 | $649,900 | $824,900 | About $175,000 |
| 2636 SW 64TH PL Portland, OR 97225 | $899,000 | $1,100,000 | About $201,000 |
1. Renovated Mid-Century in Lake Oswego
Address: 18100 BRYANT RD Lake Oswego, OR 97034
Current price: $749,950
Original list price: $849,950
Reduction from original price: About $100,000
Bedrooms: 3
Bathrooms: 1 full, 1 partial
Square feet: 1,425
Year built: 1955
Canal-front Mid-Century Ranch on Oswego Lake’s main canal, with private dock, boat slip and a bonus room. The open, light-filled plan includes a skylight and corner fireplace and sits on a 0.2-acre lot. Listing notes suggest this could serve as a primary residence, seasonal retreat or investment, and some photos have been virtually enhanced.
Why I Picked This Home
A $100,000 reduction highlights waterfront access with an on-site dock and boat slip — features that change buyer use cases. The mid-century ranch bones, bonus room and direct canal access make it a distinctive lake-oriented opportunity.
2. Victorian Home in ALPHABET DISTRICT/NOB HILL
Address: 2632 NW THURMAN ST Portland, OR 97210
Current price: $749,900
Original list price: $790,000
Reduction from original price: About $40,000
Bedrooms: 5
Bathrooms: 3 full
Square feet: 2,604
Year built: 1899
1899 Victorian in the Alphabet District/Nob Hill with five bedrooms, three baths and extensive period detail. Renovations include hydronic radiant floor heating, a chef’s kitchen that opens to a south-facing deck, exposed brick and custom woodwork. The home has operated successfully as an Airbnb with a rare ASTR permit; an additional 900-square-foot loft is not included in the stated square footage.
Why I Picked This Home
Character finishes plus modern systems and a rare ASTR permit create multiple use possibilities—owner-occupied, income-producing or live-work. Location in the Alphabet District adds walkability and amenity access that buyers often value.
3. 2 Story Home in Forest Highlands
Address: 13240 KNAUS RD Lake Oswego, OR 97034
Current price: $1,350,000
Original list price: $1,400,000
Reduction from original price: About $50,000
Bedrooms: 4
Bathrooms: 3 full
Square feet: 3,789
Year built: 1966
Lake Oswego home in Forest Highlands offering four bedrooms, three baths and 3,789 square feet on a half-acre lot with sunrise and Mt. Hood views. The layout emphasizes main-level living with two primary suites on the main floor, a daylight basement with two additional bedrooms, large bonus room, built-in office space and generous storage. Recent system updates include a 50-year roof (2020) and new HVAC (2026).
Why I Picked This Home
The combination of half-acre grounds, scenic views, main-level living and recent big-ticket updates (roof and HVAC) gives buyers a mix of usable outdoor space and updated systems that reduce near-term capital needs.
4. Renovated Mid-Century in Hillsdale
Address: 5211 SW 19TH DR Portland, OR 97239
Current price: $649,900
Original list price: $824,900
Reduction from original price: About $175,000
Bedrooms: 4
Bathrooms: 3 full
Square feet: 2,557
Year built: 1964
Hillsdale mid-century modern with four bedrooms, three baths and 2,557 square feet. One-owner home with significant updates: engineered hardwood on the main floor, custom cherry cabinetry, quartz counters, induction cooktop and covered deck. The lower level functions as a self-contained unit with full kitchen, bedroom, bath, separate entrance and its own electric meter, offering rental or multi-occupant flexibility.
Why I Picked This Home
A $175,000 reduction brings added attention to a well-updated home with an independent lower-level living space and recent mechanicals (AC and furnace 2025/2026). The separate meter and entrance are practical for rental or caregiver scenarios.
5. Traditional Home in WEST SLOPE/RALEIGH HILLS
Address: 2636 SW 64TH PL Portland, OR 97225
Current price: $899,000
Original list price: $1,100,000
Reduction from original price: About $201,000
Bedrooms: 6
Bathrooms: 3 full, 1 partial
Square feet: 4,857
Year built: 1985
Sprawling West Slope traditional with six bedrooms, 3.5 baths and 4,857 square feet on 0.3 acres. The main level centers on an oversized, remodeled kitchen with double ovens and walk-in pantry, multiple fireplaces, formal and casual spaces, and a primary suite with soaking tub and private covered balcony. The lower level includes a complete second living area with its own kitchen, bedrooms, full bath and private deck.
Why I Picked This Home
This large footprint plus a fully independent lower-level living space supports multi-generational living or long-term guests. A $201,000 reduction focuses attention on a flexible floor plan and extensive gathering areas in West Slope.
What Buyers Should Know About Price Reductions
A price reduction is one piece of the puzzle. Buyers should compare recent comparable sales, evaluate the property’s condition through inspections, and factor in likely repair costs. Consider how financing terms, appraisal results and local demand affect purchase power. Also weigh permit history, rental potential or unique features against market comps to understand true value.
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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