This is a dated weekly review of selected Portland Metro homes that have seen notable price reductions. Each entry highlights why the property caught our eye and summarizes key facts so buyers and sellers can scan market movement quickly.
These are curated selections, not a ranking of the five largest reductions in the entire market. I chose these listings for distinctive features, location or the size of the adjustment, and to illustrate different ways sellers are responding to buyer demand.
The listings and prices in this article were reviewed on October 7, 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 | $799,950 | $849,950 | About $50,000 |
| 2524 SW 17TH AVE Portland, OR 97201 | $1,395,000 | $1,595,000 | About $200,000 |
| 3320 SW 44TH AVE Portland, OR 97221 | $895,000 | $955,000 | About $60,000 |
| 1727 SW WESTWOOD DR Portland, OR 97239 | $999,000 | $1,349,000 | About $350,000 |
| 1636 SW VISTA AVE Portland, OR 97201 | $1,495,000 | $1,625,000 | About $130,000 |
1. Renovated Mid-Century in Lake Oswego
Address: 18100 BRYANT RD Lake Oswego, OR 97034
Current price: $799,950
Original list price: $849,950
Reduction from original price: About $50,000
Bedrooms: 3
Bathrooms: 1 full, 1 partial
Square feet: 1,425
Year built: 1955
Mid-Century Modern ranch on Oswego Lake’s main canal, 3 beds, 1.5 baths and 1,425 sqft on 0.2 acres. The house includes a private dock and boat slip, a skylight, corner fireplace and a bonus room, with an open, light-filled plan. Now listed at $799,950 after a $50,000 reduction from the original list price.
Why I Picked This Home
Direct canal frontage with a private dock and boat slip gives immediate lake access, and the mid-century ranch bones plus a bonus room create a straightforward renovation or lifestyle opportunity for lake-focused buyers.
2. Craftsman Home in PORTLAND HEIGHTS
Address: 2524 SW 17TH AVE Portland, OR 97201
Current price: $1,395,000
Original list price: $1,595,000
Reduction from original price: About $200,000
Bedrooms: 4
Bathrooms: 2 full, 2 partial
Square feet: 3,926
Year built: 1909
Craftsman on nearly half an acre made up of four city lots, 3,926 sqft, four bedrooms and roughly 2.2 baths. The property features decades-matured gardens, rock terraces and winding paths, plus interior details like a leaded-glass skylight, built-ins, marble fireplaces and a sun-filled eat-in kitchen. Listed at $1,395,000 following a $200,000 reduction.
Why I Picked This Home
The extensive, long-developed gardens and multi-lot site deliver rare urban privacy and sweeping views; historic architectural details combined with owned solar and EV charging add practical value to the setting.
3. Contemporary Home in MONTMORE
Address: 3320 SW 44TH AVE Portland, OR 97221
Current price: $895,000
Original list price: $955,000
Reduction from original price: About $60,000
Bedrooms: 4
Bathrooms: 2 full, 1 partial
Square feet: 3,104
Year built: 1973
Pacific Northwest contemporary with main-level living, an elevator from the garage, vaulted ceilings, skylights and vertical-grain hemlock accents. The updated kitchen has marble counters and a gas range; the primary suite offers a fireplace and heated-floor bath. A 1,031 sqft garage/workshop and a 2025 deck overlook .52 acres of wooded grounds. Priced at $895,000 after a $60,000 reduction.
Why I Picked This Home
Architectural daylighting and dramatic vaulted volumes combine with an elevator and an oversized 1,031 sqft garage/workshop—an uncommon mix of design character and practical, accessible spaces.
4. Traditional Home in Westwood Heights
Address: 1727 SW WESTWOOD DR Portland, OR 97239
Current price: $999,000
Original list price: $1,349,000
Reduction from original price: About $350,000
Bedrooms: 4
Bathrooms: 2 full, 1 partial
Square feet: 4,352
Year built: 1989
Custom-built 1989 residence with 4,352 sqft, four bedrooms plus a lower-level office, and south-facing valley views from three decks. Kitchen amenities include Sub-Zero, double ovens, induction cooktop and a granite island; spa-like primary bath has heated travertine and double skylights. Systems include mini-split zonal HVAC and central AC, and an EV-ready three-car garage. Now priced at $999,000 after a $350,000 reduction.
Why I Picked This Home
A substantial $350,000 adjustment on a large, well-equipped custom home with multiple decks and modern systems—mechanical and tech upgrades support a strong value narrative for buyers seeking move-in-ready infrastructure.
5. Renovated Mid-Century in Portland
Address: 1636 SW VISTA AVE Portland, OR 97201
Current price: $1,495,000
Original list price: $1,625,000
Reduction from original price: About $130,000
Bedrooms: 4
Bathrooms: 3 full, 1 partial
Square feet: 5,264
Year built: 1961
Mid-century modern composition with 5,264 sqft, four bedrooms and 3.5 baths, sited between Washington Park and downtown. The house features 14-foot ceilings, chevron wood floors, a reimagined modern black kitchen and multiple decks framing city and mountain views. The lower level includes en suite guest quarters with a fireplace and flexible space for media or office. Listed at $1,495,000 after a $130,000 reduction.
Why I Picked This Home
The property’s commanding siting and multiple, intentional sightlines—high ceilings and varied outdoor decks—create distinctive living spaces and a large lower level that invites buyer customization.
What Buyers Should Know About Price Reductions
A price reduction is a data point, not a verdict. When evaluating a cut consider comparable sales in the neighborhood, how the home’s condition and deferred maintenance affect cost to bring it up to market, and results from professional inspections. Factor in your financing terms and appraisal sensitivity, and assess local demand and days on market. Combine the reduction amount with comps and inspection findings to judge whether the price aligns with value and risk.
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.
Get My Free Portland Relocation Guide
Start comparing Portland neighborhoods, suburbs, housing and local lifestyle before you arrive.
Get the Relocation Guide