This is my weekly, dated Portland Metro Price Alert — a short roundup of selected homes that have seen notable price reductions. Each week I highlight a handful of listings that show interesting changes in price and provide context buyers might use when evaluating them.
These are curated selections, not necessarily the five largest reductions across the whole market. I focus on properties with distinct features or flexible layouts where the recent price movement is worth a closer look.
The listings and prices in this article were reviewed on October 14, 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 |
|---|---|---|---|
| 8867 SE 10TH AVE Portland, OR 97202 | $1,245,000 | $1,295,000 | About $50,000 |
| 18148 PIONEER CT Lake Oswego, OR 97034 | $1,350,000 | $1,549,000 | About $199,000 |
| 4393 SUNDEW CT Lake Oswego, OR 97035 | $1,230,000 | $1,350,000 | About $120,000 |
| 745 NW CULPEPPER TER Portland, OR 97210 | $1,495,000 | $1,939,000 | About $444,000 |
| 294 NW MACLEAY BLVD Portland, OR 97210 | $859,900 | $1,000,000 | About $140,000 |
1. Craftsman Home in SELLWOOD
Address: 8867 SE 10TH AVE Portland, OR 97202
Current price: $1,245,000
Original list price: $1,295,000
Reduction from original price: About $50,000
Bedrooms: 5
Bathrooms: 4 full
Square feet: 5,499
Year built: 1905
Listed now at $1,245,000 after a $50,000 reduction, this 1905 Sellwood Craftsman spans about 5,499 square feet with five bedrooms and four baths. The main level keeps original clear fir floors and period moldings, while a new chef’s kitchen adds quartz counters and high-end appliances. A fully permitted 1,031 sq ft second residence (built 2013) offers private entry and was previously rented.
Why I Picked This Home
The house pairs preserved historic detail with modern systems and a permitted, separate 1,031 sq ft residence that supports multigenerational living or rental income. Large decks face the golf course and river, and extensive lower-level workspace and garages add flexibility.
2. 2 Story Home in Lake Oswego
Address: 18148 PIONEER CT Lake Oswego, OR 97034
Current price: $1,350,000
Original list price: $1,549,000
Reduction from original price: About $199,000
Bedrooms: 5
Bathrooms: 3 full
Square feet: 3,542
Year built: 1969
Priced at $1,350,000 after a $199,000 reduction, this Lake Oswego Main Lake Canal home offers private dock access and five bedrooms across main and daylight lower levels. The layout emphasizes main-level living with two ensuites, vaulted ceilings, hardwood floors, and an updated kitchen with granite counters. Recent exterior updates include Trex decking and dock work; a whole-house Generac generator is installed.
Why I Picked This Home
Direct lake access with a private dock and included boat (with an acceptable offer) delivers immediate waterfront lifestyle. The daylight lower level with its own entry supports multigenerational use, and the seller is offering a first-year rate buydown through a preferred lender.
3. Contemporary Home in Lake Oswego
Address: 4393 SUNDEW CT Lake Oswego, OR 97035
Current price: $1,230,000
Original list price: $1,350,000
Reduction from original price: About $120,000
Bedrooms: 4
Bathrooms: 2 full, 1 partial
Square feet: 4,443
Year built: 1980
Now listed at $1,230,000 after a $120,000 reduction, this Lake Oswego home offers about 4,443 square feet with four bedrooms, two full baths and a powder room. Interior updates include new carpet and fresh paint. The standout is a south-facing, resort-style backyard with a plunge pool/hot tub, outdoor kitchen and turf putting green, plus seller concessions toward an interest-rate buydown.
Why I Picked This Home
Move-in ready condition combined with a private, amenity-rich backyard creates year-round outdoor living and entertaining options. Seller concessions for a rate buydown add short-term financing flexibility to an otherwise turnkey package.
4. Craftsman Home in KING HEIGHTS
Address: 745 NW CULPEPPER TER Portland, OR 97210
Current price: $1,495,000
Original list price: $1,939,000
Reduction from original price: About $444,000
Bedrooms: 5
Bathrooms: 4 full, 1 partial
Square feet: 5,827
Year built: 1923
Reduced by $444,000 to $1,495,000, this 1923 Dutch Colonial in Kings Heights totals about 5,827 square feet with five bedrooms and 4.5 baths. Period craftsmanship shows in built-ins, wood floors and multiple fireplaces. The home sits elevated on a hillside with multiple view decks and a chef’s kitchen featuring high-end appliances and dual dishwashers, plus a media room and additional attic-level space.
Why I Picked This Home
Nearly every main room offers wide, changing vistas across the city and mountains, paired with substantial 1920s architectural details. The large, historic footprint and significant price adjustment make it notable for buyers seeking scale and prominent views.
5. 2 Story Home in Portland
Address: 294 NW MACLEAY BLVD Portland, OR 97210
Current price: $859,900
Original list price: $1,000,000
Reduction from original price: About $140,000
Bedrooms: 3
Bathrooms: 3 full, 1 partial
Square feet: 3,098
Year built: 1925
Now offered at $859,900 after a $140,100 reduction, this West Hills Tudor from 1925 has roughly 3,098 square feet, three bedrooms and three baths plus a powder room. Thoughtful updates retain historic character while adding granite counters, stainless appliances and hardwood floors. The primary suite opens to a deck with panoramic river and bridge views, and the finished walk-out basement suggests lower-unit potential.
Why I Picked This Home
Panoramic views that include the river, Fremont Bridge and skyline anchor this property, while tasteful updates preserve period charm. The finished, walk-out basement with its own access increases flexibility for rental or multigenerational use.
What Buyers Should Know About Price Reductions
A price reduction is a starting point, not a conclusion. Buyers should review recent comparable sales, verify condition and permitted modifications, and get inspections to surface costly issues. Factor in financing terms, potential seller concessions or rate buydowns, and current local demand for the neighborhood and home type before deciding.
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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