The Portland Region Q1 2026 Detached Homes Market Update

Q1 2026 detached homes: average price $659,197, median $580,000, and 3,349 sales in the Portland Region. Core (< $1M) dipped modestly, luxury new construction (≥ $1M) fell 44%, and CDOM rose in most counties. Mix shifts shaped pricing as smaller lots sold. Affordability improved, but demand held steady despite slightly lower mortgage rates.


Via Canva Pro

The first quarter of 2026 landed softer than the same period last year, even as mortgage rates eased from their 2025 highs. Activity across the region was steady enough to keep the market functional, but not strong enough to match last year’s pace. What emerged instead was a quarter defined by segmentation: different counties, and even different price tiers within counties, moved in noticeably different directions depending on what types of homes sold.

The core market—homes under $1 million—saw mild slippage, much of it tied to compositional changes. Smaller homes on smaller lots were more common this quarter, which pulled down average prices even as underlying values remained relatively stable. The luxury market told a different story. New construction in the $1M+ segment fell sharply, and that retreat alone accounted for a large share of the region’s year‑over‑year decline. With fewer high‑end new builds closing, luxury volume and pricing softened more noticeably than the core.

Across the region, buyers were active but deliberate, and sellers faced longer marketing times in most counties. Affordability improved modestly thanks to lower rates, but not enough to materially change buyer behavior. Taken together, Q1 2026 was not a dramatic quarter—just a quieter one, shaped as much by what sold as by how the market performed.

Table of Contents

Data Housekeeping

The Portland Region in this update comprises the six Oregon counties of Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill. These counties form a contiguous housing ecosystem centered on Portland—Multnomah as the core home county, with the others tightly integrated through commuting patterns, economic ties, and shared market dynamics (e.g., Yamhill’s strong connection via Highway 99W and wine-country adjacency). Beyond Yamhill, the MLS system changes, further distinguishing this six-county area from broader geographic aggregations. For a detailed overview—including county profiles, population data, key value influencers, and why this definition differs from the official seven-county Portland–Vancouver–Hillsboro MSA—see my dedicated page: The Portland Region – Six-County Market Area Overview.

Colored map of the six counties comprising the Portland Region: Clackamas, Columbia, Hood River, Multnomah, Washington, and Yamhill.
The six-county Portland Region
Via SunCatcherStudio

All data is sourced from RMLS and reflects open-market detached single-family residential sales (excluding condos, attached homes, manufactured homes on leased land, and multifamily). SNL (“Sold Not Listed”) entries—off-market transactions entered retroactively—have been excluded to preserve consistency with true market activity.

All figures have undergone my standard cleaning process to address common RMLS accuracy challenges, including misclassifications (e.g., condos listed as detached), square footage/price typos, incomplete fields, status/date mismatches, and non-representative entries. For a detailed overview of these issues, their impact on market analysis, and how I mitigate them through automated flagging, cross-verification, and manual review, see our dedicated page: RMLS Data Accuracy Challenges.

Residential Housing Snapshot

MetricDetachedAttachedCondoManufact.
Total $ Volume$2.2B$161.0M$199.0M$31.8M
Average Price$659,197$444,672$389,438$547,486
Avg PPSF (TSF)$316.17$286.92$325.56$361.83
Avg Total SF2,1641,5761,1801,570
Avg Age (Yrs)46.0315.0932.0329.52
Avg Lot Size (ac)0.6550.066N/A8.228
Avg PABAI80.47104.13117.08110.07
Highest Sale$5,725,950$1,175,000$2,450,000$2,400,000
Lowest Sale$135,000$249,000$100,000$199,700
Price Spread Ratio42.414.7224.5012.02
PPSF Spread Ratio30.934.0811.9113.29
SF Spread Ratio23.464.1412.243.52
Avg CDOM80.2380.59119.62120.86
Total # of Sales3,34936251158
% of Market78.25%8.46%11.94%1.36%
Q1 2026 (4,280 total residential sales).
Data: RMLS | PortlandAppraisalBlog.com

Detached homes continue to define the structure of the Portland Region’s residential market in Q1 2026. They account for more than three‑quarters of all open‑market residential sales and over $2.2 billion of the region’s $2.6 billion in total dollar volume, and they remain the least affordable segment with a PABAI of 80.47. For readers new to the metric, a PABAI of 100 means a home is perfectly affordable to the median HUD MSA income; values below 100 indicate unaffordability, and values above 100 indicate more readily affordable conditions. Detached properties also sit on ten times the land of attached homes on average and are significantly larger, with an average dwelling size more than 500 square feet above attached and manufactured homes and over 1,000 square feet above condos. Their wide spread ratios across price, PPSF, and size reflect a segment that spans everything from sub‑$150,000 fixers to multi‑million‑dollar estates. This combination of scale, land intensity, and internal diversity will be explored in greater detail in this update.

In contrast, the other three segments help illustrate the pathways buyers take when detached becomes harder to access. Attached homes are the clearest counterpoint: the youngest segment (average age ~15 years), the most uniform by spread ratios, and the most “commodity‑like” product in the region. Their modest affordability (PABAI 104.2) and predictable size and pricing make them the safety‑net entry point for buyers priced out of detached. Condos and manufactured homes share surprising similarities—affordability (PABAI 117.08 and 110.07), age, CDOM, and even price ceilings—yet diverge sharply in average price because manufactured homes trade on land, while condos trade on HOA dues, the hidden variable that shapes their affordability profile.

Entry‑level opportunities still exist across the region, with the lowest Q1 sale closing at $100,000, but buyers must compromise on location, utility, condition, or quality—especially for detached fixers. Three of the four segments cluster in the low–mid $300s PPSF, underscoring that structure cost is relatively consistent across the metro; it is land and home size that creates the separation between detached and everything else. Spread ratios help illustrate this internal variation by comparing the highest and lowest values within each segment—higher ratios indicate a wider spectrum of product types and price points, while lower ratios signal a more uniform, commodity‑like segment. Detached homes’ wide spread ratios (Price 42.41, PPSF 30.93, SF 23.46) highlight its internal variability and set the stage for the segment‑specific analysis that follows.

Portland Region Q1 2026 Overview

Overall Regional Trends

The table below summarizes key metrics for detached single-family residential sales in the Portland Region (Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill counties) for Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$2.25 Billion$2.21 Billion-1.79%
Average Price$673,455$659,197-2.12%
Median Price$590,000$580,000-1.69%
Avg SP/OLP97.35%96.88%-0.48%
Avg PPSF (TSF)$320.27$316.21-1.27%
Avg HOA Dues$71.23$69.10-2.99%
Avg Lot Size (ac)0.630.66+4.15%
Avg Age (Yrs)46.1446.03-0.24%
Avg CDOM72.1080.22+11.26%
Avg Total SF2,1672,164-0.16%
Total # of Sales3,3383,349+0.33%
# of New Constr.459461+0.44%
# of REOs1640+150.00%
# of Short Sales1114+27.27%
Average PABAI71.0580.47+13.26%
Note: The calculated average HOA dues is for sales reporting nonzero HOA dues (860 sales for Q1 2025 & 879 sales for Q1 2026). All other metrics use the full dataset for each quarter.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Key Observations From the Aggregate Data

The regional market showed modest softening in Q1 2026, with average and median prices both posting low‑single‑digit declines. Because total sales, average square footage, new‑construction activity, and the age of sold homes all remained essentially unchanged year over year, much of this movement reflects genuine price erosion rather than a shift in the types of homes selling. Dollar volume fell by nearly the same percentage as median price, reinforcing that the decline was driven by pricing rather than a contraction in activity.

Affordability improved meaningfully, with the regional PABAI rising from 71.05 to 80.47. This improvement was driven less by price relief and more by the combination of rising HUD MSA incomes and the fact that Q1 2025 mortgage rates were among the most punishing of the cycle. Even with this improvement, the region remains broadly unaffordable to the median household, but the year‑over‑year shift marks a notable easing of conditions compared to the prior winter.

One nuance becomes clear only when the market is sliced: while the regional average lot size increased slightly, this was driven by the ≥$1M segment, where larger‑parcel properties made up a greater share of sales. In the core market (<$1M), average lot size actually declined, and that shift contributed to the mild price softening in that segment. This compositional effect is not visible in the aggregate data but becomes important when interpreting the underlying dynamics of the detached market.

Distressed sales, while still a small share of the market, increased materially. REOs more than doubled and short sales rose as well, bringing the distressed share from 0.80% to 1.61% of all closings. These are not systemic levels, but they may represent early signs of pressure at the margins—particularly among households who purchased or refinanced during the peak‑rate environment. Marketing times lengthened for the second consecutive year, with CDOM rising more than 11%. This continues the multi‑quarter pattern of a market weighed down by persistently high interest rates, where buyers remain active but more selective, and sellers face longer exposure before securing a contract.

Portland Region Scatter Plots

To visualize the distribution of individual detached homes sales prices across Q1 2026, the following scatter plot shows sales price against date of sale:

The scatter plot below illustrates the distribution of individual detached home sales across Q1 2026, with each point representing a single closing. The vast majority of activity—more than 3,000 of the 3,349 sales—occurred below $1 million, forming the dense mid‑band that represents the functional core of the detached market. Above $1 million, the cloud begins to thin, with a smaller set of luxury transactions extending into the $3–5 million range; these outliers contribute to the segment’s wide price spread but do not define overall market behavior. The vertical dispersion in the chart reflects the extraordinary diversity of detached housing in the region, ranging from sub‑1,000‑square‑foot cottages to 9,000‑square‑foot luxury builds, combined with differences in land, location, and condition. Sales are evenly distributed across the quarter, showing a market that remained active and steady, and the absence of any clear trend reinforces that the modest year‑over‑year price erosion observed in the aggregate data reflects broader conditions rather than intra‑quarter softening.

Core Market (< $1M)

The core market—detached single‑family homes closing under $1 million—continues to anchor the region’s detached activity, representing 91.61% of all sales and 81.03% of total dollar volume in Q1 2026. Because this segment accounts for nearly all transactions, it provides the clearest view of underlying market conditions. Year‑over‑year changes are modest, but they reveal a market that remains functional, rate‑weighted, and subtly reshaped by a shift in land characteristics that is not visible in the regional aggregates.

The table below shows core-market metrics for Q1 2026 compared with Q1 2025.

CategoryCore (< $1M) Q1 2025Core (< $1M) Q1 2026% Change
Total $ Volume$1.81 Billion$1.79 Billion-1.07%
Average Price$592,021$583,036-1.52%
Median Price$570,000$565,000-0.88%
Avg SP/OLP97.54%97.12%-0.43%
Avg PPSF (TSF)$312.73$308.78-1.27%
Avg Lot Size (ac)0.510.45-11.48%
Avg Age (Yrs)46.9746.46-1.07%
Avg CDOM69.0075.11+8.86%
Avg Total SF2,0072,005-0.09%
Total # of Sales3,0543,068+0.46%
# of New Constr.407432+6.14%
% of $ Volume80.43%81.03%+0.74%
% of Market91.49%91.61%+0.13%
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Price levels in the core segment softened slightly, with average price down about 1.5% and median price slipping just under 1%. These declines are small but meaningful—and importantly, they are partly compositional. While total square footage, average age, and the number of sales remained essentially unchanged, average lot size contracted from 0.51 to 0.45 acres, a notable shift for detached homes. Smaller parcels naturally pull down both price and PPSF, even when structure size is stable. This nuance is masked in the regional overview, where the >$1M segment—characterized by larger lots—pulled the overall average upward. Only by slicing the market does the underlying trend become clear: the core segment sold slightly less land this year, and that contributed to the mild price erosion.

PPSF followed the same pattern, declining from $312.73 to $308.78 (‑1.3%). With total square footage essentially flat (2,007 → 2,005), this movement reflects both the modest softening in pricing and the shift toward smaller lots. In a detached market where land is a major component of value, even small changes in parcel size can influence price metrics in ways that are not immediately visible without segmentation.

New construction strengthened the segment, rising from 407 to 432 closings (+6.1%). This increase helped keep the average age of sold homes stable and indicates that builders continue to find demand in the entry‑to‑mid‑level detached market despite elevated borrowing costs. The steady flow of new inventory also contributes to the segment’s overall stability, offering buyers predictable options within the core price band.

Market tempo slowed, with average cumulative days on market rising from 69 to 75 days (+8.8%). This increase mirrors the broader regional pattern and reflects the behavior of affordability‑conscious buyers navigating higher rates: more comparison shopping, more negotiation, and more time before committing. The slight decline in the SP/OLP ratio (97.54% → 97.12%) reinforces this dynamic, showing that buyers in the core segment have gained a bit more leverage than they held a year ago.

Overall, the core market remains structurally stable. Prices softened modestly, lots trended smaller, new construction strengthened, and buyers took more time to transact—all consistent with a detached market adjusting to persistent rate pressure rather than reacting to distress or volatility. The compositional shift in land is the key nuance this quarter: it explains part of the mild price decline and highlights why slicing the market is essential for understanding the true dynamics beneath the regional averages.

Core Market (< $1M) Scatter Plot

To visualize pricing behavior within the core detached segment, the following scatter plot shows individual sales under $1 million across Q1 2026:

Most core‑market sales fall between $300,000 and $800,000, and this is where the scatter plot forms its densest cluster; 86.95% of detached sales occur within this range. Activity becomes noticeably thinner above $800,000 and tapers further as prices approach the $1 million threshold. The even spread of points across the quarter indicates a steady, active market with no visible intra‑quarter trend—consistent with a segment that is stable, rate‑weighted, and not experiencing rapid shifts in buyer or seller behavior. The mild year‑over‑year softening observed in the core market reflects broader conditions and subtle compositional changes rather than any short‑term movement within the quarter.

Luxury Market (≥ $1M)

The luxury segment—detached homes closing at $1 million or more—remains a small but influential share of the regional market, representing 8.39% of all sales and 18.97% of total dollar volume in Q1 2026. Activity held essentially flat year over year, with total sales dipping only slightly (284 → 281), but the composition of what sold shifted in ways that meaningfully shaped the segment’s pricing and tempo.

The table below shows luxury-market metrics for Q1 2026 compared with Q1 2025.

CategoryLuxury (≥ $1M) Q1 2025Luxury (≥ $1M) Q1 2026% Change
Total $ Volume$440.0 Million$418.9 Million-4.79%
Average Price$1,549,154$1,490,724-3.77%
Median Price$1,275,000$1,289,900+1.17%
Avg SP/OLP95.31%94.33%-1.03%
Avg PPSF (TSF)$401.34$397.33-1.00%
Avg Lot Size (ac)1.932.90+50.04%
Avg Age (Yrs)37.2441.27+10.82%
Avg CDOM105.49136.05+28.97%
Avg Total SF3,8913,897+0.15%
Total # of Sales284281-1.06%
# of New Constr.5229-44.23%
% of $ Volume19.57%18.97%-3.05%
% of Market8.51%8.39%-1.38%
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

The most striking change this quarter is the sharp increase in market time. Average cumulative days on market rose from 105 to 136 days, a nearly 29% jump that pushes the segment well past the four‑month mark. This reflects a luxury market where buyers remain active but highly selective, and where elevated borrowing costs have lengthened decision cycles. The decline in the SP/OLP ratio (95.31% → 94.33%) reinforces this dynamic: sellers are conceding more at the negotiation table to secure a contract.

Pricing signals are mixed but ultimately point toward softening. Average price fell 3.8%, while median price rose 1.2%—a divergence explained by a significant compositional shift. The average lot size of sold luxury homes increased dramatically, from 1.93 to 2.90 acres (+50%). Larger parcels tend to pull the median upward even when underlying pricing is flat or declining. This is consistent with the modest drop in PPSF (‑1.0%) and the decline in average price, both of which indicate that the underlying value trend is softening despite the median tick upward.

The segment also skewed older this year, with average age rising from 37 to 41 years. This is directly tied to the steep decline in new‑construction closings (52 → 29, down 44%). With fewer new deliveries entering the upper market, older resale inventory made up a larger share of what sold. These resales helped keep total unit volume nearly flat.

Overall, the luxury market in Q1 2026 reflects a slower, more deliberate segment shaped by higher rates, fewer new‑construction offerings, and a shift toward larger, older properties. Demand remains present, but buyers are taking more time, negotiating more firmly, and showing greater sensitivity to price and condition. The compositional shift toward larger lots also helps explain why the regional average lot size appeared stable even as the core market contracted—an important nuance that becomes visible only when the market is segmented.

Luxury Market (≥ $1M) Scatter Plot

To visualize pricing behavior in the upper end of the detached market, the scatter plot below shows individual sales at or above $1 million across Q1 2026.

Most luxury‑segment sales cluster between $1 million and $2 million, with activity thinning noticeably above $2 million and only a small number of outliers reaching into the $4–6 million range. The distribution remains steady across the quarter, with no visible intra‑quarter trend—consistent with a segment that is active but slower‑moving, shaped more by buyer selectivity and longer marketing times than by rapid shifts in pricing. The wide vertical spread reflects the diversity of the upper market, where property characteristics vary substantially in size, age, and acreage. The mild softening observed in the luxury metrics aligns with what the scatter shows: a functioning but rate‑weighted segment where buyers are taking more time, negotiating more firmly, and concentrating their activity in the lower half of the luxury price band.

Sales Volume

A treemap visualizing the distribution of detached single-family home sales by county in Q1 2026 clearly illustrates the market’s geographic concentration.

Sales volume remains heavily concentrated in the region’s Big Three countiesMultnomah, Washington, and Clackamas—which together account for 90.98% of all detached transactions. Multnomah leads with 36.22% of sales, followed by Washington at 30.34% and Clackamas at 24.43%, forming the structural core of regional activity. The remaining counties—Yamhill, Columbia, and Hood River—collectively contribute less than 10% of sales, and their smaller footprints are clearly visible in the treemap.

This distribution underscores how dependent the detached market is on the Big Three for both volume and trend formation. Regional pricing, tempo, and compositional shifts are shaped primarily by these counties, while the outlying markets play a supporting but comparatively limited role. The treemap also reinforces why segmentation by price tier is essential: even within this dominant tri‑county block, the mix of property types, lot sizes, and buyer profiles varies enough to influence the broader narrative when examined more closely.

The bar chart below compares monthly sales volume across the three months of Q1 for 2025 and 2026.

Monthly activity varied between the two years, but total quarterly volume was nearly identical (3,338 vs. 3,349). January posted the largest difference, with 2026 starting slower (‑119 sales), while February and March both exceeded their 2025 counterparts. March in particular showed a notable lift, adding 117 more sales than the prior year and offsetting January’s deficit. The overall pattern reflects a market that remains active and steady despite rate pressure: timing shifted within the quarter, but the total number of homes changing hands was effectively unchanged. This reinforces the broader theme of Q1 2026—a functional, rate‑weighted market where buyer activity persists even as conditions evolve.

Sales Price

The bar chart below compares monthly average sales prices across the three months of Q1 for 2025 and 2026.

Note: The y-axis starts at $600,000 to allow better examination of monthly differences.

Average prices in January and February 2026 trailed their 2025 counterparts, down 3.9% and 4.4%, respectively. March posted a modest gain of 0.97%, but the improvement was not enough to offset the softer performance earlier in the quarter. The overall pattern reflects a market that began the year under mild price pressure before stabilizing toward the end of the quarter. This aligns with the broader Q1 narrative: steady sales volume, longer marketing times, and modest year‑over‑year softening shaped partly by composition and partly by rate‑driven buyer behavior.

New Construction

The bar graph below shows monthly total detached single-family sales in Q1 2026, with new construction volume nested within each bar to illustrate the portion of sales that were newly built.

New‑construction activity held remarkably steady throughout the quarter, ranging from 12% to 15% of monthly sales and totaling 461 closings, or 13.77% of all Q1 transactions. This consistency indicates that builders are delivering homes at a stable cadence and have adapted effectively to the higher‑rate environment. Even as resale activity fluctuated month to month, new‑construction volume remained a reliable contributor to overall supply, helping to support market stability and providing buyers with fresh inventory options across the region.

New‑construction activity in Q1 2026 landed almost exactly on par with the prior year—461 closings vs. 459, a difference of just two homes. This near‑perfect match is remarkable given the higher‑rate environment and reflects how effectively builders have adapted their pipelines, pricing, and product mix to current conditions.

At the county level, the distribution shifted modestly. Clackamas posted a small gain, Multnomah held perfectly steady, and Washington County—which continues to dominate the region’s new‑construction landscape—remained essentially unchanged with 230 closings, representing nearly half (49.89%) of all new‑construction sales. Smaller counties showed more volatility: Columbia saw a jump from 1 to 9 closings, Hood River recorded a single new‑construction sale, and Yamhill experienced a notable decline.

The dollar value of new construction closings provides additional context on builder activity and investment scale. The table below shows new construction sales volume by dollar amount for Q1 2026 compared with Q1 2025.

CountyQ1 2025 $ AmountQ1 2026 $ Amount% Change% of Total 2026 $ Amount
Clackamas$111,923,639$103,211,227-7.78%4.68%
Columbia$590,000$4,716,300699.37%0.21%
Hood River$0$514,0000.02%
Multnomah$41,125,069$36,451,666-11.36%1.65%
Washington$178,646,937$157,578,442-11.79%7.14%
Yamhill$19,039,763$15,075,863-20.82%0.68%
Sum$351,325,408$317,547,498-9.61%14.38%
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

The following double bar chart provides the above information at a glance.

Even though the number of new‑construction closings in Q1 2026 nearly matched the prior year, total dollar volume declined by 9.61%. This reflects a meaningful shift in the mix of what builders delivered. The upper end of the market retreated this quarter, and because luxury new‑construction homes typically carry price points roughly double those of core‑market builds, the reduction in high‑value deliveries had an outsized impact on total dollars.

Washington County—still the region’s dominant new‑construction hub—saw an 11.79% decline in dollar volume despite only a slight dip in unit count. Clackamas and Multnomah posted similar declines, while Yamhill experienced a sharper drop. Smaller counties showed volatility in percentage terms, but their absolute dollar contributions remain minimal.

The overall pattern shows that builders maintained production levels but shifted toward more moderately priced offerings, resulting in a lower aggregate dollar footprint even as total units held steady. This aligns with the broader Q1 dynamic: the luxury segment softened, and that softness reflected directly in the new‑construction dollar totals.

Cumulative Days on Market

The bar chart below compares average cumulative days on market (CDOM) across the three months of Q1 for 2025 and 2026.

Marketing time increased across all three months, with January up 7.9%, February up 16.9%, and March up 11.2% compared with the prior year. The consistent rise reflects a market where buyers remain active but more deliberate, taking longer to commit as elevated rates continue to shape decision‑making. While sales volume held steady quarter over quarter, the longer exposure times indicate that sellers needed more patience in Q1 2026, and that homes generally required additional time to find the right match.

The bar chart below breaks out average CDOM by market segment for the three months of Q1 2026, comparing core (< $1M) and luxury (≥ $1M) properties.

Across all three months, luxury homes required substantially more time to sell, with differences ranging from 42 to 85 days. In January, the gap was widest—luxury listings averaged 166 days on market compared with 81 days for core‑market homes, a spread of nearly three months. February and March showed similar patterns, with luxury homes consistently taking 1.5 to 2.5 months longer to secure a buyer. This disparity reflects the natural dynamics of the upper market, where higher price points, specialized features, and a smaller buyer pool contribute to longer marketing times even in steady conditions.

HOA Dues

While HOA dues are not a defining feature of the detached‑home market, they are far from rare. More than a quarter of all detached sales in Q1 2026 were located in communities with mandatory dues.

CategoryQ1 2025Q1 2026
# of HOA Sales860879
Total Sales3,3383,349
% of Market25.76%26.25%
HOA dues count are sales reporting nonzero HOA dues.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

The share of detached homes with HOA dues edged slightly higher this year, rising to 26.25% of all sales. This reflects the continued prevalence of master‑planned communities, private streets, and shared‑amenity neighborhoods across the region—especially in newer suburban developments. While dues for detached homes are generally modest, they represent a persistent monthly expense for a meaningful portion of buyers and remain an important part of the carrying‑cost profile for these properties.

The bar chart below compares average monthly HOA dues (for reporting sales) for Q1 2025 and Q1 2026:

Average HOA dues for detached homes remained relatively modest across all counties, with most falling between $50 and $75 per month. Year‑over‑year changes were small and mixed: some counties saw slight decreases, while others posted mild increases. These shifts reflect normal variation in community‑level budgeting rather than any broad regional trend. Although detached‑home dues are a fraction of those seen in the attached and condominium segments, they remain a consistent monthly obligation for more than a quarter of buyers and continue to shape affordability at the margins.

Miscellaneous Statistics & Standout Transactions

A few notable extremes and outliers from Q1 2026 illustrate the wide range of value drivers across the six-county region.

Lowest close price: $135,000—a 1963 fixer in Lafayette (Yamhill County). Not much information was given, but tax records show it was sold to an LLC, so the site may be redeveloped. Exterior photos of this property are currently available online.

Highest close price: $5,725,950—a 1990 lakefront estate in Lake Oswego (Clackamas County). The custom-built residence features high-quality finishes, a swimming pool, and excellent views of the Lake. Photos of this property are currently available online.

Smallest Home: 485 sq. ft.—a 1946 cabin in Hood River County. The property was habitable at the time of sale. Given the two-acre lot, the cabin may be eventually demoted to an ADU and a larger residence built. Photos of this property are currently available online.

Largest Home: 8,913 sq. ft.—a 1999 estate home in Portland’s Forest Park neighborhood. The property is situated on a private, forested 10-acre lot and offers expansive rooms. Photos of this property are currently available online.

Largest Lot: 103.62 Acres—a 2008 custom home in Vernonia (Columbia County). The property is located along the Nehalem River and has a half mile of frontage. The property was used as an inn in the past. Photos of this property are currently available online.

Longest CDOM: 1,259 days—a $1.9M listing in Happy Valley (Clackamas County) that closed at $1.7M. The 2005 home is 7,070 sq. ft. and is located in a gated community. Photos of this property are currently available online.

These outliers demonstrate that detached single-family home ownership in the Portland Region can begin around $135,000 for buyers who are patient, flexible, and prepared to address condition or location factors. They stand in contrast to the region’s severely strained affordability.

With the regional aggregate trends, segment splits, monthly patterns, and notable outliers now in view, the remainder of this update turns to a county-level breakdown. The following sections present year-over-year comparisons for each of the six counties in the Portland Region—Multnomah, Washington, Clackamas, Yamhill, Columbia, and Hood River—ordered by Q1 2026 sales volume descending. Each county snapshot includes key metrics, commentary on local drivers, and any segment-specific observations that help explain broader regional patterns.

Multnomah County Q1 2026 Stats

The table below summarizes key metrics for Multnomah County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$756.1 Million$740.9 Million-2.02%
Average Price$624,914$610,761-2.26%
Median Price$540,000$525,000-2.78%
Avg SP/OLP97.82%97.57%-0.25%
Avg PPSF (TSF)$318.13$313.92-1.33%
Avg HOA Dues$58.52$66.21+13.15%
Avg Lot Size (ac)0.230.29+28.18%
Avg Age (Yrs)67.1867.79+0.91%
Avg CDOM65.8967.13+1.88%
Avg Total SF2,0662,057-0.44%
Total # of Sales1,2101,213+0.25%
# of New Constr.66660.00%
# of REOs921+133.33%
# of Short Sales660.00%
Average PABAI75.1385.58+13.91%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Multnomah County was one of the most stable submarkets in the region this quarter. Total sales were essentially unchanged (1,210 → 1,213), and average cumulative days on market held nearly flat (65.9 → 67.1 days). This is notable because the broader region saw a more pronounced slowdown in tempo; Multnomah’s size and liquidity helped keep marketing times steady even as rates remained elevated.

Prices softened modestly across all major measures. Average price (‑2.26%), median price (‑2.78%), and PPSF (‑1.33%) all moved in the same direction and by similar magnitudes, reflecting mild, rate‑weighted pressure rather than any structural shift in demand. The increase in average lot size (0.23 → 0.29 acres, +28%) appears to be a compositional change rather than a land‑value story, as it did not prevent prices from easing.

New construction held perfectly steady at 66 closings, a rare outcome among the counties and a sign of a stable, predictable supply pipeline. REOs increased from 9 to 21, but the absolute number remains very small—just 1.7% of all sales—so this does not indicate distress.

Affordability improved meaningfully. Multnomah’s PABAI rose from 75.13 to 85.58, a 13.9% gain, driven largely by slightly better mortgage rates and income growth. Even with this improvement, Multnomah remains less affordable than the regional average (80.47), reflecting its higher baseline pricing and urban cost structure.

The scatter plot of all Multnomah County sales in Q1 2026 reinforces these themes:

Most sales cluster below $1 million, with a consistent spread across the quarter and only a small number of outliers above $2 million. There is no visible intra‑quarter trend or volatility spike—just a steady, well‑distributed flow of transactions. This visual stability mirrors the metrics: Multnomah continues to function as the region’s most liquid and predictable submarket, with steady demand, steady tempo, and only mild softening at the margins.

Washington County Q1 2026 Stats

The table below summarizes key metrics for Washington County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$697.4 Million$665.7 Million-4.55%
Average Price$678,423$655,226-3.42%
Median Price$638,950$604,250-5.43%
Avg SP/OLP97.54%96.86%-0.70%
Avg PPSF (TSF)$318.99$307.81-3.50%
Avg HOA Dues$70.55$70.98+0.61%
Avg Lot Size (ac)0.410.33-19.46%
Avg Age (Yrs)30.0030.11+0.34%
Avg CDOM72.4479.97+10.39%
Avg Total SF2,2112,198-0.58%
Total # of Sales1,0281,016-1.17%
# of New Constr.233230-1.29%
# of REOs17+600.00%
# of Short Sales41-75.00%
Average PABAI66.0376.94+16.51%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Washington County showed a mild but noticeable softening in Q1 2026, with most metrics drifting slightly lower while overall activity remained stable. Total sales dipped only marginally (1,028 → 1,016, ‑1.17%), but the county experienced a more meaningful increase in marketing time: CDOM rose from 72.4 to 80.0 days (+10.39%). This was a larger tempo shift than in Multnomah and reflects a market where buyers took longer to commit, particularly in the mid‑tier price ranges.

Prices declined across all major measures. Average price (‑3.42%), median price (‑5.43%), and PPSF (‑3.50%) all moved downward in a coordinated way, indicating broad, rate‑weighted softening rather than a compositional anomaly. The sharper decline in median price suggests that the lower and middle segments of the market felt more pressure—a pattern consistent with the employment uncertainty tied to Intel’s layoffs, which disproportionately affect Washington County’s buyer pool.

Average lot size decreased from 0.41 → 0.33 acres (‑19.46%), which contributed to the price movement but does not fully explain it. Most other structural metrics—home size, age, HOA dues, and new‑construction volume—were essentially unchanged. New construction in particular held steady (233 → 230), reinforcing Washington County’s role as the region’s largest and most consistent builder hub.

Affordability improved meaningfully. Washington’s PABAI rose from 66.03 to 76.94, a 16.5% increase, driven by slightly better mortgage rates and income growth. Even so, the county remains less affordable than the regional average (80.47), reflecting its higher baseline pricing and strong demand for newer suburban housing.

The scatter plot reinforces these themes: a dense cluster of sales between $500k and $900k, a thinner upper tier, and a handful of outliers above $1.5M. There is no visible intra‑quarter trend — just steady, slightly slower activity. Overall, Washington County remained functional and active, but with softer pricing and a more deliberate buyer pace than last year.

The following is a scatter plot of all Washington County sales in Q1 2026:

The scatter plot reveals a dense cluster of sales between $500k and $900k, a thinner upper tier, and a handful of outliers above $1.5M. There is no visible intra‑quarter trend—just steady, slightly slower activity. Overall, Washington County remained functional and active, but with softer pricing and a more deliberate buyer pace than last year.

Clackamas County Q1 2026 Stats

The table below summarizes key metrics for Clackamas County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$607.5 Million$620.5 Million+2.13%
Average Price$796,232$758,529-4.74%
Median Price$644,000$637,283-1.04%
Avg SP/OLP96.64%96.51%-0.13%
Avg PPSF (TSF)$331.32$331.56+0.07%
Avg HOA Dues$82.72$71.50-13.56%
Avg Lot Size (ac)1.050.91-14.12%
Avg Age (Yrs)36.9936.64-0.97%
Avg CDOM73.2994.03+28.29%
Avg Total SF2,4002,358-1.71%
Total # of Sales763818+7.21%
# of New Constr.120128+6.67%
# of REOs48+100.00%
# of Short Sales13+200.00%
Average PABAI64.2272.51+12.91%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Clackamas County was one of the few counties to post an increase in total dollar volume this quarter, rising 2.13% year over year. This wasn’t driven by higher prices—average and median prices both dipped—but rather by more sales overall (763 → 818, +7.21%). Clackamas was one of the most active counties in Q1, and that higher transaction count helped offset modest price softening.

Prices declined in a way that clearly reflects compositional changes rather than value erosion. Average price fell 4.74%, but PPSF held almost perfectly flat ($331.32 → $331.56, +0.07%). At the same time, both average home size (‑1.71%) and average lot size (‑14.12%) decreased. This combination tells a consistent story: the mix shifted toward smaller homes on smaller parcels, pulling down the averages even as underlying price per square foot remained stable.

Marketing time increased sharply. Average CDOM rose from 73.3 to 94.0 days (+28.29%), one of the largest tempo shifts in the region. Buyers were more deliberate, and sellers needed more patience—especially in the upper‑end segments, which tend to be more sensitive to rate conditions and seasonal timing.

New construction increased (120 → 128, +6.67%), reinforcing Clackamas County’s role as a growth corridor with steady builder activity. REOs and short sales rose in percentage terms but remain extremely small in absolute numbers and do not indicate distress.

Affordability improved but remains strained. Clackamas’ PABAI rose from 64.22 to 72.51 (+12.91%), yet the county remains one of the least affordable in the region, driven in part by the presence of high‑value submarkets such as Lake Oswego and West Linn. One important feature of the PABAI is that it’s not strongly influenced by outliers. Since the index averages affordability ratios across every sale—not just a median price—high‑end transactions have only a muted effect on the final number. This makes county‑to‑county comparisons more stable and meaningful.

The following is a scatter plot of all Clackamas County sales in Q1 2026:

The following scatter plot zooms in on sales below $1,000,000:

The scatter plots reinforce these themes. Most sales cluster below $1M, with a healthy mid‑range and a handful of very high‑end outliers extending above $5M. There is no visible intra‑quarter trend—just steady activity across a wide price spectrum. The visual spread mirrors the metrics: active and stable, with price softening driven primarily by mix rather than market weakness.

Yamhill County Q1 2026 Stats

The table below summarizes key metrics for Yamhill County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$127.4 Million$120.4 Million-5.47%
Average Price$571,125$611,154+7.01%
Median Price$485,000$499,500+2.99%
Avg SP/OLP97.43%95.07%-2.42%
Avg PPSF (TSF)$312.30$311.90-0.13%
Avg HOA Dues$56.43$52.70-6.61%
Avg Lot Size (ac)1.622.22+36.85%
Avg Age (Yrs)36.0936.83+2.04%
Avg CDOM84.09100.55+19.57%
Avg Total SF1,8661,956+4.82%
Total # of Sales223197-11.66%
# of New Constr.3927-30.77%
# of REOs110.00%
# of Short Sales03
Average PABAI86.3593.13+7.85%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Yamhill County experienced one of the sharper slowdowns in sales activity this quarter. Total transactions fell from 223 → 197 (‑11.66%), which in turn pulled total dollar volume down 5.47%. Yet despite fewer sales, both average and median prices increased—a signal that the mix shifted toward larger, higher‑acreage properties rather than broad‑based appreciation.

That mix shift is visible in the structural metrics. Average lot size rose dramatically (1.62 → 2.22 acres, +36.85%), and average home size increased as well (1,866 → 1,956 SF, +4.82%). PPSF, however, remained essentially unchanged (‑0.13%), confirming that underlying values were stable and that the higher averages were driven by the types of homes selling, not by rising prices across the board.

Marketing time lengthened meaningfully. Average CDOM climbed from 84.1 to 100.6 days (+19.57%), crossing the 100‑day threshold and signaling a slower, more deliberate market. This is typical for rural counties with a wide range of property types and a thinner buyer pool, especially when larger acreage properties dominate the quarter’s activity.

New construction declined sharply (39 → 27, ‑30.77%), one of the steepest drops in the region. This reflects fewer subdivision deliveries and a shift toward resale activity on larger parcels. REOs and short sales remain negligible in number and do not indicate distress.

Affordability improved modestly. Yamhill’s PABAI rose from 86.35 to 93.13 (+7.85%), placing it among the more affordable counties in the region—well above the regional average (80.47). This aligns with its lower baseline pricing and rural character, even as larger properties influenced this quarter’s mix.

The following is a scatter plot of all Yamhill County sales in Q1 2026:

The following scatter plot zooms in on sales below $1,000,000:

Most sales cluster below $1M, with a handful of high‑end outliers reaching into the multi‑million‑dollar range. The distribution is wide, typical of a rural county with diverse housing stock. Overall, Yamhill’s Q1 performance reflects fewer sales, larger properties, stable underlying values, and a slower market tempo.

Columbia County Q1 2026 Stats

The table below summarizes key metrics for Columbia County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$48.48 Million$44.83 Million-7.52%
Average Price$484,812$521,336+7.53%
Median Price$468,500$471,350+0.61%
Avg SP/OLP95.43%96.11%+0.71%
Avg PPSF (TSF)$278.74$275.14-1.29%
Avg HOA Dues$26.37$35.20+33.46%
Avg Lot Size (ac)2.093.54+69.41%
Avg Age (Yrs)47.3439.91-15.70%
Avg CDOM96.5681.29-15.81%
Avg Total SF1,8801,952+3.79%
Total # of Sales10086-14.00%
# of New Constr.19+800.00%
# of REOs12+100.00%
# of Short Sales01
Average PABAI92.74100.27+8.12%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Columbia County remains the smallest and most variable market in the region, and that scale is essential context when interpreting quarterly changes. Total sales fell from 100 → 86 (‑14%), which alone explains the decline in total dollar volume (‑7.52%). With so few transactions, even modest shifts in the types of homes selling can move averages more than in the larger counties.

That mix shift is clearly visible this quarter. Average lot size increased dramatically (2.09 → 3.54 acres, +69.41%), and average home size rose as well (1,880 → 1,952 SF, +3.79%). These structural changes helped lift the average sale price by 7.53%, even though PPSF declined slightly (‑1.29%) and median price barely moved (+0.61%). This is a textbook example of how acreage‑heavy quarters can buoy averages without indicating broad appreciation.

Interestingly, Columbia was one of the few counties where marketing time improved. Average CDOM fell from 96.6 to 81.3 days (‑15.81%), suggesting that the buyers who were active in Q1 were decisive, even as overall activity thinned. The county also saw a notable increase in new construction closings (1 → 9), though the absolute numbers remain too small to draw structural conclusions.

Affordability remains Columbia County’s defining characteristic. Its PABAI rose from 92.74 to 100.27, making it the most affordable county in the region by a wide margin and the only one with a PABAI above 100. This reflects its lower baseline pricing, rural character, and the relative absence of high‑cost submarkets.

The following is a scatter plot of all Columbia County sales in Q1 2026:

The scatter plot reinforces the small‑market dynamics. Most sales cluster below $600k, with a handful of outliers extending upward. The distribution is wide but thin, typical of a rural county with diverse property types and limited transaction volume. Overall, Columbia’s Q1 performance reflects fewer sales, larger properties, stable underlying values, and the strongest affordability profile in the region.

Hood River County Q1 2026 Stats

The table below summarizes key metrics for Hood River County detached single-family residential sales in Q1 2026 compared with Q1 2025.

CategoryQ1 2025Q1 2026% Change
Total $ Volume$11.06 Million$15.38 Million+39.03%
Average Price$790,029$809,316+2.44%
Median Price$654,200$745,000+13.88%
Avg SP/OLP93.64%92.61%-1.11%
Avg PPSF (TSF)$420.77$480.64+14.23%
Avg HOA Dues$41.66$27.08-35.00%
Avg Lot Size (ac)1.851.12-39.43%
Avg Age (Yrs)62.3635.00-43.87%
Avg CDOM153.86120.11-21.94%
Avg Total SF1,9591,928-1.62%
Total # of Sales1419+35.71%
# of New Constr.01
# of REOs01
# of Short Sales00
Average PABAI60.8664.79+6.46%
HOA figures are for homes reporting nonzero dues. All other metrics use the full dataset.
Single-Family Detached Residential | Q1 2025 & Q1 2026
Data: RMLS | PortlandAppraisalBlog.com

Hood River County is by far the smallest market in the region, and that scale shapes how its quarterly metrics should be interpreted. With only 19 sales this quarter, even a handful of transactions can meaningfully shift averages. For that reason, the most appropriate approach here is to report the changes rather than infer broad trends.

Total sales increased from 14 → 19 (+35.71%), and total dollar volume rose proportionally (+39.03%). Average and median prices both increased—average price by 2.44% and median price by 13.88%—but these movements reflect the specific mix of homes that sold rather than market‑wide appreciation. The structural metrics confirm this: homes sold this quarter were younger on average (62.4 → 35.0 years, ‑43.87%) and sat on much smaller lots (1.85 → 1.12 acres, ‑39.43%). These shifts alone can easily move median and average prices in a small dataset.

Price per square foot increased ($420.77 → $480.64, +14.23%), but again, with so few sales, this reflects the characteristics of individual properties rather than a reliable directional signal. Average home size was nearly unchanged (‑1.62%), reinforcing that PPSF is being influenced by the composition of the sales rather than broad pricing pressure.

Marketing time improved meaningfully. Average CDOM fell from 153.9 to 120.1 days (‑21.94%), though both figures remain high relative to the metro counties. This is typical for a small, rural, and lifestyle‑driven market where unique properties take longer to match with the right buyer.

Affordability improved modestly. Hood River’s PABAI rose from 60.86 to 64.79 (+6.46%), but because the county had only 19 sales, this value should be interpreted with caution. The index is most reliable in segments with at least 20–30 transactions, and Hood River’s small sample size means quarterly fluctuations may reflect mix rather than underlying affordability conditions. PABAI is generally more meaningful for this county on a semi‑annual or annual basis.

The following is a scatter plot of all Hood River County sales in Q1 2026:

The scatter plot reinforces the small‑sample dynamics. Prices vary widely from sale to sale, with a handful of higher‑priced transactions early in the quarter and a cluster of mid‑range sales later on. There is no meaningful intra‑quarter trend—just the natural variability of a market with very few transactions.

Closing Thoughts

Taken together, the first quarter of 2026 reads as a softer, more composition‑driven period for the Portland region. Most counties posted lower dollar volume than last year, and even where prices held steady, the underlying story often came down to the types of homes that sold rather than broad market movement. Smaller homes and smaller lots were more common in several counties, while others saw the opposite—larger rural properties that lifted averages despite thinner activity. Across the board, the data shows a market that is functioning, but not accelerating.

The core and luxury segments reinforced this pattern. The sub‑$1M market slipped modestly, shaped largely by mix and by buyers who remained price‑sensitive despite slightly better mortgage rates. The luxury market, meanwhile, saw a sharper pullback, driven in large part by a steep decline in new construction closings. With fewer high‑end builds delivering, luxury volume contracted and marketing times lengthened, underscoring how sensitive the upper tier remains to both rates and inventory cycles.

Affordability improved across all counties, but not enough to materially change behavior. Buyers were active but deliberate, sellers needed more patience, and the region continued to operate in a narrow band between stability and constraint. Q1 wasn’t a dramatic quarter—just a quieter one, shaped by rate‑sensitivity, local variation, and the ongoing influence of what sells in any given slice of time. As we move into the spring and summer markets, the question is less about momentum and more about whether mortgage rates will continue to weigh upon the market.

What trends do you expect to see in Q2 2026? I’d love to hear your thoughts—feel free to reply here or reach out directly.

Sources & Further Reading

All data presented in this quarterly update is sourced directly from RMLS and has been subjected to our rigorous cleaning and validation process to ensure reliability for detached single-family residential analysis in the six-county Portland Region. The trends, comparisons, and commentary are the result of original appraisal expertise and independent analysis—not aggregated from secondary sources or news summaries.

Coda

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Appraisal Deep Dive: The Ritz‑Carlton Residences, Portland — A Case Study in a Well‑Managed Turnaround (2026)

The Ritz-Carlton reset worked: after a year of no activity, 36 sales closed in the first five months of 2026 at 100% of their post-reset list price. With 85 units still unsold, the luxury tower is transitioning from an initial surge of pent-up demand to more typical, organic absorption conditions in the downtown Portland luxury condo market.

The Ritz-Carlton, Portland hotel and Ritz-Carlton Residences
Photo: Via Wikimedia Commons (CC BY 4.0)

The Ritz‑Carlton Residences, Portland entered 2026 under a cloud of uncertainty. Between November 9, 2023 and February 28, 2025, only 11 units had sold—as detailed in a prior Portland Appraisal Blog analysis—and the project had become the subject of sustained media attention focused on stalled absorption, unresolved structural questions, and the perception that the tower was struggling to gain traction in a challenging downtown environment. The situation escalated when the property underwent a transfer in lieu of foreclosure, adding another layer of complexity to an already difficult narrative.

By early 2026, the building carried 121 unsold units, and the market for new‑construction luxury condominiums in the central city appeared effectively frozen. With no closings for roughly a year, the project was beginning to resemble a potential failure: a high‑profile development facing a large block of inventory, limited buyer confidence, and widespread uncertainty about how—or whether—the remaining units could be absorbed.

This was the backdrop against which Christie’s International Real Estate assumed responsibility for the remaining inventory. The central question was whether a disciplined strategy could revive a project that had stalled so completely.

Turnaround Challenge

Christie’s International Real Estate assumed responsibility for the remaining inventory at The Ritz‑Carlton Residences, Portland at a moment when the project faced significant headwinds. Although the brokerage network originated as a subsidiary of the Christie’s auction house, it is now independently owned and operates under a long‑term, exclusive brand‑licensing partnership with the auction house. According to the organization’s official website, the network spans more than 50 countries, includes 518 brokerage offices, and comprises over 11,000 agents.

Its Portland affiliate, Christie’s International Real Estate Evergreen – Portland, is based in the Pearl District and has been tasked with directing the turnaround efforts. Per their website, the local team was “founded by longtime top‑producing brokers…with deep roots in Oregon and Southwest Washington.” This combination of local experience and access to a global luxury network positioned the firm to manage a complex, high‑end inventory release in a challenging market environment.

The task was no minor undertaking. Their job was to reintroduce a project that had gone quiet, rebuild buyer confidence, and manage the release of a large block of inventory without destabilizing pricing or overwhelming the market.

The data from the first half of 2026 now provides a clear picture of how that effort unfolded and why the results amount to a well‑managed turnaround.

Ritz-Carlton Performance Snapshot

MetricPre-Reset (2023-2025)Post Reset (2026 – Present)
Units Sold1136
Cancelled Listings1032
Total $ Value$16,504,000$42,362,500
Average Sales Price$1,500,364$1,176,736
Median Sales Price$1,100,000$1,140,000
Average PPSF$1,052.73$732.01
Median PPSF$944.20$693.09
Average Total SF1,3631,577
Average SP/OLP84.48%100.00%
Average CDOM24.5510.25
Data: RMLS | Portland Appraisal Blog

The metrics reveal a clear shift in market behavior at The Ritz‑Carlton Residences following the ownership transition and pricing reset. From 2023 through the end of 2025, the project recorded 11 closed sales against 103 cancelled listings, a pattern consistent with pricing misalignment and limited buyer engagement. In contrast, from January through May 31, 2026, the building produced 36 closings with only two cancellations, indicating a market that re‑engaged once pricing and release strategy were realigned.

This shift is visible across all major indicators. Average sale price declined from $1,500,364 to $1,176,736, while median sale price remained relatively stable at approximately $1.1–$1.14 million. The more pronounced change appears in price per square foot: average PPSF fell from $1,052.73 to $732.01 (median PPSF from $944.20 to $693.09), reflecting the magnitude of the pricing adjustment required to achieve consistent absorption. Post‑reset transactions also show a much tighter clustering between average and median values, suggesting a more uniform product mix and a consistent buyer pool.

Other measures point to improved market efficiency. Sales price to original list price (SP/OLP) performance increased dramatically to 100%, and cumulative days on market (CDOM) compressed from 24.55 days to 10.25 days. (This uniform 100% SP/OLP outcome across all 36 sales is noteworthy; it suggests the brokerage team made a deliberate decision to set disciplined, market‑supported list prices from the outset and hold firm rather than engage in incremental negotiations or further reductions.) Units sold in 2026 also trend noticeably larger on average (1,577 SF vs. 1,363 SF pre‑reset). This shift in unit mix appears to have helped stabilize median sale prices near $1.14 million despite the substantial reduction in PPSF—effectively offering buyers more space while managing the optics of the pricing reset.

From an appraisal perspective, the post‑reset period provides a more reliable body of closed sales for market‑supported valuation. With nearly $59 million in closed condominium sales to date, the dataset is now large enough to support meaningful paired‑sales analysis, PPSF benchmarking, and broader comparison within the downtown Portland luxury segment. The reduction in cancelled listings, the convergence of average and median pricing, and the consistent SP/OLP ratios all indicate improved conformity and sharpens analytical reliability relative to the pre‑reset period.

This snapshot establishes the foundation for the sections that follow, including the relationship between pricing and square footage, the building’s unusually consistent SP/OLP discipline, and the timing patterns visible in listing activity and days on market.

Market Behavior Visuals

The following visuals illustrate how the pricing reset, release strategy, and absorption patterns played out in real time. Each chart highlights a different dimension of the repositioning—from the relationship between sales price and unit size, to the building’s pricing discipline, to the cadence of listings and the timing of contract activity. Taken together, these visuals provide a clearer picture of how the project moved from stalled activity to consistent, market‑supported absorption.

Sales Price vs. Total Square Footage

The scatter plot above highlights one of the clearest contrasts between the pre‑reset and post‑reset market. The original 11 sales (shown in red with a yellow highlight, and sized by total square footage) follow a notably tight linear relationship between unit size and sales price. This indicates that the initial pricing model was internally consistent and size‑driven, but ultimately too high to close more than 11 units over roughly two years. In other words, the pricing logic made sense on paper, but the broader market did not accept the level.

The 2026 sales (shown in gray, also sized by total SF) tell a different story. Rather than forming a straight line, they create a broader vertical band—primarily between 1,400 and 1,800 square feet—with similar‑sized units selling at different prices. This dispersion reflects buyers pricing in floor level, view orientation, and other qualitative attributes. That pattern is exactly what we expect in a more typical, functioning condominium market. When qualitative differences don’t influence price, it usually signals that something is suppressing normal market behavior—precisely the condition present during the pre‑reset period.

Two larger 2026 sales—approximately $2.6M and $2.8M—sit above the main cluster yet remain aligned with the overall trendline. Their presence demonstrates that the premium segment remained viable after the reset; the repositioning did not cripple the upper tier, it simply recalibrated the broader pricing structure to levels the market would reliably absorb.

Overall, the visual shows a clear transition:

  • Pre‑reset: linear, size‑driven pricing with low absorption
  • Post‑reset: market‑derived pricing with healthy variation and strong absorption

This shift sets the stage for the next section on pricing discipline, where we examine how the brokerage held firm on list prices across all 36 post‑reset sales.

Pricing Discipline — 36/36 at 100% SP/OLP

The SP/OLP visuals highlight one of the clearest outcomes of the repositioning: all 36 post‑reset sales closed at 100% of the original list price. This consistency reflects both strong market acceptance and the brokerage team’s research‑driven pricing strategy. The team clearly entered the reset with a well‑supported understanding of where the market would perform, allowing them to hold firm on pricing from the outset. Whether later phases will require adjustments is unknown, but the first 36 sales demonstrate a deliberate intent to maintain pricing discipline during the initial release.

The SP/OLP ratio chart shows the contrast with the pre‑reset period. Earlier transactions cluster in the 70%–90% range, reflecting the degree of price capitulation required to secure the first 11 closings. This wasn’t about concessions in the technical sense—both periods were heavily cash‑driven (9 of 11 pre‑reset sales and 27 of 36 post‑reset sales). Instead, the gap simply reflects how far the original list prices exceeded market‑supported levels.

The dollar‑difference chart reinforces this point. Several pre‑reset units closed $300,000 to $800,000 below their original list prices, underscoring the magnitude of the pricing gap. Post‑reset, this gap disappears entirely. The absence of downward movement across all 36 sales indicates a stable, market‑derived pricing structure rather than one reliant on reductions or incentives.

Together, these visuals show how the reset replaced a high‑price, low‑absorption model with a calibrated pricing framework that the market consistently supported. This pricing stability provides essential context for the next section, where the DOM and List‑Date scatter reveals how absorption patterns evolved under the new strategy.

Simple Graph, Surprisingly Complex Story (DOM vs. List Date)

The DOM vs. List Date scatter is simple in what it displays—each dot shows when a unit was listed, how long it remained on the market, and whether it ultimately closed or is still active (gray = closed, orange = active/pending). Dot size reflects total square footage. But when paired with the weekly release table, the graph reveals the entire structure of the post‑reset absorption cycle.

Week ListedTotal ListingsEventual SalesStill Active or Pending
11/17/2025101
2/16/20261468
2/23/2026871
3/2/2026220
3/9/202615123
3/16/2026220
3/23/2026440
4/6/2026110
4/13/2026211
4/20/2026101
5/18/2026211
5/25/2026202
Totals543618
Data: RMLS | Portland Appraisal Blog

1. The scatter shows listing timing, not closing timing

Each point marks the day a unit entered the market and how long it remained exposed. It does not show when the sale closed. This distinction matters because the brokerage’s release cadence—not the closing dates—is what shapes the pattern.

2. The release table shows how supply entered the market

The brokerage released units in deliberate batches:

  • 14 units the week of 2/16
  • 8 units the week of 2/23
  • 2 units the week of 3/2
  • 15 units the week of 3/9

After more than a year with no closings, the market had accumulated substantial pent‑up demand. The brokerage met that demand with a controlled, phased release rather than flooding the market.

3. DOM for closed sales was remarkably range‑bound

This is one of the most important reads from the scatter.

The gray dots—the units that did sell—cluster within a tight, normal DOM range for a luxury product at this price point. Their DOM reflects typical exposure time, not distress or stagnation.

The high‑DOM outliers are almost entirely unsuccessful listings (orange dots). Their height on the chart represents the number of days from their list date through the date of analysis (June 1, 2026). These are the units that remain active or pending, not the ones that closed.

This distinction matters:

  • Successful listings: normal, range‑bound DOM
  • Unsuccessful listings: high DOM because they are still on the market

This pattern reinforces that the early waves did sell efficiently and that the scatter’s tallest points are simply the unsold remainder of each release cycle.

4. After 3/28, absorption slows for newly released units—but closings continue overall

Only three of the units released after 3/28 have closed so far. This marks the transition from the pent‑up demand phase to the organic‑demand phase, where absorption naturally slows as the backlog of waiting buyers is satisfied.

However, this does not mean the project stopped closing units. Actual closings—regardless of list date—continued into May, with seven closings in May.

This distinction is important:

  • Release‑cohort absorption slowed (only 3 of the later‑listed units have closed).
  • Overall project absorption remained active, just thinner and more typical of a luxury market returning to normal conditions.

The scatter shows this shift: later list dates contain fewer gray dots (closings) and more orange dots (active/pending).

5. No new releases between 4/22 and 5/19

This pause appears in the scatter as a gap in new list dates. The brokerage held back because each release cycle left behind a small number of active units. As absorption slowed, adding more supply would have risked creating drag.

6. Residual inventory is now accumulating — the sensitive phase

There are now 17 active units (plus one pending likely to close). With only 47 of 132 units sold to date, the project still has 85 units remaining.

The scatter shows this clearly:

  • Each release cycle leaves a few units unsold.
  • Those unsold units accumulate as the market shifts into organic demand.
  • DOM for active units is rising—not because pricing is off, but because the buyer pool is no longer front‑loaded with people who have been waiting a year.

This is the expected pattern for a luxury high‑rise after a reset: fast absorption early, slower absorption later, and increasing sensitivity to release timing. With 17 active units (the part of 85 unsold that is currently exposed to the market), the project is entering a more sensitive phase where release timing and inventory management will matter more than during the initial surge.

Concluding Thoughts — A Reset That Worked, and the Phase That Comes Next

The Ritz-Carlton, Portland hotel and Ritz-Carlton Residences
Photo: Via Wikimedia Commons (CC BY 4.0)

The post‑reset performance of the Ritz‑Carlton Residences shows a project that successfully re‑entered the market with a pricing structure the market was willing to absorb. The Sales Price vs. Total SF analysis demonstrated that the reset restored a functioning market where qualitative differences once again influenced price. The SP/OLP discipline confirmed that the brokerage team priced the units with precision, holding firm at 100% SP/OLP across all 36 post‑reset sales—an outcome that reflects both strong market acceptance and a research‑driven pricing strategy.

The DOM vs. List Date scatter then revealed how absorption actually unfolded. The initial release cadence met more than a year’s worth of pent‑up demand, clearing nearly 70% of early listings and producing normal, range‑bound DOM for the units that closed. As the market transitioned into organic demand, absorption naturally slowed, and residual inventory began to accumulate. With 17 active units and 85 still unsold, the project now enters a more sensitive phase where release timing, inventory management, and continued pricing discipline will matter more than during the initial surge.

Taken together, these visuals tell a coherent story:

  • The reset corrected the pricing structure.
  • The brokerage executed a disciplined, data‑supported launch.
  • The market responded strongly at first, then settled into a more typical luxury‑market rhythm.

The project is no longer in the “reset” phase; it is now in the management phase, where the remaining 85 units will require careful pacing to maintain the stability achieved so far. The early results show that the repositioning worked. The next chapter will depend on how effectively the team navigates the slower, more organic portion of the absorption curve.

Sources & Further Reading

Thanks for reading—I hope you found a useful insight or an unexpected nugget along the way. If you enjoyed the post, please consider subscribing for future updates.

CODA

Are you an agent in Portland who wonders why appraisers always do “x”?

A homeowner with questions about appraiser methodology?

If so, feel free to reach out—I enjoy connecting with market participants across Portland and the surrounding counties, and am always happy to help where I can.

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The 2025 Portland Region Manufactured Homes Market in Review

In 2025, Portland Region manufactured homes on owned land rebounded with 315 sales (+14.13%), $148.4M volume (+16.25%), average price $471,014 (+1.86%), and median $435,000 (+3.82%). Rural counties dominated, land value drove stability, and PABAI ranked it the second-most affordable housing segment (111.67).

The Portland White Stag sign.
Photo: Abdur Abdul-Malik, Portland Appraisal Blog

The manufactured‑home market in 2025 moved through a year defined by steadier demand, uneven inventory, and a noticeable shift in how long homes took to find the right buyer in some counties. Manufactured homes remain the second most affordable ownership segment in the Portland Region, right after condominiums. Yet the contrast between the two couldn’t be more stark: a condominium typically offers an apartment in an urban core with monthly dues and shared maintenance, while a manufactured home often delivers acreage in rural or pastoral settings—sometimes in remote locales.

Across the Portland Region, roughly 21,400 homes sold in 2025 across the four major residential segments. Manufactured homes accounted for less than 1.5% of that activity, but they continued to play a meaningful role in the market—often representing one of the few affordable paths to owning acreage.

Table of Contents

Data Housekeeping

The Portland Region in this update comprises the six Oregon counties of Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill. These counties form a contiguous housing ecosystem centered on Portland—Multnomah as the core home county, with the others tightly integrated through commuting patterns, economic ties, and shared market dynamics (e.g., Yamhill’s strong connection via Highway 99W and wine-country adjacency). Beyond Yamhill, the MLS system changes, further distinguishing this six-county area from broader geographic aggregations. For a detailed overview—including county profiles, population data, key value influencers, and why this definition differs from the official seven-county Portland–Vancouver–Hillsboro MSA—see our dedicated page: The Portland Region – Six-County Market Area Overview.

Colored map of the six counties comprising the Portland Region: Clackamas, Columbia, Hood River, Multnomah, Washington, and Yamhill.
The six-county Portland Region
Via SunCatcherStudio

All data is sourced from RMLS and reflects open-market manufactured residential sales (excluding condominiums, attached homes, and site-built detached homes). SNL (“Sold Not Listed”) entries—off-market transactions entered retroactively—have been excluded to preserve consistency with true market activity.

All figures have undergone our standard cleaning process to address common RMLS accuracy challenges, including misclassifications (e.g. manufactured homes hiding in other categories, such as the detached category), square footage/price typos, incomplete fields, status/date mismatches, and non-representative entries. For a detailed overview of these issues, their impact on market analysis, and how we mitigate them through automated flagging, cross-verification, and manual review, see the dedicated page: RMLS Data Accuracy Challenges.

It is important to note that this review focuses on manufactured homes permanently affixed to land that is also owned by the same party. This means we are excluding classic mobile home parks where the owner of the mobile home must pay a lease/lot rental fee.

Portland Region 2025 Overview

Overall Regional Trends

The table below summarizes key metrics for attached single-family manufactured residential sales in the Portland Region (Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill counties) for 2025 compared with 2024.

Category20242025% Change
Total $ Volume$127.6 Million$148.4 Million+16.25%
Average Price$462,411$471,014+1.86%
Median Price$419,000$435,000+3.82%
Avg SP/OLP96.69%96.14%-0.57%
Avg PPSF (TSF)$295.71$299.03+1.12%
Avg HOA Dues$74.61$72.60-2.69%
Avg Lot Size (ac)3.483.44-1.15%
Avg Age (Yrs)28.2030.50+8.14%
Avg CDOM60.5561.03+0.79%
Avg Total SF1,6091,629+1.24%
Total # of Sales276315+14.13%
# of New Constr.34+33.33%
Avg Supply (Mos.)4.344.09-5.75%
# of REOs74-42.86%
# of Short Sales00
Note: The calculated average HOA dues is for units reporting HOA dues (27 sales for 2025). All other metrics use the full dataset (315 sales for 2025).
Single-Family Manufactured Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Key Observations From the Aggregate Data

  • Manufactured homes posted the strongest price gains of the four major housing segments, with both the average and median rising more than any other category in 2025. What makes this notable is that the segment didn’t rely on a shift toward larger homes or larger parcels; the underlying composition stayed remarkably stable, which means the appreciation reflects genuine demand strength rather than mix effects.
  • Sales activity expanded sharply, marking one of the largest year‑over‑year increases in the region. The rise in closed sales outpaced the modest changes in size, acreage, and days on market, signaling that more buyers were willing to engage with the segment even as inventory remained thin and the stock continued to age. This represented a return to form as 2023 had 310 sales and 2025 closed 5 additional sales.
  • County‑level performance was uneven but ultimately supportive of regional growth. Washington, Multnomah, and Hood River delivered clear price strength, each contributing meaningful upward pressure to the regional averages. Clackamas—by far the largest county by sales count—did not appreciate, but it held close to parity with 2024, providing the stability needed for the stronger counties to carry the region forward.
  • The segment’s physical profile barely changed, with total square footage and acreage holding near 2024 levels and the average home age increasing. In most years, an older stock profile would exert downward pressure on pricing; the fact that prices rose anyway reinforces that the appreciation was demand‑driven rather than structural.
  • Negotiation patterns and market pace remained steady, with only slight softening in sale‑to‑list ratios and days on market. Buyers were selective, but not disengaged; well‑prepared homes in desirable settings continued to attract firm pricing, while more remote or older properties required patience without signaling a broader slowdown.
  • Distressed activity stayed low, continuing a multi‑year trend of stability in the manufactured‑home segment. Even with an aging stock and a wide range of property conditions, bank‑owned and short‑sale activity remained minimal, underscoring the segment’s resilience.

Portland Region Scatter Plots

To visualize the distribution of individual manufactured homes sales prices across 2025, the following scatter plots show sales price against date of sale:

The 2025 sales‑price‑versus‑date scatter shows a remarkably steady rhythm for a segment as small and diverse as manufactured homes. Instead of the sharp seasonal swings that often appear in niche markets, the year unfolds as a consistent band of activity, with sales distributed evenly across all twelve months and no visible collapse in the early winter or late fall. The mid‑range of the market remains especially stable, forming a dense horizontal band that anchors the chart and reflects a year in which buyers and sellers were able to find agreement without dramatic shifts in pricing.

A subtle compression appears from late summer through the end of the year, with fewer low‑end outliers and a tighter clustering around the middle of the price distribution. This narrowing is not a sign of weakening; rather, it reflects a firmer pricing floor and a more consistent mix of properties entering the market in the second half of the year. The upper end of the market continues to register throughout this period, with several higher‑priced sales in the fall and early winter preventing the trendline from flattening and reinforcing the sense of a market that remained confident even as the year wound down.

Taken together, the scatter presents a picture of a segment that moved with calm, steady momentum. The absence of volatility, the persistence of a stable mid‑band, the tightening of the lower range, and the presence of late‑year upper‑band sales all point to a market supported by genuine demand rather than mix‑driven noise. The regional pattern is coherent and balanced, and the underlying county‑level dynamics that shaped this composite view become even clearer when examined individually in the latter sections.

To visualize three important variables at one, the following scatter plot shows sales price versus total square footage with each dot sized by acreage (lot size):

The 2025 size‑based scatter shows a manufactured‑home market that organized itself with unusual clarity. Across the full range of square footage, the points form a coherent upward pattern: larger homes generally commanded higher prices, and the relationship holds consistently enough that the trendline is visible even without drawing it. This is not always the case in the MFH segment, where condition, setting, and acreage can create wide vertical dispersion. In 2025, the market behaved with a steadiness that mirrors the tempo seen in the sales‑price‑vs‑date-of-sale scatter.

Acreage adds a second layer of structure. Larger parcels appear as noticeably larger bubbles, and they tend to sit above the main body of the scatter. This is the classic manufactured‑home dynamic: land can elevate a property well beyond what its square footage alone would suggest. But the acreage premium shows up in a controlled, predictable way. The largest bubbles cluster in the upper half of the chart, but they do not distort the overall shape. Instead, they reinforce the idea that land remains a meaningful value driver without overwhelming the distribution.

The middle of the market—roughly 1,200 to 1,800 square feet and $300K to $600K—forms a dense, stable band that anchors the entire chart. This is where most of the region’s manufactured‑home stock lives, and the consistency of this band supports the conclusion that 2025 was a balanced, demand‑supported year. There is no hollowing out, no thinning, and no sign of a collapsing floor. The lower band remains present across the full range of square footage, but it does not expand downward or show distress. Older homes, modest parcels, and properties needing work appear where expected, but they do not dominate the distribution.

One of the more interesting features of the scatter is the presence of larger parcels at lower price points. Several sizable bubbles sit below the main trendline, showing that an eagle‑eyed and patient buyer can still acquire meaningful acreage at a reasonable price—especially when the home is older, dated, or in need of repair. This is a uniquely manufactured‑home phenomenon and one of the few remaining pathways to acreage ownership at accessible price levels.

A closer look at the three largest‑SF outliers: Three points sit well to the right of the main cluster. Yes, there are three, one is on a small lot and is nearly invisible! These three sales are the largest homes in the dataset and each has a clear, logical explanation once examined:

  • A 42.62‑acre North Plains fixer (cash) sits far below the trendline because the home contributed little value and the buyer was effectively purchasing the land. Its position reflects a classic land‑first MFH transaction.
  • A 0.64‑acre Multnomah sale (FHA) is nearly invisible on the scatter plot. The home is 4,495 SF and was designed for high‑occupancy use, with seven bedrooms, three bathrooms, dual entrances, and a layout suitable for care‑facility, sober‑living, or multigenerational configurations. Despite its size, the home sits on just over half an acre and sold with FHA financing. Its position on the scatter reflects the market’s tendency to discount institutional or cash‑flow‑oriented layouts, which offer utility but do not command the same price premium as conventional single‑family square footage.
  • A 2.5‑acre cash sale falls between the other two. This home is 4,385‑SF and combines a 2004 manufactured home with a 2006 stick‑built addition, creating a dual‑living layout. The home sold for cash and includes a barn, shop, multiple utility rooms, and extensive outdoor improvements. Its position on the scatter reflects the market’s tendency to discount unconventional or hybrid layouts, even when the overall utility and acreage are significant.

Bottom-line Summary

Taken together, the aggregate tables and the two regional scatter plots point to a manufactured‑home market that moved with steady, internally consistent momentum throughout 2025. Sales volume was up and prices held firm across the full range of the segment, with a stable mid‑band anchoring the year and no evidence of a collapsing floor or late‑year volatility. The sales‑price‑versus‑date scatter shows a smooth seasonal rhythm with a mild tightening in the second half of the year, while the size‑and‑acreage scatter reveals a market that valued square footage and land in predictable ways, even as it produced the occasional outlier that is characteristic of this segment.

The overall picture is one of broad‑based stability: genuine demand, a coherent price structure, and a distribution shaped more by steady buyer behavior than by mix shifts or one‑off anomalies. The county‑level sections that follow show how each sub‑market contributed to this regional pattern, and why the composite view looks as orderly as it does. But before we examine the individual counties let’s consider a variety of graphs to illuminate the regional data.

Sales Volume

A treemap visualizing the distribution of manufactured homes sales by county in 2025 clearly illustrates the market’s geographic dispersion in this housing segment.

Manufactured‑home activity in 2025 followed a geographic pattern that is completely different from every other housing segment in the Portland region. In detached, attached, and condominium housing, the Big Three counties—Clackamas, Washington, and Multnomah—account for 90% to 99% of all sales. Manufactured homes break that rule entirely. The outlying counties carry a disproportionate share of the activity, and the market’s center of gravity shifts decisively away from the urban core.

Clackamas led the region with 128 sales, forming the largest block of activity and anchoring the year’s volume. But the next‑largest contributor was not Washington or Multnomah—it was Yamhill, with 69 sales. Columbia followed with 44, and only then do Washington (37) and Multnomah (22) appear. Hood River, with 15 sales, rounded out the region. This distribution is not an anomaly; it reflects the structural reality of the segment. Manufactured homes are more common in rural and semi‑rural settings, where larger parcels, lower land costs, and flexible siting options support a broader range of housing stock.

Year‑over‑year changes reinforce the same pattern:

Clackamas and Yamhill both posted meaningful increases in 2025, Hood River grew from a small base, Columbia softened slightly, and Washington and Multnomah held steady. The uneven movement across counties is another way this segment diverges from the rest of the housing market, where the Big Three typically move in near‑unison and dominate the regional totals.

Despite the differences in scale, no county experienced a collapse in activity, and the overall regional volume increased from the prior year. This stability in the volume distribution is one of the reasons the 2025 scatter plots appear so orderly: the market was active, balanced, and supported by steady buyer participation across all twelve months.

This volume structure sets the stage for the analyses that follow. The counties with the largest footprints shape the regional trendlines, while the smaller counties introduce the nuances, acreage dynamics, and outliers that give the manufactured‑home segment its distinctive character.

The following bar chart shows monthly sales volume for 2025:

The 2025 manufactured‑home market followed a classic seasonal pattern, with a slow winter start, a strong spring buildup, and a broad summer plateau that carried through early fall. January, February, and March posted modest activity, each in the mid‑teens to high‑teens, which is typical for this segment and reflects both weather constraints and the slower pace of rural and semi‑rural transactions. Activity accelerated sharply in April and peaked in May at 39 sales—the high point of the year and the moment when all counties were contributing meaningful volume.

The summer months held that momentum. June, July, August, September, and October all posted between 27 and 37 sales, forming a stable mid‑year band that kept the regional scatter plots well‑populated and prevented the kind of thin‑data volatility that can appear in smaller segments. This broad plateau is one of the reasons the 2025 price‑versus‑date scatter reads as smooth and orderly: the market had consistent participation across the warm months.

Volume tapered in November and December, returning to the high‑teens and low‑twenties. This decline mirrors the seasonal slowdown seen in detached and attached housing, but the manufactured‑home segment tends to soften a bit earlier and more noticeably because rural and acreage‑oriented transactions are more sensitive to weather, daylight, and site‑access conditions.

The line graph below compares monthly sales volume across the twelve months for 2024 and 2025.

The month‑by‑month comparison shows that 2025 was not just a stronger year in total volume—it was a more consistent and better‑balanced year across the calendar. Both years start in the mid‑teens, but the paths diverge quickly. In 2024, activity rose unevenly, with a strong March and June, a soft late summer, and a pronounced spike in October. By contrast, 2025 followed a smoother seasonal arc: a slow winter, a clear spring buildup, and a broad summer plateau that carried through early fall.

Several months illustrate this shift clearly. April and May 2025 were substantially stronger than the prior year, with May reaching 39 sales—nearly double the 2024 figure. August and September also outperformed their 2024 counterparts, reinforcing the sense of steady mid‑year demand. Even the late‑year slowdown behaved differently. While both years tapered in November and December, 2025 maintained higher activity, avoiding the sharp drop seen in December 2024.

Sales Price

The following bar chart shows average monthly sales price for 2025:

Note: The y-axis starts at $300,000 to allow better examination of monthly differences.

Average prices in 2025 followed a smooth, well‑behaved seasonal arc that reflects a stable, demand‑supported manufactured‑home market. The year opened softly at $396K in January, which is typical for this segment given winter weather, rural access constraints, and limited buyer activity. Prices rose sharply in February to $496K and settled into the mid‑$400Ks through March, establishing the early‑spring lift that carried into the main selling season.

From April through August, the market held a steady mid‑year plateau. Monthly averages ranged from the high‑$460Ks to just over $500K, with June and July tied for the year’s peak at $505K. This consistency mirrors the strong mid‑year sales volume and is one of the reasons the price‑versus‑date scatter appears so orderly. The market had enough activity—and enough diversity of properties—to produce a stable pricing band without the volatility that can appear in smaller or more rural datasets.

Prices eased gently in September and October, returning to the mid‑$400Ks, but the decline was modest and short‑lived. November held firm at $446K, and December closed the year strongly at $483K, reversing the fall softness and signaling that buyer willingness remained intact even as the seasonal slowdown set in.

The line graph below compares average monthly sales prices across the twelve months for 2024 and 2025.

The year‑over‑year comparison shows two very different pricing rhythms. 2024 moved with sharper swings, including a pronounced April spike and a steep December drop, while 2025 followed a smoother, more stable seasonal arc with a firm close to the year. The contrast between the two lines reinforces the broader theme of 2025 as a steadier, more demand‑supported market.

Several months illustrate the divergence clearly. January and February opened with a reversal of roles: 2024 began higher in January, but 2025 surged ahead in February with a jump to $496K. Through spring, the two years traded places—2024 peaked at $522K in April, while 2025 held a more moderate but consistent mid‑$400K to mid‑$500K range. By early summer, 2025 had clearly taken the lead, with June and July both landing just above $500K, compared to mid‑$400Ks in 2024.

The late‑summer and early‑fall months show the same pattern. August and September were tighter between the two years, but 2025 maintained a slight edge. October and November flipped again, with 2024 briefly rising above 2025, but the difference was modest and short‑lived. The most striking contrast appears in December: 2025 closed at $482,952, while 2024 fell to $394,887, its lowest point of the year. That strong finish in 2025 reinforces the stability seen in the scatter plots and confirms that the market ended the year with pricing confidence rather than seasonal weakness.

Across the full calendar, 2025 shows a smoother, more coherent price structure, with fewer abrupt shifts and a stronger mid‑year plateau. The 2024 line, by comparison, reflects a more volatile pattern shaped by mix, timing, and thinner winter volume.

Cumulative Days on Market

The bar chart below compares average cumulative days on market (CDOM) throughout 2025.

Cumulative Days on Market in 2025 followed a seasonal pattern that is typical for the manufactured‑home segment, but with enough mid‑year stability to reinforce the broader theme of a steady, demand‑supported market. January opened at 74 days—elevated but not unusual for winter, when rural access, weather, and buyer activity all slow. February spiked to 123 days, the highest point of the year, driven by a small number of older listings finally clearing. This kind of early‑year cleanup is common in this segment and does not indicate weakening demand.

From March through October, the market settled into a remarkably consistent mid‑year band. CDOM ranged from the mid‑40s to mid‑60s, with March at 45 days, April at 50, and May at 46. Even as volume increased in the spring and summer, marketing times remained stable, suggesting that buyers were active and well‑matched to available inventory. The summer months—June through August—held between 55 and 63 days, and September and October stayed in the mid‑50s to mid‑60s. This eight‑month stretch of steady CDOM is one of the clearest indicators that the 2025 market was functioning smoothly.

The bar chart below compares cumulative days on market for 2024 and 2025.

The year‑over‑year comparison shows that while the shape of CDOM changed noticeably between 2024 and 2025, the overall level barely moved. The annual averages were 60.55 days in 2024 and 61.03 days in 2025—a difference of less than half a day. In a small segment like manufactured homes, this is exactly what you expect: the monthly pattern can shift dramatically depending on which slow listings clear when, but the underlying market tempo remains stable.

The month‑to‑month behavior is where the two years diverge. Early 2025 opened with elevated winter CDOM—74 days in January and 123 in February—driven by a handful of older listings finally closing out. In contrast, 2024 began unusually low before rising into the 80–90‑day range. Spring flipped the pattern again: 2025 settled quickly into the mid‑40s to mid‑50s, while 2024 spiked to 97 days in April. Summer showed the same contrast, with 2025 holding steady in the mid‑50s to low‑60s and 2024 swinging from the low‑30s in June and July to 104 days in August.

Despite these very different seasonal shapes, both years ultimately lived in the same CDOM neighborhood. Neither year shows evidence of systemic softening, prolonged marketing times, or inventory backing up. Even the late‑year divergence—2024 ending at 100 days versus 84 in 2025—reflects timing and mix rather than a structural shift in demand. Manufactured‑home markets often show sharper winter variability due to rural access, weather, and financing logistics, and both years behaved within that normal envelope.

The key takeaway is that 2025 wasn’t meaningfully “faster” or “slower” than 2024. It was simply smoother. The mid‑year band in 2025 was more stable, the volatility was lower, and the seasonal rhythm was more predictable. The nearly identical annual averages underscore that the manufactured‑home market maintained a consistent, balanced tempo across both years.

Housing Supply

Months of supply (MOS) represents the number of months it would take to absorb current active inventory at the prevailing sales pace, assuming no new listings enter the market. The following bar chart shows MOS by calendar month for 2025:

Months of Housing Supply in 2025 moved through a clean, seasonal arc that mirrors the stability seen in pricing, volume, and CDOM. The year opened with elevated winter supply—4.88 months in January and 6.00 months in February—a normal pattern for manufactured homes, where rural access, weather, and slower buyer activity tend to stretch inventory relative to sales. From there, supply tightened quickly as spring demand arrived. March dropped to 5.39 months, and April fell sharply to 3.34 months, setting up the strongest stretch of the year.

The core of the market—May through October—held a remarkably stable band between roughly 2.8 and 4.1 months. May posted the year’s low at 2.82 months, reflecting strong absorption and a well‑matched buyer pool. June and July rose modestly into the 3.9–4.1 range, and August through October settled into a tight cluster between 3.09 and 3.27 months. This six‑month plateau is one of the clearest indicators that the 2025 manufactured‑home market was balanced and functioning smoothly. Supply was neither constrained nor excessive; it simply tracked demand in a predictable, orderly way.

The late‑year rise—4.38 months in November and 4.67 months in December—is exactly what you expect in this segment. Manufactured homes often see sharper winter slowdowns due to siting logistics, inspections, and financing timelines, and 2025 behaved squarely within that normal envelope. Importantly, even the year‑end levels remained moderate. There was no sign of inventory backing up or buyers stepping away.

The line graph below compares months of supply for 2024 (blue line) and 2025 (red line), with a full y-axis scale to show true proportional differences:

The year‑over‑year comparison shows that while the month‑to‑month pattern of housing supply shifted noticeably between 2024 and 2025, the overall level of inventory remained almost identical. The annual averages were 4.34 months in 2024 and 4.09 months in 2025, a difference of just a quarter of a month. In a small segment like manufactured homes—where a handful of listings can swing a single month—this near‑match in annual supply is expected. What changed was the seasonal shape, not the underlying balance between listings and sales.

The two years diverged early. January and February 2025 opened with 4.88 and 6.00 months of supply, while 2024 began slightly lower at 5.06 and 4.94. By March, the pattern flipped: 2025 eased to 5.39 months, while 2024 tightened sharply to 3.35. Spring continued the alternating rhythm. April and May 2025 dropped to 3.34 and 2.82 months, reflecting strong absorption, while 2024 rose to 4.33 and 4.62. Summer followed the same back‑and‑forth dynamic. June and July 2025 held at 3.90 and 4.11 months, compared to 2.85 and 3.20 in 2024, before August reversed the relationship again with 3.22 months in 2025 versus 4.61 in 2024. Through early fall, 2025 held a tight, stable band between 3.09 and 3.27 months, while 2024 ranged from 3.62 down to 2.45.

The most dramatic difference appears in December. Supply spiked to 8.30 months in 2024, the highest point across both years, while December 2025 closed at 4.67 months, elevated but still within a normal seasonal range. This single month accounts for much of the visual gap between the two lines and reflects timing and mix rather than a structural imbalance.

Despite the month‑to‑month volatility, both years lived in the same overall supply environment. Neither shows evidence of inventory backing up or buyers stepping away. The mid‑year plateau in 2025—roughly three to four months of supply from May through October—reinforces the broader theme of a balanced, well‑functioning market. The 2024 line, by contrast, is more jagged, shaped by thinner volume and a few months where slower listings accumulated. The nearly identical annual averages—4.34 vs. 4.09 months—underscore that the manufactured‑home market maintained a consistent, stable supply profile across both years, even as the monthly curves took different paths.

Histograms

Histograms offer a unique and powerful perspective on the manufactured homes market that traditional summary statistics and bar charts cannot fully capture: they reveal the underlying shape, spread, and clustering of the data, exposing patterns, skewness, tails, and bifurcations that averages and medians alone obscure.

The following histogram shows the distribution of sales price as a percentage of original list price in 2025:

The distribution of sale‑to‑list ratios in 2025 shows a market that centered tightly around full price, with most transactions occurring in a narrow band and only light activity at the extremes. The single largest bin—97.5% to 99.9%—contains 82 sales (26.03%), and the surrounding bins at 95.0%–97.4%, 100.0%–102.4%, and 102.5%–104.9% add another substantial block of activity. Once aggregated, the full 95% to <105% band contains 192 sales, representing 60.95% of all transactions. This is the clearest signal in the dataset: the manufactured‑home market in 2025 rewarded accurate pricing with highly predictable outcomes, and most homes sold within just a few percentage points of their original list price.

Below‑list activity was present but modest. All bins under 90% of list total 60 sales (19.05%), spread thinly across many small ranges. No single low‑ratio bin dominates, and the counts taper quickly as ratios fall. These cases likely reflect idiosyncratic situations—condition issues, location constraints, or listings that began overpriced and required significant repositioning—rather than a structural pattern of deep discounting.

The upper tail behaves similarly. At 105% or above, the combined bins total 23 sales (7.3%), with each individual range containing only a handful of transactions. These are the occasional competitive situations where buyers stretched above list—clean acreage, desirable settings, or well‑prepared homes—but they remain the exception rather than the rule.

Taken together, the histogram shows a market with a very stable pricing center and only light activity at the extremes. The dominant pattern is straightforward: nearly two‑thirds of all manufactured‑home sales closed within 5% of the original list price, and the remaining third is split between modest under‑list adjustments and a small number of above‑list outcomes. The distribution reinforces the broader theme of the 2025 manufactured‑home market—steady demand, accurate pricing, and predictable negotiation dynamics.

The following histogram shows the distribution of sales prices of manufactured homes in 2025:

The 2025 sales‑price histogram shows a market with a clear middle, a long but orderly tail, and no distortive spikes—exactly what you want to see in a manufactured‑home dataset of this size. The distribution builds gradually from the low end, peaks cleanly in the mid‑price ranges, and then tapers in a predictable pattern as prices rise.

The lower bins are thin, with 5 sales (1.59%) in the $100K–$149K range and 6 sales (1.90%) in the $150K–$199K range. Activity begins to take shape in the $200K–$249K and $250K–$299K bins, which together account for 29 sales (9.21%). But the market doesn’t truly concentrate until the $300Ks and $400Ks, where the core of the distribution sits. The $300K–$349K bin contains 29 sales (9.21%), and the $350K–$399K and $400K–$449K bins contain 49 (15.56%) and 48 (15.24%) sales respectively. These two adjacent bins form the single largest block in the histogram, representing more than 30% of all 2025 manufactured‑home sales. This is the pricing center of gravity for the year.

Above that, the distribution steps down gradually. The $450K–$499K bin holds 29 sales (9.21%), and the $500K–$549K and $550K–$599K bins add another 24 (7.62%) and 20 (6.35%) sales. The $600K–$649K bin rises again to 29 sales (9.21%), reflecting the presence of higher‑quality acreage properties that routinely trade in this range. Beyond $650K, the counts taper as expected: 16 sales (5.08%) in the $650K–$699K range, 10 (3.17%) each in the $700K–$749K and $750K–$799K bins, and then small, isolated counts in the $800Ks and $900Ks. The upper tail ends with 3 sales (0.95%) at or above $950K.

The overall shape is exactly what a healthy manufactured‑home market should look like: a strong, well‑defined middle; a gradual taper on both sides; and no evidence of clustering at distressed price points or runaway concentration at the high end.

The following histogram shows the distribution of age for manufactured homes in 2025:

The age distribution for 2025 manufactured‑home sales forms a broad mid‑life plateau centered on homes built roughly 27–32 years ago. The 27–29 year bin accounts for 17.14% of all sales, and the 30–32 year bin adds another 18.73%, placing more than a third of the year’s activity in this single five‑year span. The average age of 30.50 years sits directly within this peak, reflecting the era when a large share of the region’s manufactured stock was built.

Surrounding this core, the bins from 24–47 years make up 73.02% of all 2025 sales, underscoring how strongly the market is anchored in this construction era. Even when the 27–32 year peak is removed, the remaining bins in that same 24–47 year window still represent 37.14% of the dataset, showing that the “shoulders” of the distribution are almost as large as the rest of the histogram combined. This structure reflects the region’s development history: a substantial wave of manufactured‑home construction in the late 1980s and early 1990s, followed by steadier, thinner additions in later decades.

The younger end of the distribution is modest, with only small counts in the 0–2, 3–5, and 6–8 year bins. This reflects the limited pipeline of new or recent construction manufactured homes entering the resale market each year. The older tail behaves similarly, tapering gradually through the 36–53 year bins and ending with just four sales each in the 54–56 and 57+ year ranges. Both tails are present but light, reinforcing that the market is driven primarily by mid‑life homes with predictable turnover and stable buyer demand.

The following histogram shows the distribution of total square footage for manufactured homes in 2025:

The 2025 square‑footage distribution is anchored firmly in the mid‑size ranges, and the average of 1,629 square feet for 2025 sits directly within the broad plateau that defines the market. The single largest bin is 1,500–1,649 SF, representing 16.51% of all sales, and it is surrounded by similarly strong activity in the 1,200–1,349 SF (13.65%), 1,350–1,499 SF (12.70%), and 1,650–1,799 SF (13.97%) ranges. When combined with the 1,800–1,949 SF bin (9.84%), this mid‑range cluster forms a dominant block: the 1,050–1,949 SF span accounts for 242 sales, or 76.83% of the entire market. This is the structural center of the manufactured‑home segment in 2025.

Below this core, smaller homes taper in gradually. Units under 1,050 SF total 21 sales (6.67%), with modest representation in the 750–899 SF and 900–1,049 SF bins and only isolated activity below 750 square feet. Very small units under 600 square feet are nearly absent, reflecting the limited presence of tiny or cottage‑style manufactured homes in the resale market.

Above the mid‑range plateau, the distribution steps down in a predictable pattern. The 1,950–2,399 SF bins show steady but modest activity, and the upper tail continues through the 2,400–2,699 SF ranges before tapering to the 2,700–2,849 SF and 2,850+ SF bins. Larger homes remain a small share of the market, but they appear consistently enough to form a recognizable tail rather than isolated outliers.

The following histogram shows the distribution of lot size for manufactured homes in 2025:

The 2025 lot‑size distribution shows a market split between small parcels and acreage properties, with a long upper tail that reflects the rural and semi‑rural settings common in this segment. The average lot size of 3.44 acres for 2025 sits well above the median bins, pulled upward by a relatively small number of large‑acreage properties.

The most common range by far is 0.000–0.499 acres, representing 41.90% of all sales. These are smaller‑scale parcels where the home itself drives most of the value. The next several bins—0.500–0.999 acres (9.52%), 1.000–1.499 acres (6.35%), and 1.500–1.999 acres (3.49%)—add another block of modest‑sized lots, placing the majority of 2025 sales on parcels under two acres.

Beyond that point, the distribution transitions into a broad acreage band. The 2.000–2.499 and 2.500–2.999 acre bins account for 5.40% and 6.03% of sales, and the 3.000–3.999 acre ranges add smaller but steady counts. These mid‑acreage parcels reflect the region’s rural inventory—properties with more land utility, outbuildings, or agricultural potential.

The upper tail is long and structurally important. Individual bins from 4.000–4.499 acres through 9.000–9.499 acres each contain only a handful of sales, but the final bin—≥ 9.500 acres, with 31 sales (9.84%)—is large for a specific reason. It is not a natural cluster at 9.5 acres; it is the catch‑all category for the entire long tail of acreage parcels, including properties extending far beyond the histogram’s visible range. Because the chart is limited to 20 bins, all parcels larger than 9.5 acres are compressed into this single bucket, which explains its size and why the average lot size reaches 3.44 acres even though most homes sell on small lots.

The overall shape is a classic manufactured‑home pattern: a dense small‑lot core, a broad mid‑acreage band, and a long, open‑ended tail where large rural parcels trade in small but meaningful numbers. This structure aligns with the pricing, age, and square‑footage distributions already documented, reinforcing the diversity of settings in which manufactured homes operate across the region.

The following histogram shows the distribution of cumulative days on market for manufactured homes in 2026:

The CDOM distribution for 2025 shows a market with a strong, fast‑moving core and a structurally long tail, and the average of 61.03 days for 2025 sits right at the hinge point between those two regimes. The first two bins—0–4 days (14.92%) and 5–9 days (18.73%)—together account for one‑third of all sales, reflecting listings that were priced correctly and absorbed quickly. The next several bins through roughly 30 days add another steady block of activity, with 10–14 days (6.03%), 15–19 days (5.08%), 20–24 days (3.81%), and 25–29 days (2.22%) forming a smooth taper. This early portion of the histogram captures the bulk of the market’s normal turnover (50.79%).

From 30 to about 60 days, the distribution remains relatively stable and evenly populated. Bins such as 35–39 days (4.13%), 40–44 days (2.86%), 45–49 days (4.44%), and 50–54 days (4.44%) show that mid‑range marketing times were common and not indicative of distress. These ranges represent listings that required modest repositioning or simply needed more exposure time, but still behaved predictably within the broader flow of the market.

The upper tail begins around 60 days and extends outward in small but persistent increments. Individual bins from 60–64 days (1.59%) through 90–94 days (1.59%) each contain only a handful of sales, but they form a continuous sequence of slower‑moving listings. The final bin—≥ 95 days, with 59 sales (18.73%)—is large for a structural reason. It is not a natural cluster at 95–100 days; it is the catch‑all category for the entire long tail, which in 2025 extended all the way to a maximum of 712 cumulative days on market. Because the histogram is limited to 20 bins, every listing beyond 95 days is compressed into this single bucket, which explains its size and why the average CDOM reaches 61.03 days even though most sales occur well below that threshold (the median is 27 days).

The overall shape is consistent with a healthy manufactured‑home market: a fast‑moving core, a stable mid‑range, and a long but thin tail of slower‑moving listings that reflect unique property characteristics, pricing adjustments, or atypical circumstances.

Miscellaneous Statistics & Standout Transactions

Here are some of the most notable outliers and extremes from the 2025 Portland Region attached homes market—numbers that illustrate the full range of the data and the extremes buyers and appraisers encounter.

Lowest Sales Price: $115,000—1-bedroom, 1.0-bathroom unit. This manufactured home in Vernonia (Columbia County) predates the current HUD codes and is a compact unit offering a distinct bedroom and living space on a 0.10-acre lot. This unit offers home and land ownership at an affordable price point. Photos of this property are currently available online.

Highest Sales Price: $1,100,000—Two manufactured homes in Canby, Oregon (Clackamas County). This sale involved two homes on one 10.03-acre lot. One home is 1,497 sq. ft. and the other is 1,671 sq. ft. The property has a number of outbuildings and the site offers a lot of flexibility for the owner. Photos of this property are currently available online.

Longest CDOM: 712 days—3-bedroom, 2.0-bathroom home in Mulino, Oregon (Clackamas County). This 1,820-sq. ft. property sold as a heavy fixer, which accounts for why it took so long to close. The unit is situated on 8.27 acres. The land likely represented a significant portion of the value. Photos of this property are currently available online.

Smallest Manufactured Home: 500 SF—1-bedroom, 1.0-bathroom unit. This is the same home as the lowest-priced sale. This property took the crown in two categories!

Largest Manufactured Home: 4,800 SF—3-bedroom, 2.0-bathroom unit in North Plains, Oregon (Washington County). This property is a triple-wide behemoth with solar panels! It is located on a 42.62-acre site and most of the lot is used for merchantable timber. Exterior photos of this property are currently available online.

Largest Lot: 53.39 acres—3-bedroom, 2.0-bathroom unit in Clatskanie, Oregon (Columbia County). This 2,209-sq. ft. home sold as a fixer. The site has several outbuildings and 40 acres of timber. The site is mostly gentle slope, making for a very usable plat. Photos of this property are currently available online.

With the regional aggregate trends, graphs, monthly patterns, histogram analysis, and notable outliers covered, the remainder of this update turns to a county-level breakdown. The following sections present year-over-year comparisons for each of the six counties in the Portland Region—Multnomah, Washington, Clackamas, Yamhill, Columbia, and Hood River. Each county snapshot includes key metrics, commentary on local drivers, and any segment-specific observations that help explain broader regional patterns.

Multnomah County 2025 Stats

Multnomah County represented 6.98% of the total 2025 manufactured home market.

The table below summarizes key metrics for Multnomah County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$9.07 Million$10.27 Million+13.23%
Average Price$412,132$466,676+13.23%
Median Price$390,500$404,000+3.46%
Avg SP/OLP98.09%95.09%-3.05%
Avg PPSF (TSF)$256.83$332.86+29.60%
Avg Lot Size (ac)1.582.94+85.53%
Avg Age (Yrs)28.5031.41+10.21%
Avg CDOM66.0570.50+6.74%
Avg Total SF1,6351,540-5.84%
Total # of Sales22220.00%
# of New Constr.00
# of REOs10-100.00%
# of Short Sales00

Multnomah County continues to play a marginal role in the Portland Region’s manufactured housing market on owned land, with exactly 22 sales in 2025—unchanged from 2024. This persistent low volume reflects the county’s urban character: scarce acreage parcels, zoning restrictions, and competition from higher-density or site-built uses limit opportunities for affixed manufactured homes.

Despite flat transaction count, dollar volume increased 13.23% to $10.27 million, driven by a corresponding 13.23% rise in average price to $466,676 (median up 3.46% to $404,000). Notably, average home size declined slightly, while average lot size nearly doubled (+85.53% to 2.94 acres). The shift toward larger parcels—concentrated in outer rural pockets—lifted total values and contributed to a sharp 29.60% increase in average PPSF, even as the improvements themselves remained modest. Market time lengthened modestly (average CDOM +6.74%), and sales-to-list ratios fell to 95.09% (-3.05%), consistent with the negotiation dynamics typical of acreage properties.

No new construction or distressed sales occurred in 2025, keeping the segment clean and conventional. In this county dominated by the Portland urban core, manufactured homes on owned land most often function as an interim or affordability solution on remaining larger parcels.

The following is a scatter plot of all Multnomah County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Multnomah County reveals a noticeable downward pattern across 2025. This is likely due to a compositional shift in lot size as the year progressed. The larger lots supported elevated prices early on, followed by a general shift toward smaller parcels later in the year—contributing to overall price stability with a downward tilt despite the modest YoY gains in averages.

Washington County 2025 Stats

Washington County represented 11.75% of the total 2025 manufactured home market.

The table below summarizes key metrics for Washington County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$18.05 Million$19.59 Million+8.54%
Average Price$474,884$529,362+11.47%
Median Price$422,500$485,000+14.79%
Avg SP/OLP97.11%96.69%-0.43%
Avg PPSF (TSF)$329.95$317.46-3.79%
Avg Lot Size (ac)2.524.38+73.55%
Avg Age (Yrs)26.9233.22+23.38%
Avg CDOM56.0354.11-3.42%
Avg Total SF1,4961,778+18.87%
Total # of Sales3837-2.63%
# of New Constr.00
# of REOs00
# of Short Sales00

Washington County ranks as a solid mid-tier contributor to the Portland Region manufactured housing market on owned land, with 37 sales in 2025—down slightly from 38 in 2024 (see the county summary table above). This modest decline in volume still places Washington among the more active counties for affixed manufactured homes, reflecting its mix of suburban and rural pockets where acreage remains somewhat available compared to urban Multnomah.

Dollar volume increased 8.54% to $19.59 million, supported by stronger per-unit pricing: average price rose 11.47% to $529,362, and median price climbed 14.79% to $485,000. The price gains were driven primarily by larger and newer inventory—average lot size jumped 73.55% to 4.38 acres, and average home size grew 18.87% to 1,778 SF—while average PPSF eased slightly (-3.79% to $317.46), a reminder that total value in this segment is heavily influenced by land contribution rather than improvement size alone. Homes also aged noticeably (average +23.38% to 33.22 years), consistent with limited new production. Market absorption improved modestly (average cumulative DOM -3.42% to 54.11 days), and sales-to-list ratios remained stable at 96.69% (-0.43%), typical for acreage properties.

The following is a scatter plot of all Washington County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Washington County shows consistent activity throughout 2025, with prices spanning roughly $300,000 to over $1,000,000 and no strong seasonal or directional trend. A couple of higher-end sales ($800K+ range) appear in late summer/early fall, while mid-range sales ($400K–$700K) dominate the bulk of transactions. This even distribution aligns with the county’s balanced pricing gains despite the slight drop in unit count.

No new construction or distressed sales occurred in 2025, keeping the segment entirely resale. Washington County’s manufactured home market benefits from its position between urban constraints and rural acreage opportunities, allowing larger parcels to support elevated values in a segment where land often outweighs the home itself in the valuation equation.

Clackamas County 2025 Stats

Clackamas County represented 40.63% of the total 2025 manufactured home market.

The table below summarizes key metrics for Clackamas County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$49.8 Million$64.10 Million+28.70%
Average Price$508,188$500,743-1.47%
Median Price$491,601$450,000-8.46%
Avg SP/OLP96.47%96.43%-0.04%
Avg PPSF (TSF)$314.19$311.37-0.90%
Avg Lot Size (ac)4.043.13-22.59%
Avg Age (Yrs)27.3528.73+5.04%
Avg CDOM51.4857.95+12.56%
Avg Total SF1,6631,676+0.78%
Total # of Sales98128+30.61%
# of New Constr.23+50.00%
# of REOs12+100.00%
# of Short Sales00

Clackamas County dominates the Portland Region manufactured housing market on owned land, accounting for 128 sales in 2025 and $64.10 million in volume (43.20%). Sales count surged 30.61% from 98 in 2024, driving a 28.70% increase in dollar volume and cementing Clackamas as the clear leader in this segment.

Despite the robust volume growth, per-unit pricing softened modestly: average price fell 1.47% to $500,743, and median price declined 8.46% to $450,000. Average PPSF remained nearly flat (-0.90% to $311.37), while average lot size decreased 22.59% to 3.13 acres. The smaller average parcels likely contributed to the price softening by reducing land contribution, even as home size stayed stable (+0.78% to 1,676 SF) and age increased slightly (+5.04% to 28.73 years). Market time lengthened (average cumulative DOM +12.56% to 57.95 days), and sales-to-list ratios held steady at 96.43% (-0.04%). New construction remained minimal (3 units), and distressed activity was limited to 2 REOs.

Clackamas County’s average price hewed closely to 2024 levels, remaining essentially neutral in the dataset. With the county representing over 40% of regional sales volume, its stability anchored the market and allowed stronger price gains in smaller-volume counties to modestly lift the regional average.

The following is a scatter plot of all Clackamas County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Clackamas County shows consistent activity throughout 2025, with prices ranging from approximately $200,000 to over $1,100,000 and a subtle upward tilt in the latter half of the year. Higher-value sales (more points in the $600,000–$900,000+ range) become more prevalent from mid-year onward, reflecting a gradual increase in home size closing later in the period. This pattern helps offset some of the modest per-unit price softening seen in the annual averages.

Clackamas County’s leadership in manufactured home sales stems from its relative abundance of rural and semi-rural parcels compared to more urban counties. It represents the engine of the region’s manufactured homes market.

Yamhill County 2025 Stats

Yamhill County represented 21.90% of the total 2025 manufactured home market.

The table below summarizes key metrics for Yamhill County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$25.43 Million$29.35 Million+15.45%
Average Price$454,037$425,431-6.30%
Median Price$407,500$410,000+0.61%
Avg SP/OLP96.33%97.60%+1.32%
Avg PPSF (TSF)$288.51$270.53-6.23%
Avg Lot Size (ac)3.132.99-4.34%
Avg Age (Yrs)29.7531.80+6.88%
Avg CDOM54.3850.88-6.42%
Avg Total SF1,6041,579-1.55%
Total # of Sales5669+23.21%
# of New Constr.00
# of REOs21-50.00%
# of Short Sales00

Yamhill County ranks as the second-most active market for manufactured homes on owned land in the Portland Region, with 69 sales in 2025—up 23.21% from 56 in 2024—and $29.35 million in volume (+15.45%). This solid rebound in transaction activity underscores the county’s appeal for rural and semi-rural acreage buyers, where manufactured homes remain a viable affordability option.

Despite the volume strength, per-unit pricing softened: average price declined 6.30% to $425,431, while the median held nearly flat (+0.61% to $410,000). Average PPSF fell 6.23% to $270.53, reflecting slightly smaller homes (-1.55% to 1,579 SF) and marginally reduced lot size (-4.34% to 2.99 acres), combined with an older inventory base (+6.88% to 31.80 years). Absorption improved noticeably (average cumulative DOM -6.42% to 50.88 days—the fastest among the six counties), and sales-to-list ratios edged higher to 97.60% (+1.32%), suggesting relatively efficient pricing negotiations for acreage properties.

No new construction occurred, and distressed activity was minimal (one REO). Yamhill County’s manufactured home market benefits from its rural character and relative availability of acreage compared to more urban counties, though land contribution remains the primary valuation driver.

The following is a scatter plot of all Yamhill County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Yamhill County illustrates consistent activity throughout 2025, with prices ranging from approximately $100,000 to nearly $900,000 and the bulk clustering between $300,000 and $600,000. Higher-value sales appear scattered across the year without a dominant trend, reflecting the county’s mix of rural larger-lot parcels (supporting occasional $600K+ closings) and more modest suburban or small-lot transactions that drive much of the volume. The even monthly distribution aligns with the strong unit growth and quicker market time.

Columbia County 2025 Stats

Columbia County represented 13.97% of the total 2025 manufactured home market.

The table below summarizes key metrics for Columbia County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$20.98 Million$16.94 Million-19.27%
Average Price$395,896$384,984-2.76%
Median Price$373,500$375,000+0.40%
Avg SP/OLP96.83%93.90%-3.03%
Avg PPSF (TSF)$256.28$262.81+2.55%
Avg Lot Size (ac)4.665.20+11.70%
Avg Age (Yrs)29.0432.23+10.98%
Avg CDOM89.1981.73-8.37%
Avg Total SF1,5811,484-6.09%
Total # of Sales5344-16.98%
# of New Constr.110.00%
# of REOs31-66.67%
# of Short Sales00

Columbia County represents a distinctly rural segment of the Portland Region manufactured housing market on owned land, with 44 sales in 2025—down 16.98% from 53 in 2024—and $16.94 million in volume (-19.27%). This volume contraction reflects the county’s remote location and limited buyer pool.

Per-unit pricing showed mild softening: average price declined 2.76% to $384,984, while the median remained essentially flat (+0.40% to $375,000). Average PPSF edged up modestly (+2.55% to $262.81), supported by larger average lot size (+11.70% to 5.20 acres—the highest among the six counties) despite smaller homes (-6.09% to 1,484 SF) and an older inventory (+10.98% to 32.23 years). Market time improved (-8.37% to 81.73 cumulative DOM), though Columbia retained the longest average days on market among the counties. Sales-to-list ratios fell to 93.90% (-3.03%), indicating greater negotiation room typical of more isolated acreage properties. New construction was negligible (1 unit), and distressed activity reduced to one REO.

The following is a scatter plot of all Columbia County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Columbia County illustrates steady but sparse activity throughout 2025, with prices ranging from $115,000 to $725,000 and the majority clustering between $300,000 and $600,000. Higher-value sales appear scattered across the year without a clear trend, reflecting the county’s rural character and large-lot dominance, while lower-end transactions (some on small parcels) contribute to the lower tail. The even monthly distribution aligns with the improved absorption despite the overall volume decline.

Hood River County 2025 Stats

Hood River County represented 4.76% of the total 2025 manufactured home market.

The table below summarizes key metrics for Hood River County manufactured single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$4.30 Million$8.13 Million+88.92%
Average Price$477,994$541,809+13.35%
Median Price$499,000$560,000+12.22%
Avg SP/OLP95.20%93.56%-1.72%
Avg PPSF (TSF)$321.86$335.87+4.35%
Avg Lot Size (ac)1.221.35+10.58%
Avg Age (Yrs)27.5626.47-3.95%
Avg CDOM34.7876.47+119.87%
Avg Total SF1,6391,650+0.68%
Total # of Sales915+66.67%
# of New Constr.00
# of REOs00
# of Short Sales00

Hood River County represents the smallest but most premium segment of the Portland Region manufactured housing market on owned land, with 15 sales in 2025—up 66.67% from 9 in 2024—and $8.13 million in volume (+88.92%). Despite the low absolute numbers, this rebound reflects renewed interest in the area’s scenic appeal and limited supply of suitable parcels.

Per-unit pricing advanced solidly: average price increased 13.35% to $541,809, and median price rose 12.22% to $560,000—the highest county medians in the region. Average PPSF climbed 4.35% to $335.87 (also the highest), supported by slightly larger lots (+10.58% to 1.35 acres—the smallest average acreage) and stable home size (+0.68% to 1,650 SF). Homes were marginally younger (-3.95% to 26.47 years—the youngest average age), suggesting a mix that included relatively recent builds. Market time extended significantly (+119.87% to 76.47 cumulative DOM), likely due to the county’s remote location and selective buyer pool, while sales-to-list ratios dipped to 93.56% (-1.72%), indicating greater negotiation room on premium properties. No new construction or distressed sales occurred.

Hood River County’s manufactured home market benefits from its unique location in the Columbia River Gorge, where demand for views, recreation, and limited supply drives premium per-unit values despite smaller average lots and extended market time.

The following is a scatter plot of all Hood River County sales in 2025 (sales price vs. date of sale):

The Sales Price vs. Date of Sale scatter for Hood River County shows sparse but steady activity throughout 2025, with prices ranging from $295,000 to $750,000 and the majority clustering between $500,000 and $700,000. Higher-value sales appear scattered across the year without a dominant trend, consistent with the county’s limited inventory and scenic/river-proximity premiums that support elevated pricing even on smaller parcels.

Closing Thoughts

2025 proved to be a year of quiet resilience and uneven recovery for manufactured homes on owned land in the Portland Region. Transaction volume rebounded strongly to 315 sales—essentially returning to 2023 levels after the softer 2024—and total dollar volume rose 16.25% to $148.4 million; putting nearly $21 million more dollars in sellers’ hands. Per-unit pricing held firm with modest gains and PPSF edged up, even as inventory continued to age and new construction remained negligible (just 4 units region-wide).

The year highlighted the segment’s rural character: Clackamas, Yamhill, and Columbia together accounted for ~74% of dollar volume and ~77% of sales, driven by acreage availability that buffered value despite macro pressures. Land contribution remained the dominant valuation driver across counties—diluting PPSF in larger-parcel sales while supporting total prices, especially in premium locations like Hood River (highest avg/median prices and PPSF) and rural pockets in Washington and Columbia (largest average lots). Heterogeneity persisted, with small-sample volatility in lower-volume counties (Multnomah, Hood River) and longer market times in remote areas, yet quicker absorption in Yamhill and Washington.

Distress stayed minimal (4 REOs, zero short sales), and the segment earned its place as the second-most affordable housing type per the Portland Appraisal Blog Affordability Index (PABAI 111.67), trailing only condominiums.

Manufactured homes on owned land continue to serve as a practical affordability pathway and, in many cases, an interim use on rural parcels where site-built homes are viewed as the highest and best use. There were 1,199 acreage site-built sales in 2025; when combined with the 153 manufactured homes on at least 1 acre of land, that yields 1,352 total acreage sales. Manufactured homes thus comprised 11.32% of the acreage market—almost eight times their approximate share of overall regional housing sales volume.

Looking to 2026, key questions include whether sustained rate relief and rural demand will sustain or accelerate volume, whether limited new production will further age the inventory, and how evolving land-use policies might affect acreage availability in outer counties. The niche’s resilience through 2025 suggests it will remain an important, if specialized, component of regional housing options.

What trends do you expect to see in 2026? I’d love to hear your thoughts—feel free to reply here or reach out directly.

Sources & Further Reading

All data presented in this annual review is sourced directly from RMLS and has been subjected to our rigorous cleaning and validation process to ensure reliability for manufactured residential analysis in the six-county Portland Region. The trends, comparisons, and commentary are the result of original appraisal expertise and independent analysis—not aggregated from secondary sources or news summaries.

Coda

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The 2025 Portland Region Attached Homes Market in Review

The 2025 Portland Region attached homes market saw median prices down 1.13% to $435k and CDOM up 14.13% to 68.4 days. New construction surged nearly 26%. The region recorded 1,646 sales, with Washington County accounting for 53.65% of activity. Regional overview, county trends, analytical insights, and more.

The Portland White Stag sign during the golden hour.
The White Stag Sign in late afternoon.
Photo: Abdur Abdul-Malik, Portland Appraisal Blog (CC BY-SA 4.0)

The 2025 Portland Region attached homes market entered the year on solid footing, supported by steady demand, a consistent flow of new construction, and a segment that has largely settled into its post-rate-shock rhythm. After several years of adjustment to higher borrowing costs, attached homes now behave in a more predictable way: functional, resilient, and shaped as much by deliberate buyer selectivity as by broader economic conditions.

This segment occupies a distinctive middle ground in the region’s housing landscape. Fee-simple ownership of both the dwelling and underlying land provides a measure of autonomy and equity-building potential similar to detached homes, while the high prevalence of mandatory HOA dues introduces condominium-like shared responsibilities and carrying-cost considerations. This hybrid nature influences buyer decision-making, particularly when association fees, maintenance obligations, or restrictions factor into total ownership affordability.

New construction remained a key stabilizing force, infusing the market with modern townhomes and rowhouses that appealed to buyers seeking updated features and efficiency in suburban and edge-urban locations. At the same time, resale inventory reflected greater heterogeneity—from older rowhouses to newer planned-unit developments—requiring careful attention to comparable selection and valuation adjustments.

Buyers exercised greater selectivity, prioritizing pricing alignment, condition, location, and overall carrying costs. This manifested in extended marketing times for some properties and a subtle shift toward more balanced conditions, though the market avoided the sharper softening observed in the condominium segment. Affordability for attached homes held near equilibrium, with the Portland Appraisal Blog Affordability Index (PABAI) indicating that typical household income was nearly sufficient to qualify under prevailing rates, taxes, insurance, and HOA dues—placing the segment more attainable than detached homes but not as affordable as condominiums.

Taken together, 2025 reads as a transition year for attached homes: a market still on stable ground, but beginning to lean toward buyers as supply loosens and selectivity increases. The sections that follow document these dynamics in detail, drawing on cleaned RMLS data to provide a clear, reference-grade record of the year.

Table of Contents

Data Housekeeping

The Portland Region in this update comprises the six Oregon counties of Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill. These counties form a contiguous housing ecosystem centered on Portland—Multnomah as the core home county, with the others tightly integrated through commuting patterns, economic ties, and shared market dynamics (e.g., Yamhill’s strong connection via Highway 99W and wine-country adjacency). Beyond Yamhill, the MLS system changes, further distinguishing this six-county area from broader geographic aggregations. For a detailed overview—including county profiles, population data, key value influencers, and why this definition differs from the official seven-county Portland–Vancouver–Hillsboro MSA—see my dedicated page: The Portland Region – Six-County Market Area Overview.

Colored map of the six counties comprising the Portland Region: Clackamas, Columbia, Hood River, Multnomah, Washington, and Yamhill.
The six-county Portland Region
Via SunCatcherStudio

All data is sourced from RMLS and reflects open-market attached single-family residential sales (excluding condominiums, detached homes, and multifamily). SNL (“Sold Not Listed”) entries—off-market transactions entered retroactively—have been excluded to preserve consistency with true market activity.

All figures have undergone my standard cleaning process to address common RMLS accuracy challenges, including misclassifications (e.g., condos listed as attached), square footage/price typos, incomplete fields, status/date mismatches, and non-representative entries. For a detailed overview of these issues, their impact on market analysis, and how I mitigate them through automated flagging, cross-verification, and manual review, see my dedicated page: RMLS Data Accuracy Challenges.

It is important to note that attached homes are just that: attached; whether on just one or both sides. They also entail ownership of the land the structure sits on. This makes them distinct from condominiums. They are also differentiated from multifamily properties in that each unit is individually owned. With a duplex, for example, there is a single owner, although the owner may rent or occupy each unit as they see fit. The owner cannot sell half of a duplex (one unit). It can get confusing, and the data in RMLS reflects that.

An attached home is just like a single-family detached home in rights and responsibilities; the principal difference is whether the structure is completely freestanding or joined at the hip with a neighbor or two. While an attached home is often located in an HOA and may even be physically indistinguishable from a townhome-style condominium, they are not condos, and are more similar to detached homes in all the categories that matter.

Portland Region 2025 Overview

Splash card with text.

2025 saw a continuation in the surge of new construction in the attached home segment. Despite the greater share of new units, average and median prices softened.

Overall Regional Trends

The table below summarizes key metrics for attached single-family residential sales in the Portland Region (Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill counties) for 2025 compared with 2024.

Category20242025% Change
Total $ Volume$715.1 Million$758.4 Million+6.05%
Average Price$461,973$460,764-0.26%
Median Price$439,960$435,000-1.13%
Avg SP/OLP97.93%97.00%-0.94%
Avg PPSF (TSF)$301.50$291.76-3.23%
Avg HOA Dues$234.09$236.84+1.18%
Avg Age (Yrs)16.2915.69-3.67%
Avg CDOM59.9068.36+14.13%
Avg Total SF1,5571,598+2.60%
Total # of Sales1,5481,646+6.33%
# of New Constr.509640+25.74%
Avg Supply (Mos.)3.003.98+32.54%
# of REOs47+75.00%
# of Short Sales32-33.33%
Note: The calculated average HOA dues is for units reporting HOA dues (1,295 sales). All other metrics use the full dataset (1,646 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Key Observations From the Aggregate Data

The 2025 attached‑home market remained functional and well‑supplied, with new construction shaping both the composition of sales and the overall performance of the segment. Several themes stand out when interpreting the year‑over‑year changes:

  • New construction was the primary engine of market stability. The segment saw a meaningful increase in total sales, and roughly a quarter more new‑construction units closed compared to the prior year. These newly built townhomes and rowhouses made up a substantial share of all 2025 activity and were largely responsible for keeping overall volume in positive territory. Without this influx of fresh inventory, total sales would likely have been flat.
  • The average age of sold homes declined due to the shift in mix. With so many new units entering the pipeline, the average age of attached homes sold moved several percent lower. This reflects a compositional shift toward recently completed properties rather than any broad change in the region’s existing housing stock.
  • Average and median prices edged down as supply loosened. Both measures posted low‑single‑digit declines, consistent with a market where buyers had more options and more time. The combination of increased new‑construction supply and a noticeable rise in months of housing supply placed gentle downward pressure on pricing. These movements reflect a shift toward balance rather than any sign of distress.
  • Price per square foot fell more sharply, influenced partly by larger average unit sizes. PPSF declined by a few percentage points, outpacing the modest softening in overall prices. Part of this movement stems from slightly larger average square footage—an expected outcome when new construction makes up a bigger share of the sold mix. In years with size stability, PPSF tracks price movement more directly; in 2025, the compositional effect played a meaningful role.
  • HOA dues showed minimal upward movement—a notable bright spot for affordability. Average dues increased by just over one percent, a restrained change compared to the sharper increases seen in the condominium segment. For the majority of attached homes with mandatory dues, this stability helped keep total ownership costs predictable and prevented additional affordability pressure.
  • Distressed sales remained negligible. REO and short‑sale activity together amounted to single‑digit counts in a market with more than 1,600 closings. Their minimal presence reinforces the broader picture of a segment without systemic financial strain, even as marketing times lengthened and supply increased.

Portland Region Scatter Plots

To visualize the distribution of individual attached homes sales prices across 2025, the following scatter plots show sales price against date of sale. The first graph displays the full range of transactions, while the second focuses on the $800k or less range.

Scatter plot showing individual attached home sales in the Portland Region during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The full‑market scatter of 2025 attached‑home sales offers a clear visual sense of how this segment behaved across the year. Most sales cluster in a tight horizontal band between the mid‑$400s up to $600k, reflecting the segment’s characteristic price stability and relatively narrow product range. Unlike detached homes, which stretch from distressed fixers to luxury outliers, or condos, which include everything from micro‑units to penthouses, attached homes tend to occupy a consistent middle band. That uniformity is immediately visible here.

One of the most notable features of the scatter is the absence of deep entry‑level pricing. No sales fall below the $200,000 mark, and the lower edge of the distribution remains remarkably stable throughout the year. This is a structural trait of the segment: attached homes rarely include the very small, distressed, or legacy units that populate the lower ends of the condo and detached markets. The result is a natural price floor that keeps the distribution compact and predictable.

Within that band, a subtle downward drift emerges as the year progresses. Early‑year sales tend to sit slightly higher in the cluster, while late‑year sales settle modestly lower. The slope is gentle, but it aligns with the broader story of 2025: more supply, more new construction, and more buyer selectivity. The scatter shows a market that remained functional and well‑supplied, but one that softened at the margins as the year moved on.

A handful of higher‑priced outliers appear above the main band, many of them tied to new construction. But even these upper‑end sales do not distort the overall pattern. The segment’s pricing structure remains anchored in the middle of the market, with new construction reinforcing that center rather than pulling it upward.

Zooming in on sales priced at $800,000 or less we have:

Scatter plot showing individual attached home sales in the Portland Region during 2025, with a focus on sales at or below $800k. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

When the scatter is narrowed to sales at $800,000 or less, the shape of the attached‑home market becomes even clearer. Nearly the entire dataset remains intact—97.6% of all 2025 attached sales fall at or below $800k—which means this zoomed‑in view isn’t a subset so much as a more legible rendering of the full market. The upper‑end outliers fall away, but the core structure of the distribution stays exactly the same.

What emerges is a dense, disciplined band of activity stretching from the low‑$300s to the upper‑$700s, with the vast majority of sales clustering between roughly $400,000 and $600,000. This is the heart of the attached segment.

The downward tilt that was only faintly visible in the full‑range scatter becomes more apparent here. Early‑year sales sit slightly higher within the band, while late‑year sales drift modestly lower. It’s a gentle slope, but it reinforces the broader theme of 2025: a market still on solid footing, but gradually softening as supply increased and buyers became more selective. The scatter shows this visually in a way that tables alone cannot.

Bottom-line Summary

The attached‑home segment in 2025 presents a clear, consistent picture: a market still functioning well, but gradually shifting under the weight of expanded supply and persistently high interest rates. The regional overview table shows modest price erosion, a noticeable rise in months of housing supply, and a meaningful increase in new‑construction deliveries—all signals that the tight conditions of prior years have begun to ease. The scatterplots reinforce this story visually. The segment maintained a firm price floor and a concentrated middle band, but the gentle downward drift across the year reflects buyers taking more time, exercising more discretion, and benefiting from a wider set of options.

New construction played a central role in this transition. It supported overall sales volume and refreshed the inventory, yet it did so without distorting the pricing structure; most new units landed squarely within the core price band. The result is a market that remains orderly and well‑supplied, but one that is unmistakably edging toward buyer‑favored conditions. Prices have not broken sharply, and the segment is not yet in a buyer’s market, but the combination of elevated rates, increased choice, and softening at the margins points to a landscape where buyers hold a bit more leverage than they did a year ago.

Sales Volume

A treemap visualizing the distribution of attached homes sales by county in 2025 clearly illustrates the market’s geographic concentration.

This treemap graph illustrates the sales volume of single-family attached homes in the Portland Region for 2025. The data is sourced from RMLS.

The sales‑volume treemap underscores how geographically concentrated the attached‑home market remains. Washington County once again carried the segment, accounting for more than half of all 2025 attached sales. Its dominance reflects both the depth of its attached‑home inventory and the steady stream of new construction that continued to shape the year’s activity. Multnomah County followed at roughly a quarter of all sales, with Clackamas contributing another meaningful share. Together, these three counties made up more than ninety‑six percent of the region’s attached‑home transactions—a level of concentration that has become a defining feature of this segment.

The remaining counties—Yamhill, Columbia, and Hood River—registered only small numbers of sales, consistent with their limited attached‑home stock and slower pace of new development. Their presence in the treemap is more about completeness than influence; they round out the regional picture but do not materially shape the segment’s behavior.

The following bar chart shows monthly sales volume for 2025:

This bar graph shows the number of single-family attached residential sales in the Portland Region for each month of 2025. The data is sourced from RMLS.

Monthly sales activity in 2025 followed a seasonal arc, with a slow winter start, a steady rise into late spring, and a clear peak in early summer. June marked the high point for the year, reflecting the traditional convergence of buyer activity, new listings, and new‑construction deliveries. From April through October, the market moved in a remarkably stable band.

What stands out in this cycle is the strength of the late‑year months. November and December often taper more sharply, but in 2025 they held up better than expected. A significant share of that resilience came from new construction, which made up a large portion of the closings in those months and helped offset the seasonal slowdown. This pattern aligns with the broader theme of the year: increased supply—especially from new deliveries—gave buyers more options and kept transaction volume moving even as higher interest rates continued to weigh on affordability.

The line graph below compares monthly sales volume across the twelve months for 2024 and 2025.

Double line graph comparing the number of attached home sales per calendar month between 2024 (blue line) and 2025 (red line).

The year‑over‑year comparison highlights the greater 2025 attached segment activity, even though both years followed broadly similar seasonal patterns. The two lines track closely through the early months, but 2025 begins to pull ahead in February and maintains that advantage through most of the year. The spring and early‑summer stretch is where the difference is most visible: April, June, and August all posted noticeably higher volumes in 2025, reflecting the impact of expanded inventory—particularly from new construction—and a buyer pool that remained engaged despite elevated interest rates.

What’s striking is that 2025 didn’t outperform 2024 because of a single outsized month. Instead, it was a series of steady, incremental gains across the middle of the year that pushed the annual total higher. Even in months where 2025 dipped slightly below 2024—May, September, October, and November—the differences were modest and quickly offset by stronger performance elsewhere. December 2025 finished ahead of the prior year, helped by a substantial share of new‑construction closings that kept volume slightly above 2024.

Sales Price

The following bar chart shows average monthly sales price for 2025:

This bar graph shows the average sales price of single-family attached residential sales in the Portland Region for each month of 2025. The data is sourced from RMLS.
Note: The y-axis starts at $420,000 to allow better examination of monthly differences.

Average pricing in 2025 moved within a remarkably narrow range, which is one of the defining characteristics of the attached segment. Monthly averages hovered close to the annual mean of roughly $461,000, with only modest fluctuations from one month to the next. The early spring months posted the highest averages of the year, but even those peaks were measured rather than dramatic. As the year progressed, prices drifted gently lower, reflecting the same softening seen in the scatterplots and the broader regional metrics.

What’s notable is how contained the movement is. Even in months where the average dipped—most visibly in August and November—the declines were incremental rather than abrupt. This stability mirrors the segment’s structural consistency: attached homes tend to be more uniform in size, age, and configuration, and the market rarely experiences the sharp swings that can appear in detached or condo segments. The late‑year averages also show the influence of new construction, which helped support pricing even as the market tilted toward buyers.

The line graph below compares average monthly sales prices across the twelve months for 2024 and 2025.

Double line graph comparing the monthly average sales price of attached home sales per calendar month between 2024 (blue line) and 2025 (red line). The y-axis starts at zero.

The year‑over‑year comparison shows just how stable pricing has been in the attached segment. The two lines move almost in unison, with only modest month‑to‑month differences and no meaningful divergence across the calendar year. Both years follow the same gentle seasonal rhythm, and both remain anchored within a narrow price band that reflects the segment’s structural consistency. At this scale, the line appears almost flat, underscoring how little volatility the market experienced despite elevated interest rates and shifting supply conditions.

 Zooming in we have:

Double line graph comparing the monthly average sales price of attached home sales per calendar month between 2024 (blue line) and 2025 (red line). The y-axis starts at $430,000 for better viewing of monthly differences.
Note: The y-axis starts at $430,000 to allow better examination of monthly differences.

Once the scale tightens, the subtle differences between 2024 and 2025 come into focus. Both years still move within a narrow band, but the month‑to‑month shifts become more visible. In 2025, prices rise a bit more sharply the first three months before easing through spring, summer and early fall, while 2024 shows a smoother arc with a gentler spring peak and a more pronounced slide into year‑end. 2024 was ahead of 2025 seven out of twelve months, with average and median prices slightly down in 2025.

New Construction

The bar graph below shows monthly total attached homes sales for 2025, with new construction volume nested within each bar to illustrate the portion of sales that were newly built.

This bar graph shows the number of single-family attached residential sales in the Portland Region for each month of 2025 with the number of new constructions sales embedded within as a different colored bar. The data is sourced from RMLS.

The comparison between new‑construction closings and total monthly sales makes clear just how central new deliveries were to the attached segment in 2025. New construction consistently accounted for a substantial share of activity throughout the year, often representing a third or more of all monthly sales. In several months—most notably October, November, and December—new construction made up close to half of all closings, providing a meaningful buffer against the seasonal slowdown that typically appears late in the year.

What stands out is the steadiness of this contribution. Rather than appearing in isolated bursts, new‑construction sales were present in every month and moved in tandem with the broader market. This pattern reflects both the ongoing build‑out of attached housing in the region and the role these units played in keeping transaction volume healthy despite elevated interest rates. The segment’s overall resilience in 2025 is closely tied to this pipeline of new supply, which expanded buyer choice and helped maintain momentum even as the market tilted gradually toward buyer‑favored conditions.

The chart ultimately reinforces a theme that appears throughout the annual: new construction didn’t distort the pricing structure, but it did shape the year’s activity. It supported volume, refreshed inventory, and played an outsized role in the late‑year months, helping the market finish stronger than it otherwise might have.

The bar graph below shows the number of new construction closings by county, with side-by-side bars for 2024 and 2025.

This bar graph compares the number of new construction single-family attached residential sales in the Portland Region for 2024 and 2025 broken out by county. The data is sourced from RMLS.

The county‑level comparison highlights how unevenly distributed new‑construction activity is across the region—and how much of the segment’s growth in 2025 came from just two counties. Washington and Multnomah together accounted for virtually all of the increase in new‑construction closings, with both counties posting strong year‑over‑year gains. Washington County, in particular, expanded its lead, reflecting the depth of its development pipeline and its role as the region’s primary engine for attached‑home production. Multnomah also saw a meaningful increase, driven by infill projects and the continued build‑out of attached housing in its growth corridors.

The remaining counties played only a marginal role. Clackamas saw a modest decline, while Columbia and Hood River posted very small numbers that reflect their limited attached‑home inventory rather than any meaningful shift in market conditions. Yamhill recorded no new‑construction closings in 2025, consistent with its historically small footprint in this segment.

What the chart ultimately shows is a highly concentrated pattern: nearly all new‑construction activity occurred in the three core counties, and within that group, Washington and Multnomah carried almost the entire load. This concentration mirrors the broader sales‑volume distribution and reinforces a central theme of the annual—new construction was a major driver of 2025 activity, but its impact was geographically focused, shaping the market most strongly where development pipelines were already established.

The table below shows new construction sales volume by dollar amount for 2025 compared with 2024.

County2024 $ Amount2025 $ Amount% Change% of Total 2025 $ Amount
Clackamas$40,515,719$38,358,610-5.32%5.05%
Columbia$0$1,344,8000.18%
Hood River$1,393,303$0-100.00%0.00%
Multnomah$50,170,781$73,147,41245.80%9.64%
Washington$142,679,777$183,397,93428.54%24.16%
Yamhill$1,126,000$0-100.00%0.00%
Sum$235,885,580$296,248,756+25.59%39.03%
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The following double bar chart provides the above table information at a glance:

This bar graph compares the dollar amount of new construction single-family attached residential sales in the Portland Region for 2024 and 2025 broken out by county. The data is sourced from RMLS.

The dollar‑volume comparison shows just how much financial weight new construction carried in 2025. Builders collectively brought in roughly $60 million more than the prior year—a substantial jump that reflects both higher unit counts and the continued shift toward more affordable attached‑home formats. Washington and Multnomah counties were responsible for nearly all of that increase. Washington alone accounted for about 62% of all new‑construction dollars, and nearly a quarter of the region’s entire attached‑home dollar volume, underscoring its role as the center of gravity for new development.

Multnomah also posted a strong gain, driven by steady infill activity and the ongoing build‑out of attached housing in its established corridors. Clackamas softened slightly, and the remaining counties contributed only marginal amounts, reinforcing the highly concentrated nature of new‑construction activity in this segment.

New construction represented nearly 39% of all attached‑home sales in 2025—far higher than the roughly 11% share seen in the detached segment. That disparity speaks to a clear market pivot: with elevated rates and inflation pressuring affordability, buyers gravitated toward smaller, more attainable new homes, and builders responded accordingly. The attached segment became the primary outlet for new supply that could meet buyers at a workable price point.

Average prices add another layer to the story. Washington County—the dominant producer—actually saw its average new‑construction price dip year over year. Given its outsized influence, that decline helped pull down the aggregate pricing trend for the entire segment. Some of this softening may reflect the broader economic backdrop, including the localized effects of the Intel layoffs in Hillsboro, which introduced additional caution into the westside market. When the county that produces the majority of new attached homes experiences even a modest price shift, the impact shows up in the regional numbers.

Cumulative Days on Market

The bar chart below compares average cumulative days on market (CDOM) throughout 2025.

This bar graph shows the average cumulative days on market for single-family attached residential sales in the Portland Region for each month of 2025. The data is sourced from RMLS.

Average CDOM in 2025 followed a familiar seasonal pattern, but with a slightly longer tail than in tighter years. The winter months opened with elevated market times, reflecting both leftover 2024 inventory and the slower pace typical of the season. Conditions improved sharply in April—the low point for the year—as new listings were priced more competitively and buyers were more active. From there, CDOM settled into a middle band through summer and early fall, with only modest month‑to‑month movement.

The late‑year uptick is notable but not alarming. October posted one of the higher averages of the year, and November and December remained elevated compared to the spring lows. This pattern aligns with the broader dynamics shaping the segment: increased supply, more new‑construction options, and buyers taking more time to evaluate choices in a higher‑rate environment. The attached segment remained functional and well‑supplied, but the longer market times—especially compared to the spring trough—signal a market gradually easing toward buyer‑favored conditions.

The bar chart below compares cumulative days on market for 2024 and 2025.

This bar graph compares the average days on market (CDOM) for single-family attached residential homes in the Portland Region for 2024 and 2025. The data is sourced from RMLS.

The year‑over‑year comparison shows a clear shift toward longer market times in 2025. While both years follow the same seasonal rhythm—winter highs, a sharp spring improvement, and a gradual rise into fall—the 2025 bars sit noticeably higher through most of the calendar. The spring trough is still present, but it’s not as deep, and the summer and early‑fall months show some of the largest gaps between the two years. August, in particular, stands out as a moment where buyers took significantly more time than they did the year before.

This pattern aligns with the broader dynamics shaping the segment. Expanded inventory, a heavier flow of new‑construction options, and persistently high interest rates all contributed to a more deliberate pace among buyers. Homes still sold, but they required more exposure, more showings, and more patience from sellers. The late‑year months illustrate this well: 2025 remained elevated relative to 2024 even as new‑construction closings helped keep overall activity moving.

The following dual-axis chart illustrates two interrelated indicators of market health for single-family attached homes in the Portland Region throughout 2025: the number of active listings each day (green line, right axis) and the average daily Days on Market (DOM) of those active listings (red line, left axis):

Double line graph comparing the daily number of active listings with the average daily day on market for 2025. The graph has two y-axes. The y-axis for the daily number of active listings (green) starts at 300 for better viewing of daily differences. The y-axis for the average daily days on market (red) starts at 80 for better viewing of daily differences.

This metric reflects the average current listing history (DOM) of the active inventory pool only—typically ranging from 400 to 650 units on any given day—and is distinct from cumulative DOM or final time-to-sale for closed transactions.

Because well-priced and competitively positioned properties sell quickly and exit the active pool, the average DOM is disproportionately influenced by lingering inventory. The chart therefore serves as a real-time snapshot of stale inventory levels, pricing discipline, and buyer selectivity across the year.

The chart reveals a clear inverse seasonal pattern between active inventory volume and average daily DOM.

Active listings (green) started the year relatively low (~400–450 units in January–February), rose steadily through spring and early summer to a peak of approximately 650–680 units (mid-May through July), then gradually declined into the 450–500 range by December. This mid-year swell reflects the typical seasonal influx of new listings, including a significant portion of newly completed townhomes and rowhouses.

Average daily DOM (red) moved in the opposite direction: beginning around 140 days in early January, it declined sharply through spring to a trough of ~90–95 days in late spring/summer, remained relatively stable through early fall, then rose gradually to ~110–115 days by year-end (with a brief dip in mid-November before the final uptick).

This inverse relationship is driven by compositional effects in the active pool. During the peak listing/closing season (late spring through summer), a higher volume of fresh, competitively priced units entered the market. These sold quickly, contributed little to the average DOM, and kept the metric low. In contrast, fall and winter saw fewer new listings and more selective buyers, allowing properties to linger longer. These stale units accumulated in the shrinking active pool and pulled the average DOM higher—particularly noticeable in the late-year rise despite thinning supply.

The pattern underscores a key takeaway for sellers and listing agents: misalignment on pricing or presentation can result in extended exposure, especially during lower-volume seasons.

Housing Supply

Months of supply (MOS) represents the number of months it would take to absorb current active inventory at the prevailing sales pace, assuming no new listings enter the market. The following bar chart shows MOS by calendar month for 2025:

This bar graph shows the months of housing supply for single-family attached residential sales in the Portland Region for each month of 2025. The data is sourced from RMLS.

Months of supply in 2025 moved within a relatively tight band, but the overall pattern points to a market operating with more breathing room than in prior years. The year opened with elevated supply levels, reflecting both leftover winter inventory and the steady flow of new construction that has become a defining feature of the attached segment. Conditions tightened briefly in February and April, but the broader trend is one of stability rather than compression.

Through the middle of the year, supply hovered around the four‑month mark—high enough to give buyers meaningful choice, but not so high as to signal oversupply. July and September posted some of the higher readings of the year, consistent with the slower pace reflected in the CDOM charts and the gradual softening seen in the pricing metrics. Even so, the market remained functional: listings continued to move, and the supply levels never drifted into territory that would indicate a breakdown in demand.

The late‑year dip in December is typical for the season, but it also reflects the influence of new‑construction closings, which helped keep inventory from accumulating as sharply as it might have in a purely resale‑driven environment.

The line graph below compares months of supply for 2024 (blue line) and 2025 (red line), with a full y-axis scale to show true proportional differences:

This line graph shows the months of housing supply for homes in the Portland Region for 2024 and 2025.

The year‑over‑year comparison shows a clear expansion in supply throughout 2025. While both years follow the same seasonal pattern—tightening in early spring, loosening through summer, and a modest late‑year dip—the 2025 line sits noticeably higher in nearly every month. The difference is especially pronounced from March through November, where supply levels in 2025 consistently ran one to two months above the prior year.

This shift reflects the combined influence of expanded inventory, a heavier flow of new‑construction listings, and a more deliberate pace among buyers navigating elevated interest rates. The attached segment remained orderly and functional, but the additional supply gave buyers more choice and more time, contributing to the longer market times seen in the CDOM charts. Even the December reading, while lower than the fall peak, remained above 2024 levels, underscoring how persistent the year‑over‑year increase was.

Overall, the comparison reinforces the broader theme of the annual: 2025 was a year where the attached segment operated with more breathing room. Supply didn’t spike into overshoot territory, but it expanded enough to shift the balance of leverage subtly toward buyers and to support the gradual softening visible in the pricing metrics.

HOA Dues

While not all attached homes are located in an HOA with mandatory dues, a significant number are:

# of Attached Homes Reporting HOA Dues
1,295
78.68% of Sales

The bar chart below compares average monthly HOA dues (for reporting sales) for 2024 and 2025:

This bar graph compares the average monthly HOA dues for reporting properties only in the single-family attached homes market in the Portland Region for 2024 and 2025 broken out by county. The data is sourced from RMLS.

HOA dues in the attached segment remained remarkably stable in 2025, especially compared to the sharp increases seen in the condo market. With nearly 79% of all attached‑home sales reporting dues, this is a meaningful metric for understanding the real carrying cost of the segment—and the year‑over‑year changes were modest. Most counties saw only small adjustments, and the regional pattern reflects a market where dues are largely predictable and tied to routine maintenance rather than major capital projects.

The county‑level shifts tell a nuanced story. Washington and Clackamas posted slight increases, consistent with normal operating‑cost inflation. Multnomah, by contrast, saw a small decline, which helped offset increases elsewhere and contributed to the segment’s overall affordability profile. The outlier counties—Columbia, Hood River, and Yamhill—show more volatility, but their sample sizes are too small to influence regional trends in any meaningful way.

What stands out most is how restrained these changes are. In a year where interest rates and inflation continued to pressure buyers, the stability of HOA dues provided a measure of predictability that helped support demand. This is especially important in a segment where dues are common and where buyers are often comparing attached homes not only to detached options but also to townhome‑style condos with much higher monthly obligations.

Overall, the HOA landscape in 2025 reinforces the broader theme of the annual: the attached segment remained one of the most accessible pathways into new or newer housing, with dues that stayed manageable even as other cost pressures mounted.

Histograms

Histograms offer a unique and powerful perspective on the attached homes market that traditional summary statistics and bar charts cannot fully capture: they reveal the underlying shape, spread, and clustering of the data, exposing patterns, skewness, tails, and bifurcations that averages and medians alone obscure.

The following histogram shows the distribution of sales price as a percentage of original list price in 2025:

Histogram showing the distribution of sales for the category "sales price/original list price" for attached homes properties across 20 bins.

The histogram of Sales Price to Original List Price (SP/OLP) ratios for 2025 attached home sales in the Portland Region reveals a strongly right-skewed distribution centered on high negotiation success for sellers, with the overwhelming majority of transactions closing at or very close to asking price.

The peak bin—98.0%–99.9% SP/OLP—contains 587 sales, or 35.66% of the total 1,646 transactions. This single bin alone accounts for more than one-third of all closings, underscoring how competitively positioned attached homes moved in 2025. The adjacent bins reinforce this: 96.0%–97.9% (229 sales, 13.91%), 94.0%–95.9% (194 sales, 11.79%), and 100.0%–101.9% (162 sales, 9.84%) together push the concentration around the 96–102% range to nearly half the market.

Cumulatively:

  • Approximately 46.8% of sales closed below 98% SP/OLP (771 transactions), indicating some level of negotiation or concessions in nearly half the market.
  • Roughly 45.5% closed between 98% and under 102% (a tight band around full price or slight premiums).
  • Only 7.65% was at or above 102% SP/OLP (above full asking), and just 0.79% reached ≥108%—showing limited instances of bidding wars or aggressive over-asking closes.

The left tail (below 90% SP/OLP) is thin: only ~10% of sales fell below 90%, and the extreme low end (<80%) is negligible (15 transactions total). This distribution reflects good seller leverage in the attached segment overall, but with clear evidence of buyer pushback in a softening environment: the modal (peak) outcome is 98–99.9% (modest concessions), and the right tail thins rapidly above 101.9%.

The following histogram shows the distribution of sales prices of attached homes in 2025:

Histogram showing the distribution of sales for the category "sales price" for attached homes properties across 20 bins.

The histogram of sales prices for single-family attached residential properties in the Portland Region during 2025 shows a classic bell-shaped distribution centered firmly in the mid-$400k range. The largest share of transactions—425 sales, or 25.82% of the total 1,646—closed in the $400,000–$439,999 bin, marking this as the clear peak for townhomes and rowhouses in suburban and edge-urban locations.

The distribution remains tightly concentrated around this peak. The bins immediately below and above—$360,000–$399,999 (274 sales, 16.65%) and $440,000–$479,999 (310 sales, 18.83%)—together account for an additional 35.48% of sales, meaning roughly 61% of all attached homes sold between $360,000 and $479,000. This narrow ~$120k window captures the vast majority of the market.

Lower price ranges taper off quickly. Below $400,000, only about 27.3% of sales occurred (449 transactions), and activity below $320,000 was minimal at just 3.58% (59 sales). The segment shows no meaningful volume in the low $200k range, with only 3 sales falling in the $200,000–$239,999 bin. On the upper end, volume in prices drop off sharply at or above $600,000, where just 7.9% of sales (130 transactions) took place, and only 16 sales reached or exceeded $960,000 (0.97%).

The slight left skew within the mid-range—more volume below $440,000 than above—aligns with the modest downward pressure seen in average and median prices and the more noticeable PPSF decline. This pattern reflects the influence of competitively priced new construction units entering the market and increased buyer selectivity amid higher months of supply and longer average marketing times.

The consistent floor at or above $320,000 for the dense portion of the distribution highlights the structural support in attached homes: fee-simple ownership of land and structure, minimum practical sizes for townhomes and rowhouses, and HOA/maintenance responsibilities that prevent the deep low-end pricing occasionally seen in condominiums or distressed detached properties.

The following histogram shows the distribution of price per square foot for attached homes in 2025:

Histogram showing the distribution of sales for the category "price per square foot" for attached homes properties across 20 bins.

The histogram of price per square foot (PPSF, based on total square footage) for single-family attached residential sales in the Portland Region during 2025 shows a strong central peak in the $250 to under $290 range, with the distribution skewed slightly left.

The two highest bins are tied: $250–$269 and $270–$289, each with 315 sales and 19.14% of the total 1,646 transactions. These two adjacent ranges together capture 38.28% of all closings, making the $250–$289 PPSF interval the clear core of the market for attached homes.

The peak concentration extends on either side:

  • Below the peak, the $230–$249 bin has 189 sales (11.48%), and the $290–$309 bin has 218 sales (13.24%).
  • Taken together, the four bins from $230 to $309 account for 63% of sales (1,037 transactions).

Lower PPSF ranges fall off steadily. Below $230 per square foot, only about 8.2% of sales occurred (135 transactions), with activity below $210 minimal at just 2.43% (40 sales). The extreme low end ($150–$169) has only 1 sale (0.06%).

On the upper end, PPSF drops off more quickly at $330. Sales at or above $330 per square foot represent roughly 18.53% of the market (305 transactions), with very thin volume above $410 (only 1.15% at $410–$429 and lower thereafter). Only 3 sales reached or exceeded $530 per square foot (0.18%).

The modest left skew within the mid-range—more volume in the $250–$289 peak and below than above—aligns with the compositional effects discussed earlier: average total square footage rose +2.60% to 1,598 SF, and the influx of newer, slightly larger units from construction helped pull representative PPSF levels lower.

The following histogram shows the distribution of age for attached homes in 2025:

Histogram showing the distribution of sales for the category "age"  for attached homes properties across 20 bins.

The histogram of actual age (years since original construction) for single-family attached residential sales in the Portland Region during 2025 shows a strongly unimodal distribution with an overwhelming peak in very recent construction and a noticeable secondary concentration in properties originally built 18–26 years ago.

The dominant bin—0–2 years—contains 653 sales, or 39.67% of the total 1,646 transactions. This single range accounts for nearly 40% of all closings, reflecting the significant role new construction played in sustaining volume and freshness in the attached segment throughout 2025. The next few bins remain modest: 3–5 years (46 sales, 2.79%), 6–8 years (64 sales, 3.89%), 9–11 years (79 sales, 4.80%), and 12–14 years (31 sales, 1.88%). Together, properties 14 years old or newer represent roughly 53.04% of sales (873 transactions), underscoring how recent inventory dominated the market.

A secondary cluster appears in the 18–26 year range (original construction roughly 1999–2007), with notable peaks at 18–20 years (133 sales, 8.08%), 21–23 years (152 sales, 9.23%), and 24–26 years (121 sales, 7.35%). These three bins alone account for 24.66% of sales (406 transactions), representing the largest group of older attached homes that traded.

Beyond 26 years, volume drops off sharply and remains thin. Properties 27 years and older make up only 19.81% of sales (326 transactions), with no single bin exceeding 62 sales (27–29 years, 3.77%). The oldest group (≥57 years) has just 8 sales (0.49%), showing very limited turnover among truly vintage attached structures.

This unimodal pattern—39.67% under 3 years old—directly ties to the new construction influx discussed earlier: the surge in fresh units lowered average age to 15.69 years. The relative scarcity of mid-age (15–17 years) and older (27+ years) sales highlights how attached homes tend to cluster around building cycles rather than a smooth age distribution.

The following histogram shows the distribution of total square footage for attached homes in 2025:

Histogram showing the distribution of sales for the category "total square footage" for attached homes properties across 20 bins.

The histogram of total square footage for single-family attached residential sales in the Portland Region during 2025 shows a clear central peak in the 1,500–1,599 SF range, with the distribution skewed slightly left within the mid-size band.

The dominant bin—1,500–1,599 SF—contains 335 sales, or 20.35% of the total 1,646 transactions. This single range captures the largest share of closings, reflecting the typical size for modern townhomes and rowhouses in the region.

The peak concentration extends on either side. The adjacent bins of 1,400–1,499 SF (198 sales) and 1,600–1,699 SF (207 sales) add another 24.61%. Taken together, the three bins from 1,400 to 1,699 SF account for 44.96% of sales (740 transactions), forming the core mid-size heart of the segment.

Lower square footage ranges taper off steadily. Below 1,400 SF, roughly 25.15% of sales occurred (414 transactions), with activity below 900 SF minimal.

On the upper end, square footage drops off more quickly above 1,700 SF. Sales at or above 1,700 SF represent 29.89% of the market (492 transactions), with volume thinning further at or above 2,000 SF to 11.66% (192 sales).

The consistent concentration around 1,400–1,699 SF highlights the practical size norms for attached homes: efficient layouts that balance livability, land constraints, and HOA/shared-element considerations without extending into the larger footprints common in detached single-family properties.

The following histogram shows the distribution of cumulative days on market for attached homes in 2025:

Histogram showing the distribution of sales for the category "cumulative days on market" for attached homes properties across 20 bins.

The histogram of cumulative days on market (CDOM) for single-family attached residential sales in the Portland Region during 2025 shows a distribution with a pronounced left-side peak in very short marketing times and a secondary spike in extremely long exposure, giving the appearance of bimodality when binned into 20 groups.

The dominant left-side peak falls in the 0–6 CDOM bin, with 314 sales or 19.08% of the total 1,646 transactions. This reflects the segment’s core of well-priced, competitively positioned properties that sell very quickly, often within the first week of listing.

The core short-to-moderate range (0–55 days) accounts for 59.17% of sales (974 transactions). This broad group covers everything from immediate sales to marketing times that draw closer to the regional average CDOM of 68.36 days.

Marketing times that approach the regional average and extend to about double that level (56–132 days) represent 25.09% of sales (413 transactions). These properties experienced extended exposure—often due to pricing, condition, location, or HOA-related factors—but still closed without reaching the extreme tail.

The long right-side tail (≥133 days) contains 259 sales or 15.74% of transactions. This extreme marketing time bookend captures the properties that lingered well beyond double the regional average, sometimes for hundreds of days (with the full spread in this bin reaching up to 2,017 days). When binned coarsely, this tail creates the visual appearance of a secondary mode at the far right, even though the underlying data is a long, continuous tail rather than a true symmetric peak.

The overall shape—strong concentration in very short CDOM, a moderate middle tail of extended but not extreme marketing times, and a notable spike in the long-tail extreme—reflects buyer selectivity in a softening environment. Well-positioned properties moved fast, while mispriced or challenged units (high HOA dues, outdated features, or location drawbacks) accumulated longer exposure, particularly in the ≥133 day group.

The following histogram shows the distribution of monthly HOA dues for attached homes in 2025:

Histogram showing the distribution of sales for the category "monthly HOA dues" for reporting attached homes properties across 20 bins.

The histogram of monthly HOA dues (for properties reporting non-zero dues) in single-family attached residential sales in the Portland Region during 2025 shows a strong central peak in the $150–$179 range, with the distribution skewed slightly right within the mid-to-higher dues band.

The dominant bin—$150–$179—contains 245 sales, or 18.92% of the 1,295 transactions reporting non-zero HOA dues. This single range captures the largest share of closings, reflecting the typical monthly fee level for attached homes with mandatory associations in the region.

The peak concentration extends on either side. The adjacent bins of $120–$149 (59 sales, 4.56%) and $180–$209 (166 sales, 12.82%) add another 17.37%. Taken together, the three bins from $120 to $209 account for 36.29% of reported dues sales (470 transactions), forming the core mid-range heart of the distribution.

Lower dues ranges taper off steadily. Below $150 per month, roughly 21.31% of sales occurred (276 transactions), with activity below $90 minimal.

On the higher end, dues drop off more quickly above $300. Sales at or above $300 per month represent 25.87% of the market (335 transactions), with volume thinning further at or above $420 (only 9.96%, 129 sales). Only 33 sales reached or exceeded $570 per month (2.55%).

The distribution is left-skewed—more volume in the $150–$209 peak and below than above—aligns with the modest HOA increase observed earlier (+1.18% to $236.84 average). This pattern reflects the prevalence of moderate dues in newer and suburban attached communities, where associations provide amenities without escalating to condo-like levels.

The consistent concentration around $150–$209 highlights the practical dues norms for attached homes: fees that cover shared maintenance and amenities while remaining manageable for buyers, especially compared to the sharper increases seen in the condominium segment.

Miscellaneous Statistics & Standout Transactions

Splash card with miscellaneous stats for attached homes in the Portland Region for 2025.

Here are some of the most notable outliers and extremes from the 2025 Portland Region attached homes market—numbers that illustrate the full range of the data and the extremes buyers and appraisers encounter.

Lowest Sales Price: $215,000—3-bedroom, 2.1-bathroom unit. The lowest price was obtained by a fixer townhouse in Portland that closed as a cash sale. Unlike the condo and detached segments of the housing market, attached homes have a much higher “floor” of prices. The 1,224-sq. ft. home was purchased by a flipper and renovated. Photos of this property (in its renovated state) are currently available online.

Highest Sales Price: $1,745,000—The highest price obtained by an attached home in 2025 was a new construction property in Lake Oswego. The attached home is 3,390 sq. ft. and has 4 bedrooms and 5 bathrooms. The interior has high-quality finishes. Photos of this property are currently available online.

Lowest Price Per Square Foot: $154.99—The lowest price was obtained by a fixer townhouse in Portland that sold for $460,000. The property is 2,968 sq. ft. and has 3 bedrooms and 3.1 bathrooms. The home needed a lot of work and sold to a flipper who later obtained $759,490 for the renovated townhome. Photos of this property (in its renovated state) are currently available online.

Highest Price Per Square Foot: $597.61—5-bedroom, 2.1-bathroom. The highest price was obtained by a modern townhouse in Hood River that sold for $1,500,000. The property has good views of the Columbia River. Photos of this property are currently available online.

Longest CDOM: 2,017 days—3-bedroom, 2.1-bathroom end-unit townhome-style in Sandy (Clackamas County). This property had a curious listing history. It was a new construction in a subdivision but apparently was held back from sale by the builder; perhaps as a model to show as the other units sold. Portland Appraisal Blog tried to reach out to the agents. The buyer’s agent did respond, but didn’t have much information to share. The agent did confirm the unit was rented at the time of the sale. So, it’s possible someone connected to the builder was occupying the unit as a rental until the subdivision finally sold out. Photos of this property are currently available online.

Smallest Attached Home: 655 SF—1-bedroom, 1-bathroom unit in King City (Washington County). This property sold in an age-restricted (55+) community. The home sold for $245,000 and had reported monthly HOA dues of $186. Photos of this property are currently available online.

Largest Attached Home: 3,510 SF—4-bedroom, 4.2-bathroom townhouse in Lake Oswego. This property is a newer construction and sold for $1,585,000. The townhome has quality finishes. Photos of this property are currently available online.

Largest Lot: 0.26 acres—2-bedroom, 2-bathroom townhouse in Wilsonville (Clackamas County). The property is located in the the golf course community Charbonneau and sold for $750,000. Photos of this property are currently available online.

Highest Monthly HOA Dues: $840—3-bedroom, 2.1-bathroom attached home in Portland. The home is 3,373 sq. ft. The high dues cover exterior elements of the property, such as stucco siding and the roof, as well as landscaping. In addition, there is a semiannual $400 charge that covers trails, playground, and community events. Photos of this property are currently available online.

Highest Monthly HOA Dues Per SF: $0.63—2-bedroom, 1-bathroom end-unit property. The home is 1,092 sq. ft. with monthly HOA dues of $693. While the home sold for $262,400, the HOA dues are a reminder that monthly carrying costs for some relatively low-priced units can be drastically affected by HOA dues. Photos of this property are currently available online.

With the regional aggregate trends, graphs, monthly patterns, histogram analysis, and notable outliers covered, the remainder of this update turns to a county-level breakdown. The following sections present year-over-year comparisons for each of the six counties in the Portland Region—Multnomah, Washington, Clackamas, Yamhill, Columbia, and Hood River. Each county snapshot includes key metrics, commentary on local drivers, and any segment-specific observations that help explain broader regional patterns.

Multnomah County 2025 Stats

Multnomah County, encompassing the City of Portland and its immediate surroundings, accounted for 24.97% of all attached‑home sales in the region in 2025, making it the second‑largest contributor behind Washington County and serving as the secondary hub of the regional attached homes segment.

The table below summarizes key metrics for Multnomah County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$169.0 Million$190.3 Million+12.64%
Average Price$445,867$463,103+3.87%
Median Price$399,900$415,995+4.02%
Avg SP/OLP97.30%97.62%+0.33%
Avg PPSF (TSF)$311.47$299.50-3.85%
Avg HOA Dues$244.45$225.72-7.66%
Avg Age (Yrs)17.0014.34-15.67%
Avg CDOM65.3859.98-8.26%
Avg Total SF1,4761,582+7.18%
Total # of Sales379411+8.44%
# of New Constr.125169+35.20%
# of REOs23+50.00%
# of Short Sales10-100.00%
Note: The calculated average HOA dues is for units reporting HOA dues (216 sales). All other metrics use the full dataset (411 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The segment posted a solid year overall, with both sales volume and prices moving higher. Total dollar volume rose nearly 13%, supported by an 8% increase in closed sales and a modest gain in both average and median prices. (Newer and slightly larger homes also contributed to the increase.) The pricing environment here was steadier than in some of the surrounding counties, reflecting a mix of infill development, established neighborhoods, and a broad range of attached‑home types. The yearly gains meant that sellers netted nearly an additional $22 million—almost the exact increase in new construction dollar volume gains.

A few metrics stand out. New‑construction activity increased sharply, rising more than 35% year over year, and helped pull the average age of sold homes down meaningfully. That younger inventory mix also contributed to the increase in average square footage, which climbed more than 7%. Market times improved as well, with average CDOM falling by about 8%, suggesting that buyers responded to the refreshed inventory and more competitive pricing.

Multnomah was also one of the few counties where HOA dues declined, offering a small but notable affordability offset in a year where carrying costs remained top of mind for buyers. The slight improvement in the average sale‑to‑original‑list‑price ratio reinforces the picture of a segment that remained orderly and well‑priced, even as the broader market shifted toward more balanced conditions.

Overall, Multnomah’s attached‑home market in 2025 was defined by steady demand, a meaningful infusion of newer product, and pricing that moved upward without overheating—an environment that helped anchor the region’s overall performance.

The following table shows the geographic distribution of attached homes sales in Multnomah County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Fairview$366,808$232.37153.65%
Gresham$404,927$250.6713833.58%
Lake Oswego$559,760$247.0651.22%
Portland$502,040$333.4324659.85%
Troutdale$378,971$251.0071.70%
Avg/Sum$463,103$299.50411
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The city distribution inside Multnomah County shows a market anchored almost entirely by Portland and Gresham, which together account for more than 93% of all attached‑home sales in 2025. Portland represents nearly 60% of the county’s activity and continues to set the pricing tone. Its higher average price and significantly higher PPSF reflect closer‑in locations, infill townhome development, and a broader mix of attached product types. The size profile of Portland’s inventory adds important context: resales averaged 1,654 square feet, while new‑construction attached homes averaged 1,233 square feet. That gap helps explain why Portland’s PPSF remains elevated even as its average price sits between the region’s most expensive and most affordable cities. The newer product coming online is smaller and designed to meet buyers at a more attainable price point. Because all new construction outside Gresham occurred in Portland, this mix of smaller new units and larger resale units plays a direct role in shaping the countywide averages for age, size, and PPSF.

Gresham plays a very different but equally important role. It contributed 138 sales, representing more than a third of the county’s total, and delivered 105 new‑construction closings in 2025. That pipeline makes Gresham the county’s primary source of newer, larger, and more affordably priced attached homes. The size profile here moves in the opposite direction of Portland: new‑construction attached homes averaged 1,652 square feet, while resales averaged 1,543 square feet. The newer product is not only larger but also positioned at a lower price point, which helps explain Gresham’s lower average price and PPSF despite its substantial share of total sales. It is the part of the county where buyers can still find newer, larger homes at approachable price levels, and that affordability profile is a major reason Gresham continues to carry so much of the county’s volume.

Fairview, Troutdale, and Lake Oswego contribute only small numbers of sales, and their averages move around more because of their limited sample sizes. They do not materially influence the countywide trends, but they round out the picture of a county where the attached‑home market is highly concentrated in two cities with distinct roles. Portland drives pricing and sheer volume, while Gresham drives new‑construction activity and affordability. Together, they explain the shape and direction of Multnomah County’s attached‑home segment in 2025, and the size differentials between new and resale product in each city help clarify why the countywide metrics moved the way they did.

The following is a scatter plot of all Multnomah County sales in 2025 (sales price vs. date of sale):

Scatter plot showing individual home sales in Multnomah County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The scatter plot for Multnomah County shows why the county’s pricing metrics can rise year over year while PPSF still trends downward. The overall level of prices is higher than in 2024, and the upper half of the distribution remains well populated throughout the year. But the tilt in the cloud of points is unmistakable: the early‑year sales sit slightly higher on the vertical axis, while the later‑year sales settle into a lower band. That downward slope mirrors the modest softening seen in the regional charts and helps explain why PPSF declined even as average and median prices increased.

The pattern suggests that the market was still capable of producing higher‑end sales, but those sales were more common earlier in the year. As the year progressed, the mix shifted toward more mid‑range transactions, and the upper‑end outliers became less frequent. Because PPSF is sensitive to both price and size, this subtle change in the distribution is enough to pull the metric down even in a year where total dollar volume and average price moved higher.

Washington County 2025 Stats

Washington County is the largest attached‑home market in the region, accounting for over half of all attached‑home activity.

The table below summarizes key metrics for Washington County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$368.1 Million$393.4 Million+6.88%
Average Price$454,999$445,530-2.08%
Median Price$444,900$438,500-1.44%
Avg SP/OLP98.17%96.88%-1.31%
Avg PPSF (TSF)$298.25$289.02-3.09%
Avg HOA Dues$232.82$238.75+2.55%
Avg Age (Yrs)15.6115.30-1.95%
Avg CDOM53.6667.35+25.50%
Avg Total SF1,5461,562+1.06%
Total # of Sales809883+9.15%
# of New Constr.295393+33.22%
# of REOs13+200.00%
# of Short Sales01
Note: The calculated average HOA dues is for units reporting HOA dues (807 sales). All other metrics use the full dataset (393 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Washington County is the dominant attached‑home market in the region, accounting for 883 of the 1,646 attached‑home sales in 2025, or 53.65% of all activity. Total dollar volume rose to $393.4 million, an increase of $25.3 million from 2024, even though both the average and median prices declined slightly. The average price dipped to $445,530, and the median settled at $438,500, reflecting a shift in the mix and a softer demand environment. The county’s pricing metrics were likely influenced in part by the well‑publicized Intel layoffs, which introduced uncertainty into the westside employment base. Buyers facing job instability or reduced confidence are less likely to enter the market, and that dynamic can reduce upward pricing pressure even when sales volume remains strong.

Sales activity itself increased by 74 transactions, and new‑construction closings rose from 295 to 393, showing that supply continued to expand. But pricing softened across several indicators. The average sale‑to‑original‑list‑price ratio declined from 98.17% to 96.88%, and average PPSF fell from $298.25 to $289.02. Market times lengthened meaningfully, with average CDOM rising from 53.66 to 67.35 days. These shifts align with a market where buyers had more options, sellers had to price more competitively, and some households delayed purchases due to employment uncertainty.

The following table shows the geographic distribution of attached homes sales in Washington County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Beaverton$408,094$288.7320022.65%
Cornelius$411,946$271.49353.96%
Forest Grove$423,374$281.61394.42%
Hillsboro$455,385$287.3027531.14%
King City$378,550$309.58101.13%
North Plains$414,390$276.66202.27%
Portland$473,309$304.0415016.99%
Sherwood$420,754$278.29283.17%
Tigard$477,425$294.01879.85%
Tualatin$493,246$265.78394.42%
Avg/Sum$445,530$289.03883

The city‑level distribution shows how varied Washington County’s attached‑home segment is. Hillsboro and Beaverton together produced 475 sales, more than half of the county’s total. Hillsboro alone delivered 275 sales, including 175 new‑construction closings, making it the county’s largest source of new supply. Beaverton contributed 200 sales, with 29 of them new construction, and posted an average price of $408,094. The unincorporated portion of Washington County with a Portland address added 150 sales at an average of $473,309, and Tigard contributed 87 sales at $477,425. The remaining cities—Cornelius, Forest Grove, King City, North Plains, Sherwood, and Tualatin—each play smaller roles but collectively round out the county’s mix of attached‑home product.

New construction is central to understanding Washington County’s 2025 results. The county delivered 393 new‑construction sales, and those units averaged 1,631 square feet, compared to 1,507 square feet for resales. The size differential is consistent across most cities. Hillsboro’s new construction averaged 1,627 square feet, while its resales averaged 1,564. Tigard’s new construction averaged 1,685 square feet, compared to 1,597 for resales. Tualatin’s new construction averaged 1,900 square feet, while its resales averaged 1,653. These larger new units help explain why the countywide average square footage increased slightly even as prices softened. The age profile also reflects this dynamic: the average year built for new construction was 2025, while the resale stock averaged 1998, producing a blended countywide age of 15.30 years.

The PPSF patterns across cities align with the size and age mix. Portland, Tigard, and King City posted the highest PPSF figures—$304.04, $294.01, and $309.58, respectively—while Cornelius, Forest Grove, and Tualatin posted lower PPSF values tied to larger average sizes and newer construction. The countywide PPSF decline of $9.23 year over year reflects a shift toward larger, newer units and a softer demand environment rather than a broad price reset.

Overall, Washington County’s attached‑home market in 2025 was defined by expanding new‑construction activity, a modest softening in pricing metrics, and a meaningful increase in market times. As the region’s largest and most diverse attached‑home segment, Washington County’s mix of substantial new supply, shifting buyer sentiment, and employment‑related uncertainty explains nearly all of the year‑over‑year changes in price, PPSF, size, and CDOM.

The following is a scatter plot of all Washington County sales in 2025 (sales price vs. date of sale):

Scatter plot showing individual home sales in Washington County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The Washington County scatter plot shows a pattern that aligns closely with the county’s year‑over‑year pricing results. Prices are still capable of reaching the upper ranges, but the distribution of sales shifts noticeably as the year progresses. Early‑year transactions include more sales in the higher price bands, while the later months show a denser cluster in the mid‑range. That subtle downward tilt in the cloud of points mirrors the countywide decline in both average price and PPSF.

The shape of the scatter also reflects the softer demand environment that emerged during the year. Washington County absorbed a significant number of Intel‑related layoffs, and employment uncertainty tends to reduce the number of buyers willing to stretch into higher price tiers. Even though total sales increased to 883, the composition of those sales changed. Fewer upper‑end transactions later in the year, combined with a larger share of mid‑range new‑construction closings, naturally pulled the averages down.

This shift in the distribution helps explain why PPSF fell from $298.25 to $289.02 even as the county delivered 393 new‑construction units averaging 1,631 square feet. Larger new homes at mid‑range prices, paired with fewer late‑year high‑end sales, create exactly the kind of tilt visible in the scatter.

Taken together, the scatter reinforces the broader story: Washington County remained active and productive, but the momentum softened as the year went on, and the mix of sales shifted just enough to influence the countywide pricing metrics.

Clackamas County 2025 Stats

Clackamas County is the region’s third‑largest attached‑home market.

The table below summarizes key metrics for Clackamas County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$155.2 Million$146.0 Million-5.96%
Average Price$500,739$506,874+1.23%
Median Price$464,980$454,993-2.15%
Avg SP/OLP98.21%96.79%-1.45%
Avg PPSF (TSF)$297.67$288.54-3.07%
Avg HOA Dues$243.36$252.08+3.58%
Avg Age (Yrs)16.5917.75+7.03%
Avg CDOM69.8484.50+20.98%
Avg Total SF1,6931,747+3.21%
Total # of Sales310288-7.10%
# of New Constr.8474-11.90%
# of REOs01
# of Short Sales110.00%
Note: The calculated average HOA dues is for units reporting HOA dues (249 sales). All other metrics use the full dataset (288 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Clackamas County accounted for 288 of the 1,646 attached‑home sales in 2025, or 17.50% of all activity, and about 19.25% of total dollar volume at $146.0 million. Compared to 2024, total volume slipped by $9.2 million, and sales declined from 310 to 288, even as the average price edged up from $500,739 to $506,874. The median price moved the other direction, dipping from $464,980 to $454,993, which points to a subtle shift in the mix rather than a broad upward push in pricing. At the same time, the average sale‑to‑original‑list‑price ratio eased from 98.21% to 96.79%, average PPSF fell from $297.67 to $288.54, and average CDOM stretched from 69.84 to 84.50 days, all consistent with a market that required more negotiation and more time to get to closing.

The following table shows the geographic distribution of attached homes sales in Clackamas County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Canby$354,600$276.37144.86%
Clackamas$448,586$270.67144.86%
Damascus$402,873$244.02113.82%
Happy Valley$457,235$273.097325.35%
Lake Oswego$741,039$358.453411.81%
Milwaukie$464,130$260.87186.25%
Oregon City$450,318$263.42227.64%
Sandy$369,457$237.722910.07%
West Linn$533,103$285.32186.25%
Wilsonville$615,189$334.385017.36%
Other$479,800$279.3851.74%
Avg/Sum$506,874$288.55288
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The city‑level distribution shows how segmented the Clackamas attached‑home market is. Happy Valley is the clear volume anchor, with 73 sales and 25.35% of the county’s activity at an average price of $457,235. Wilsonville follows with 50 sales and 17.36% of the market at a much higher average price of $615,189 and an average PPSF of $334.38. Lake Oswego contributes 34 sales at the top of the price spectrum, with an average of $741,039 and the highest PPSF in the public table at $358.45. Sandy adds 29 sales at an average of $369,457, while Oregon City, Milwaukie, and West Linn each contribute between 18 and 22 sales, with average prices ranging from the mid‑$400,000s to the low‑$500,000s. Canby, Clackamas, and Damascus round out the core group with smaller shares and more moderate pricing. Together, these cities create a county profile that spans everything from more affordable suburban product to some of the region’s highest‑priced attached homes.

New construction plays a smaller but still important role in Clackamas than in Washington County. Countywide, new‑construction closings declined from 84 in 2024 to 74 in 2025. New‑construction activity was highly concentrated: Happy Valley delivered 49 new‑construction sales, Milwaukie added 16, and smaller numbers appeared in Lake Oswego, Molalla, Oregon City, West Linn, and Wilsonville. On average, new‑construction attached homes in Clackamas closed at $518,360, with an average size of 1,776 square feet and an average PPSF of $286.66. Resales, by comparison, averaged $502,902, 1,737 square feet, and $289.20 per square foot. The countywide averages—$506,874, 1,747 square feet, and $288.54 per square foot—sit right between those two cohorts, which is exactly what you would expect from a blend of slightly larger, newer units and a somewhat older resale stock. The average year built for resales is 2001 and 2025 for new construction, which translates to a combined average age of 17.75 years in the county summary.

Overall, Clackamas County’s attached‑home market in 2025 was defined by slightly higher average prices, softer PPSF, longer market times, and a modest pullback in both total sales and new‑construction volume. The county remains a meaningful share of the regional attached‑home segment, offering a wide range of price points and product types, from more affordable options in places like Canby, Sandy, and Damascus to high‑end attached homes in Lake Oswego and Wilsonville that sit near the top of the regional price spectrum

The following is a scatter plot of all Clackamas County sales in 2025 (sales price vs. date of sale):

Scatter plot showing individual home sales in Clackamas County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The Clackamas County scatter plot shows a distribution that aligns closely with the county’s year‑over‑year results. Prices remain capable of reaching the upper ranges—including a handful of sales above the one‑million‑dollar mark—but the bulk of activity sits between the mid‑$300,000s and the mid‑$600,000s. What stands out is the subtle shift in the mix as the year progresses. Early‑year sales include more transactions in the higher price bands, while the later months show a denser cluster in the middle of the range. That tilt in the cloud of points mirrors the countywide decline in PPSF from $297.67 to $288.54, even as the average price increased slightly to $506,874.

The scatter also reflects the broader softening visible in the county’s other metrics. Market times lengthened to 84.50 days, the sale‑to‑original‑list‑price ratio eased to 96.79%, and total sales slipped from 310 to 288. Fewer upper‑end transactions later in the year, combined with a modest reduction in new‑construction closings, naturally pull the averages down and help explain why PPSF declined despite a small increase in average square footage.

Taken together, the scatter reinforces the same theme present throughout the Clackamas section: the market remained active and capable of producing higher‑end sales, but the momentum softened as the year went on, and the composition of sales shifted just enough to influence the countywide pricing metrics.

Yamhill County 2025 Stats

Yamhill is a largely rural county and consequently had less than 2% of the attached home sales volume.

The table below summarizes key metrics for Yamhill County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$12.47 Million$10.16 Million-18.47%
Average Price$389,559$390,922+0.35%
Median Price$397,500$379,305-4.58%
Avg SP/OLP96.54%97.22%+0.70%
Avg PPSF (TSF)$276.62$294.25+6.37%
Avg HOA Dues$108.16$125.12+15.69%
Avg Age (Yrs)24.2527.96+15.31%
Avg CDOM64.8457.85-10.79%
Avg Total SF1,4541,370-5.74%
Total # of Sales3226-18.75%
# of New Constr.30-100.00%
# of REOs10-100.00%
# of Short Sales10-100.00%
Note: The calculated average HOA dues is for units reporting HOA dues (14 sales). All other metrics use the full dataset (26 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Yamhill County is a very small slice of the regional attached‑home market, with 26 sales in 2025, or 1.58% of all attached‑home transactions and about 1.34% of total dollar volume at $10.16 million. With such a limited sample, year‑over‑year changes need to be read cautiously, but a few patterns are still clear. Total sales fell from 32 to 26, and volume declined by about $2.3 million, yet the average price held essentially flat at $390,922, and the median price slipped to $379,305. At the same time, average PPSF increased from $276.62 to $294.25, average size declined from 1,454 to 1,370 square feet, and average CDOM improved from 64.84 to 57.85 days, suggesting that the smaller number of sales that did occur tended to be slightly smaller, higher‑priced on a per‑square‑foot basis, and reasonably well absorbed.

The following table shows the geographic distribution of attached homes sales in Yamhill County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Dayton$334,500$273.0627.69%
McMinnville$419,444$295.671453.85%
Newberg$363,050$303.01830.77%
Sheridan$375,000$217.7713.85%
Yamhill$343,375$323.3313.85%
Avg/Sum$390,922$294.2626
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The city breakdown underscores how concentrated the activity is. McMinnville accounts for 14 of the 26 sales at an average price of $419,444 and an average PPSF of $295.67, while Newberg adds 8 sales at $363,050 and $303.01 per square foot. Dayton contributes 2 sales, and Sheridan and Yamhill each contribute 1, with averages that can move significantly based on a single transaction. Across the county, the average year built is 1997, the average home size is 1,370 square feet, and there were no new‑construction closings in 2025, so all of the metrics reflect a purely resale market.

The following is a scatter plot of all Yamhill County sales in 2025:

Scatter plot showing individual home sales in Yamhill County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The Yamhill County scatter plot reflects the realities of a very small market, where individual transactions can influence the yearly metrics more than in larger counties. Most sales cluster between the low‑$300,000s and the mid‑$400,000s, with only a few points extending above that range. The distribution remains relatively steady throughout the year, without a pronounced early‑year or late‑year tilt, which is consistent with the county’s stable average price of $390,922 and the modest decline in median price. With no new‑construction closings in 2025, every point on the chart represents resale activity.

Overall, the scatter reinforces the same theme present in the county tables: Yamhill’s attached‑home segment is small, steady, and shaped more by the specific properties that come to market than by large‑scale trends.

Columbia County 2025 Stats

Columbia is a largely rural county and therefore had little of the attached home sales volume.

The table below summarizes key metrics for Columbia County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$3.71 Million$8.42 Million+127.06%
Average Price$412,222$366,253-11.15%
Median Price$385,000$370,000-3.90%
Avg SP/OLP98.39%95.72%-2.72%
Avg PPSF (TSF)$262.59$254.94-2.91%
Avg HOA Dues$118.33$21.25-82.04%
Avg Age (Yrs)17.4416.52-5.29%
Avg CDOM54.7858.74+7.23%
Avg Total SF1,5701,451-7.56%
Total # of Sales923+155.56%
# of New Constr.04
# of REOs00
# of Short Sales00
Note: The calculated average HOA dues is for units reporting HOA dues (2 sales). All other metrics use the full dataset (23 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Columbia County’s attached‑home market is still very small in absolute terms, but it was noticeably more active in 2025. The county recorded 23 sales, up from 9 the prior year, which works out to 1.40% of all attached‑home sales in the region and about 1.11% of total dollar volume at $8.42 million. Because the 2024 baseline was so low, the jump in volume and sales count produces large percentage increases, even as the average price moved down from $412,222 to $366,253 and the median price slipped to $370,000. Average PPSF edged down to $254.94, the sale‑to‑original‑list‑price ratio softened to 95.72%, and average CDOM rose slightly to 58.74 days, all consistent with a market that had more activity but also required a bit more flexibility from sellers.

The following table shows the geographic distribution of attached homes sales in Columbia County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Columbia City$505,000$336.2214.35%
Rainier$352,500$282.21417.39%
Scappoose$404,051$237.18417.39%
St. Helens$349,472$246.431460.87%
Avg/Sum$366,253$254.9523

Most of the county’s attached‑home sales occurred in St. Helens, which accounted for 14 of the 23 closings at an average price of $349,472. Rainier and Scappoose each added 4 sales, and Columbia City contributed a single transaction at a higher price point of $505,000. New construction appeared in the segment, with 4 new‑construction closings split between Rainier and St. Helens, but the market remains predominantly resale. With such a small sample, individual projects and one‑off sales can move the averages more than in the larger counties, so the Columbia County figures are best read as a snapshot of activity rather than a definitive trend.

The following is a scatter plot of all Columbia County sales in 2025:

Scatter plot showing individual home sales in Columbia County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The Columbia County scatter plot reflects a small but more active market in 2025. With only 23 sales, each transaction has a noticeable influence on the overall pattern, and the chart shows a fairly even spread of prices throughout the year. Most sales cluster between the mid‑$200,000s and the mid‑$400,000s, with a few points extending above that range. There isn’t a clear early‑year or late‑year shift, which aligns with the county’s average price of $366,253 and the modest change in median price.

The appearance of a few new‑construction sales is visible in the upper portion of the scatter, but the market remains predominantly resale, and the distribution largely reflects the specific homes that happened to close rather than any broader trend. The slight increase in market times and the softer sale‑to‑list‑price ratio are consistent with what the chart shows: steady activity, modest variability, and no pronounced directional movement.

Overall, the scatter simply illustrates a small segment that became more active in 2025 without showing a strong price trajectory in either direction.

Hood River County 2025 Stats

Hood River is a largely rural county and therefore had little of the attached home sales volume.

The table below summarizes key metrics for Hood River County attached single-family residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$6.65 Million$10.11 Million+52.04%
Average Price$738,981$674,147-8.77%
Median Price$645,000$650,000+0.78%
Avg SP/OLP96.70%92.90%-3.93%
Avg PPSF (TSF)$433.30$354.77-18.12%
Avg HOA Dues$118.04$103.68-12.17%
Avg Age (Yrs)8.3313.80+65.60%
Avg CDOM34.8981.33+133.12%
Avg Total SF1,7471,902+8.88%
Total # of Sales915+66.67%
# of New Constr.20-100.00%
# of REOs00
# of Short Sales00
Note: The calculated average HOA dues is for units reporting HOA dues (7 sales). All other metrics use the full dataset (15 sales).
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Hood River County is a tiny but high‑priced slice of the attached‑home market, with 15 sales in 2025—about 0.91% of regional transactions and 1.33% of total dollar volume at $10.11 million. Compared to 2024, both sales count and volume increased (from 9 to 15 closings and from $6.65 million to $10.11 million), but the average price moved down from $738,981 to $674,147, while the median price held essentially flat at $650,000. Average PPSF declined from $433.30 to $354.77, average size increased to 1,902 square feet, and average CDOM more than doubled to 81.33 days, all consistent with a small market that saw more, larger sales but required more time and negotiation to get them closed.

The following table shows the geographic distribution of attached homes sales in Hood River County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Cascade Locks$414,640$235.65533.33%
Hood River$803,900$414.331066.67%
Avg/Sum$674,147$354.7715
Single-Family Attached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Activity is split between just two locations. Hood River accounts for 10 of the 15 sales at an average price of $803,900 and an average PPSF of $414.33, while Cascade Locks contributes 5 sales at a much lower average price of $414,640 and $235.65 per square foot. There were no new‑construction closings in 2025, so all of the metrics reflect resale activity. With such a limited sample, the county’s figures are best read as a snapshot of what happened to sell in a given year rather than a definitive statement about long‑term trends.

The following is a scatter plot of all Hood River County sales in 2025 (sales price vs. date of sale):

Scatter plot showing individual home sales in Hood River County during 2025. Each dot represents a closed sale, plotted by date on the x-axis and price on the y-axis. The data is sourced from RMLS.

The Hood River County scatter plot reflects a small but active segment, with 15 sales spread fairly evenly across the year. Most transactions fall between the mid‑$400,000s and the mid‑$900,000s, with a few higher‑priced outliers that are typical for this market. The distribution doesn’t show a pronounced early‑year or late‑year shift, which aligns with the county’s stable median price of $650,000 and the modest decline in the average.

Because all 2025 activity was resale and the sample size is limited, the scatter mainly illustrates the mix of properties that happened to close rather than a directional trend. The wider range of prices compared to the other small counties is consistent with Hood River’s higher overall price structure, but the chart itself remains steady and without a clear slope.

Overall, the scatter simply reinforces the nature of this segment: small, high‑priced, and shaped more by individual transactions than by broad market movement.

Closing Thoughts

Taken together, the 2025 attached‑home markets across the Portland Region tell a consistent story. Activity remained steady, but the momentum softened as the year went on, and most counties saw some combination of longer market times, lower sale‑to‑list ratios, and modest shifts in pricing. New construction played an outsized role in Washington and Clackamas Counties, while the smaller counties moved largely on the strength of whatever resale inventory happened to come to market. Prices didn’t collapse, but they also didn’t accelerate—instead, the region settled into a more balanced posture, shaped by higher inventory, more negotiation, and a clearer separation between early‑year and late‑year conditions.

The scatter plots reinforce this broader theme: the market was functional and capable of producing higher‑end sales, but the distribution of those sales changed over the course of the year. Some counties saw a tilt toward mid‑range transactions, others simply reflected their small sample sizes, and the larger counties showed the gradual easing that defined the regional trend.

Overall, 2025 was a year of normalization. The market remained active, but buyers had more room to move, sellers had to price with greater precision, and the data across all six counties points to a landscape that is stable, slower, and more sensitive to mix than in the years that preceded it.

What trends do you expect to see in 2026? I’d love to hear your thoughts—feel free to reply here or reach out directly.

Sources & Further Reading

All data presented in this annual review is sourced directly from RMLS and has been subjected to my rigorous cleaning and validation process to ensure reliability for single-family attached residential analysis in the six-county Portland Region. The trends, comparisons, and commentary are the result of original appraisal expertise and independent analysis—not aggregated from secondary sources or news summaries.

Coda

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The 2025 Portland Region Condominium Housing Market in Review

The 2025 Portland Region condo market softened modestly, with median prices down -3.0% to $325,000 and CDOM up +32% to 102 days. The region recorded 2,351 sales, with urban Portland accounting for 61% of activity. Rising HOA dues (+13%) and high rates increased pressure on buyers. Detailed analysis, histograms, county breakdowns, appraisal insights, and more.

Image of Portland downtown area at dusk with Mt. Hood in the background.
The Portland Skyline at dusk with the majestic Mount Hood in the distance.
Via Canva Pro

The Portland-area condominium market in 2025 continued its multi-year softening trend, with average and median prices down modestly year-over-year.

Higher interest rates remained a persistent constraint on purchasing power, while rising HOA dues in many complexes increased the effective monthly payment burden. These combined pressures made qualification more challenging and prompted greater selectivity among active buyers—some deferred purchases, waited for concessions, or walked from listings with elevated carrying costs.

Despite these headwinds, the condo segment as a whole stayed moderately affordable relative to the HUD MSA median household, and total sales volume declined only modestly year-over-year. The more telling indicators of shifting dynamics were the continued rise in average months of supply and the substantial increase in cumulative days on market—both pointing to reduced urgency and a more buyer-favored environment, particularly in areas with long-term oversupply such as the Pearl District and Portland Downtown neighborhoods .

While the condo market has been battered over the last few years, it continues to function. Units are getting sold—just taking longer—so this is not a story of panic, but one of measured adjustment to sustained challenges.

Table of Contents

Data Housekeeping

The Portland Region in this update comprises the six Oregon counties of Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill. These counties form a contiguous housing ecosystem centered on Portland—Multnomah as the core home county, with the others tightly integrated through commuting patterns, economic ties, and shared market dynamics (e.g., Yamhill’s strong connection via Highway 99W and wine-country adjacency). Beyond Yamhill, the MLS system changes, further distinguishing this six-county area from broader geographic aggregations. For a detailed overview—including county profiles, population data, key value influencers, and why this definition differs from the official seven-county Portland–Vancouver–Hillsboro MSA—see my dedicated page: The Portland Region – Six-County Market Area Overview.

Colored map of the six counties comprising the Portland Region: Clackamas, Columbia, Hood River, Multnomah, Washington, and Yamhill.
The six-county Portland Region
Via SunCatcherStudio

All data is sourced from RMLS and reflects open-market condominium residential sales. SNL (“Sold Not Listed”) entries—off-market transactions entered retroactively—have been excluded to preserve consistency with true market activity.

Since condominium is an ownership type and not necessarily a description of style, a strict examination was made of all other major single-family housing types in RMLS (detached homes, attached homes, and manufactured homes on owned land) and any condominium sales found in those segments were aggregated into this review. All figures underwent standard cleaning to address common RMLS accuracy challenges, including square footage/price typos, incomplete fields, status/date mismatches, and non-representative entries. For a detailed overview of these issues, their impact on market analysis, and mitigation through automated flagging, cross-verification, and manual review, see the dedicated page: RMLS Data Accuracy Challenges.

Portland Region 2025 Overview

2025 saw a continuation of erosion in condo prices, with a substantial increase in the time it takes a condo unit to sell. Higher interest rates and rising HOA dues in many complexes compounded affordability pressures, making monthly payments more burdensome and prompting greater buyer selectivity.

Overall Regional Trends

The table below summarizes key metrics for condominium residential sales in the Portland Region (Columbia, Clackamas, Hood River, Multnomah, Washington, and Yamhill counties) for 2025 compared with 2024.

Category20242025% Change
Total $ Volume$912.4 Million$873.5 Million-4.26%
Average Price$376,101$371,576-1.20%
Median Price$334,900$325,000-2.96%
Avg SP/OLP95.56%94.00%-1.63%
Avg PPSF (TSF)$337.57$325.78-3.49%
Avg HOA Dues$439.75$497.10+13.04%
Avg Age (Yrs)30.9131.67+2.44%
Avg CDOM77.68102.45+31.88%
Avg Total SF1,1331,153+1.79%
Total # of Sales2,4262,351-3.09%
# of New Constr.449385-14.25%
Avg Supply (Mos.)5.626.74+19.82%
# of REOs1424+71.43%
# of Short Sales18+700.00%
Note: The calculated average HOA dues is for units reporting HOA dues (2,271 sales). All other metrics use the full dataset (2,351 sales).
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Key Observations From the Aggregate Data

The 2025 Portland Region condominium market exhibited clear signs of continued softening, though the declines remained gradual and contained rather than abrupt. Buyer leverage increased noticeably compared to 2024, despite persistently elevated interest rates and rising HOA dues that amplified monthly payment pressures. While the segment retained moderate affordability relative to the HUD MSA median household, the combination of these factors contributed to extended marketing times, higher inventory levels, and greater price concessions across many transactions.

  • Average and median sales prices declined modestly year-over-year (-1.2% average to $371,576; -3.0% median to $325,000), reflecting buyer selectivity rather than widespread distress.
  • Price per square foot (PPSF) fell -3.5% to $325.78—a more direct indicator of price erosion in the condo segment, where size distribution is tight and PPSF declines are not driven by compositional shifts toward larger units (as often seen in detached homes).
  • Cumulative days on market (CDOM) increased substantially (+31.9% to 102.45 days average), with the monthly CDOM comparison showing 2025 consistently higher than 2024 in nearly every month—a clear signal of reduced urgency for some and greater qualification difficulty for others, resulting in prolonged exposure for sellers.
  • Months of supply rose +19.8% to 6.74 months average—firmly in buyer-favored territory for most of the year, peaking at 8.91 months in June during softer volume periods.
  • Total sales volume dipped only modestly (-3.1% to 2,351 units)—the decline was concentrated in suburban counties (Washington -7.5%, Clackamas -14%), while Multnomah (Portland core) held relatively steady (+0.65%).
  • New construction volume fell -14.3% to 385 units, almost entirely in Multnomah County (96% share), with suburban new supply dropping sharply (Clackamas -64%, Washington -58%)—limiting fresh inventory and contributing to resale reliance.
  • Average monthly HOA dues rose +13.0% to $497.10—the sharpest annual increase in recent years, with intensity (HOA per SF) highest in urban Multnomah ($0.463/SF) and resort-adjacent Hood River ($0.456/SF), further squeezing affordability from a payment perspective.
  • The market remained heavily urban-concentrated: the City of Portland alone accounted for approximately 61% of regional sales, with the Big Three counties (Multnomah, Washington, Clackamas) representing 98.9% of total volume—underscoring that condo activity is fundamentally a Portland-core story.
  • Persistent long-term oversupply in key urban submarkets (Pearl District, Portland Downtown ) continued to amplify selectivity, while rural counties (Yamhill, Columbia, Hood River) saw negligible activity, consistent with limited demand and condo availability in those areas.

Portland Region Scatter Plots

To visualize the distribution of individual condominium sales prices across 2025, the following scatter plots show sales price against date of sale. The first graph displays the full range of transactions, while the second focuses on the $800k or less range.

The full time-series view of sales prices across 2025 reveals a market that remained active throughout the year without any significant upward momentum or late-year collapse.

High-end transactions above $1 million occurred sporadically—a thin but persistent tail reflecting continued demand for premium urban and luxury units—yet these outliers were rare relative to the overall volume. The vast majority of sales clustered well below $800,000, confirming the mid-tier focus of the Portland Region condo market in 2025. The absence of a clear ascending trend across the months aligns with the modest price erosion observed in the aggregate data and underscores how elevated interest rates, rising HOA dues, and buyer selectivity tempered any meaningful appreciation, even as closings continued at a steady pace.

Zooming in on sales priced at $800,000 or less—which account for the overwhelming majority of 2025 transactions—reveals a dense, horizontal band of activity that persisted throughout the year with a noticeable downward momentum:

The core cluster remained concentrated in the $200,000–$600,000 range across all months, reflecting the mid-tier focus that defines the Portland Region condo market. While volume fluctuated seasonally (stronger in spring and summer, softer in fall and winter), prices for the bulk of the market showed a steady gradual decline. This downward drift becomes more evident when viewed through the lens of price per square foot, where the year-long trend reveals consistent softening even within the representative price band.

The time-series view of PPSF across 2025 reveals a clear downward tilt in the fitted trendline, confirming that price per square foot softened steadily over the course of the year.

The dense core of transactions clustered between approximately $200 and $500 PSF for most of the period, with early-2025 sales tending to occupy the higher portion of that band and later sales shifting progressively lower. This gradual erosion in PPSF aligns with the modest decline observed in overall average PPSF (-3.5% year-over-year to $325.78). Unlike detached homes, where PPSF declines can sometimes stem from compositional shifts toward larger units, the tight size distribution in condos makes this PPSF trend a more direct indicator of genuine price softness throughout the market.

Bottom-line Summary

The 2025 Portland Region condominium market reflected a continuation of gradual softening that has characterized the segment in recent years. Prices declined modestly overall, with average and median figures down year-over-year, while time-on-market metrics lengthened substantially and inventory levels rose into clearly buyer-favored territory. Rising HOA dues and persistently high interest rates amplified monthly payment pressures, narrowing buyer pools and increasing selectivity—particularly in complexes with elevated carrying costs. Yet the market remained functional: transactions continued at a steady pace, volume held relatively close to the prior year, and affordability persisted at a moderate level relative to the HUD MSA median household. This was not a collapse, but a measured shift toward conditions favoring buyers, with the most pronounced effects visible in extended marketing times, higher months of supply, and selective pricing behavior across the region.

Sales Volume

A treemap visualizing the distribution of condominium sales by county in 2025 clearly illustrates the market’s geographic concentration.

The distribution of condo sales volume across the Portland Region in 2025 reveals extreme concentration in the urban core and immediate suburbs, with the three major counties accounting for nearly 99% of all transactions.

Multnomah County—encompassing the City of Portland and its immediate surroundings—dominated with 66.2% of regional sales (1,556 units), underscoring that the metro condo market is fundamentally an urban Portland story. Washington County followed at 22.7% (534 units), while Clackamas County contributed 10.0% (234 units). The remaining three counties (Columbia, Hood River, and Yamhill) combined for just 1.15% of volume (27 units total), reflecting the limited presence of condominium inventory in more rural and outer areas. This geographic skew highlights how condo demand remains anchored to denser, amenity-rich and walkable locations.

The following bar chart shows monthly sales volume for 2025:

Monthly sales volume in 2025 followed a recognizable seasonal rhythm, though the pattern was somewhat muted compared to more family-driven segments like detached single-family homes.

Activity started modestly in January (150 sales), built steadily through spring (peaking at 231 sales in April), and reached the year’s high in August (239 sales)—a classic spring-to-summer strength seen in many residential markets. Volume then tapered noticeably in fall and winter, with November marking the low point (148 sales) before a slight December rebound (189 sales).

The overall monthly range (148–239 sales) reflects a market that remained functional and active year-round, without the sharp seasonal swings or deep troughs often observed in detached homes. This steadier flow is consistent with a buyer base less constrained by school calendars—including singles, young couples, downsizers, and retirees—and underscores that while some affordability pressures and selectivity were present, the condo segment did not experience dramatic seasonal shutdowns.

The line graph below compares monthly sales volume across the twelve months for 2024 and 2025.

The year-over-year comparison of monthly sales volume reveals that 2025 closely tracked the seasonal pattern established in 2024, with no fundamental disruption to the typical residential rhythm, yet the overall level remained slightly lower.

Both years showed a spring buildup (March–April highs), sustained summer activity (July–August), and a fall/winter taper (November lows), consistent with broader market behavior. In 2025, the peak occurred in August (239 sales) rather than April (231), and summer months actually outperformed 2024 in July and August, while the late-year decline was more pronounced in November (148 vs. 201). The net result was a modest 3.1% reduction in total annual sales (2,351 vs. 2,426), indicating a market that continued to function steadily.

Sales Price

The following bar chart shows average monthly sales price for 2025:

Note: The y-axis starts at $330,000 to allow better examination of monthly differences.

Monthly average sales prices in 2025 remained remarkably stable across the year, fluctuating within a relatively narrow band of approximately $360,000 to $385,000.

The highest monthly average occurred in July ($384,196), while the lowest came in August ($359,556)—coinciding with the year’s peak volume month. Prices trended upwards until July and then trended downwards for the rest of the year. This overall flatness aligns with the modest year-over-year decline in average price (-1.2% to $371,576).

The line graph below compares average monthly sales prices across the twelve months for 2024 and 2025.

The year-over-year comparison of monthly average sales prices shows 2025 prices tracking closely with 2024 throughout most of the year, with no dramatic divergence or sustained downward break. Zooming in we have:

Note: The y-axis starts at $340,000 to allow better examination of monthly differences.

Both years fluctuated within a similar overall range (roughly $350,000–$390,000), reflecting the condo segment’s relative price stability. Early 2025 prices started near 2024 levels (January slightly higher, February and March lower), held steady through spring and summer (July nearly identical at ~$384,000), and ended the year modestly higher in December ($376,584 vs. $356,771). Noticeable softening appeared in August 2025 ($359,556 vs. $370,187), but the lack of a consistent or accelerating decline across months aligns with the modest overall annual drop (-1.2% average price to $371,576). This pattern reinforces that while buyer selectivity and carrying-cost headwinds were present, the market did not experience sharp or broad-based price erosion relative to the prior year.

New Construction

The bar graph below shows monthly total condominium sales for 2025, with new construction volume nested within each bar to illustrate the portion of sales that were newly built.

New construction provided a meaningful but uneven contribution to monthly sales volume in 2025, accounting for 16.4% of total transactions (385 out of 2,351 units) and following a clear seasonal cadence.

The share of new construction peaked in late winter and early spring (February–March ~26–28%), when fresh deliveries aligned with stronger buyer activity. It then declined sharply through summer and early fall (August–September dropping to ~7–9%), reflecting reduced project closings during the year’s highest total volume month (August 239 sales). A modest rebound occurred in late fall (October 15.3%), but the overall pattern shows new supply was front-loaded and tapered significantly in the second half of the year.

This uneven distribution meant resale inventory bore more absorption pressure during peak demand periods. The decline in new construction volume from 2024’s 449 units (-14.3%) limited buyers’ options for fresh supply.

The bar graph below shows the number of new construction closings by county, with side-by-side bars for 2024 and 2025.

New construction activity in 2025 remained overwhelmingly concentrated in Multnomah County, which accounted for 96.1% of all new condo units delivered (370 out of 385 total).

This extreme urban dominance reflects the ongoing focus of new development in Portland’s core and inner neighborhoods, where density, transit access, and demand for urban living support higher-rise and infill projects. Suburban counties saw significantly reduced new supply: Clackamas dropped -63.6% (22 to 8 units), Washington fell -58.3% (12 to 5 units), and Columbia had 1 in 2024 and none in 2025. Hood River contributed a small increase (0 to 2 units), but the absolute number remained negligible, while Yamhill had zero in both years.

The regional decline of -14.3% in new units (from 449 to 385) reduced fresh inventory overall, slightly shifting absorption pressure toward resale stock. Despite fewer new deliveries in 2025, months of supply remained elevated and cumulative days on market increased sharply—indicating that resale softness and buyer selectivity outweighed the limited relief from reduced new supply.

The table below shows new construction sales volume by dollar amount for 2025 compared with 2024.

County2024 $ Amount2025 $ Amount% Change% of Total 2025 $ Amount
Clackamas$8,228,570$4,222,200-48.69%0.48%
Columbia$200,000$0-100.00%0.00%
Hood River$0$1,178,0000.13%
Multnomah$150,445,729$136,647,060-9.17%15.64%
Washington$6,317,967$2,532,998-59.91%0.29%
Yamhill$0$00.00%
Sum$165,192,266$144,580,258-12.48%16.55%
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

The following double bar chart provides the above information at a glance.

In dollar terms, new construction volume declined 12.5% regionally to $144.6 million in 2025 (from $165.2 million in 2024), reflecting both fewer units delivered and shifts in average pricing among the new supply that did close.

Multnomah County again dominated, accounting for 94.5% of the total new construction value ($136.6 million in 2025, down 9.2% from 2024). This near-total concentration in the urban core mirrors the unit volume pattern and highlights the ongoing focus of new development in Portland’s denser, higher-value neighborhoods. Suburban counties experienced steeper value reductions: Clackamas fell 48.7% ($8.2M to $4.2M), Washington declined 59.9% ($6.3M to $2.5M), and Columbia dropped to zero from $200,000 in 2024. Hood River contributed a small $1.18 million in 2025 (from zero the prior year), while Yamhill remained at zero.

The sharp suburban pullback in new construction dollars limited fresh inventory outside the city, placing additional absorption pressure on existing resale stock.

Cumulative Days on Market

The bar chart below compares average cumulative days on market (CDOM) throughout 2025.

Monthly average cumulative days on market in 2025 followed a seasonal pattern that was both pronounced and persistent, with clear winter highs and summer lows.

CDOM started the year at its peak (January 130.22 days), reflecting slower winter activity, then improved steadily through spring and early summer (April low of 90.41 days, July low of 83.67 days)—coinciding with stronger volume periods. Marketing times lengthened again in late summer and fall (August 99.90, October 105.82, November high of 119.36 days), before easing slightly in December (106.27 days).

The overall range (83–130 days) and sustained elevation (only two months below 90 days) underscore a market where buyer selectivity remained strong year-round. Even during traditionally faster periods, average CDOM stayed well above 2024 levels, contributing to the annual increase of +31.9% to 102.45 days and reflecting the ongoing impact of high interest rates, rising HOA dues, and a more cautious buyer pool.

The bar chart below compares cumulative days on market for 2024 and 2025.

The year-over-year monthly comparison of average cumulative days on market reveals a dramatic and consistent widening of marketing times in 2025 compared to 2024, with increases ranging from 19% to 132% across nearly every month.

In 2024, CDOM remained relatively low and stable (mostly 50–70 days, with a modest rise in fall/winter), reflecting a more balanced market. In 2025, the curve shifted sharply upward: January soared to 130 days (+132% from 56), March reached 112 days (+128% from 49), and even the summer low in July (84 days) was +66% above 2024’s 50 days. Late-year months showed the smallest relative gap (December +19% to 106 days), but the overall elevation persisted. This broad-based increase across the calendar—with no month showing shorter times in 2025—signals significantly reduced buyer urgency and greater qualification difficulty, resulting in prolonged exposure for sellers and a more pronounced buyer-favored environment than in the prior year.

Housing Supply

Months of supply (MOS) represents the number of months it would take to absorb current active inventory at the prevailing sales pace, assuming no new listings enter the market. The following bar chart shows MOS by calendar month for 2025:

Months of supply in 2025 remained elevated throughout the year, averaging 6.74 months and reflecting a consistently buyer-favored market.

MOS started high in January (7.70 months), dipped slightly in spring (March–April ~5.9–6.0 months) during stronger volume periods, then climbed to a peak in June (8.91 months)—coinciding with the year’s lowest sales volume. Supply eased modestly in late summer (August 6.06 months) but stayed above 6 months in most remaining months, ending the year lower in December (5.01 months) amid year-end closings and listing cancellations.

The sustained elevation (above 6 months in 8 of 12 months) and mid-year peak underscore persistent absorption challenges, even as seasonal volume patterns persisted. This buyer-leaning inventory environment, up +19.8% from 2024’s 5.62 months average, contributed to greater buyer leverage, longer marketing times, and increased pressure on sellers to offer concessions throughout the year.

The line graph below compares monthly months of supply for 2024 (blue line) and 2025 (red line), with a full y-axis scale to show true proportional differences:

The year-over-year comparison of months of supply shows a clear and consistent upward shift in 2025, with the line remaining above 2024 levels in nearly every month and the annual average rising from 5.62 to 6.74 months (+19.8%).

In 2024, MOS fluctuated in a more balanced range (mostly 4.3–7.2 months), dipping to tighter levels in spring (March–April ~4.3–4.4 months) during stronger absorption periods. In 2025, supply started higher (January 7.70 vs. 6.21), peaked sharply in June (8.91 vs. 5.87), and stayed elevated through most of the year (above 6 months in 8 of 12 months). The only convergence occurred in late summer and December, where 2025 dipped closer to or slightly below 2024 levels (August 6.06 vs. 6.18, September 6.99 vs. 7.22, December 5.01 vs. 5.11).

This persistent elevation in 2025—particularly the mid-year spike—confirms a more buyer-favored inventory environment overall, even with some late-year relief from stronger closings.

HOA Dues

The bar chart below compares average monthly HOA dues (for reporting sales) for 2024 and 2025:

Average monthly HOA dues increased in most counties in 2025, with the regional figure rising 13.0% from $439.75 to $497.10—a sharper annual jump than the more gradual increases observed in 2024.

Multnomah County saw the largest dollar increase (+$64.56 to $513.20, +14.4%), reflecting higher costs in urban high-rise and mid-rise buildings with greater amenity and insurance burdens. Washington County rose +11.0% to $455.74, while Clackamas increased +6.8% to $497.14.

In the smaller counties, reported increases were noted in Hood River (+23.9% to $478.60) and Yamhill (+38.9% to $408.00), while Columbia showed a -22.7% decline to $227.50. These figures should be interpreted cautiously due to the very small sample sizes (5–15 sales per county), where HOA dues are often influenced by factors such as the size of the unit sold, the specific complex’s reserve status, or insurance allocations for that building.

This widespread upward pressure on HOA dues—particularly pronounced in urban and resort-adjacent areas—influenced affordability qualifications from a monthly payment perspective, contributing to the lengthening cumulative days on market.

Histograms

Histograms offer a unique and powerful perspective on the condominium market that traditional summary statistics and bar charts cannot fully capture: they reveal the underlying shape, spread, and clustering of the data, exposing patterns, skewness, tails, and bifurcations that averages and medians alone obscure.

While tables and trend lines show central tendencies and directional changes, histograms display the actual distribution of values—how many sales fall in each price band, how concentrated or dispersed PPSF is, where the bulk of CDOM accumulates, and how HOA dues are skewed. This distributional view highlights market segmentation (e.g., low-dues “winners” vs. high-dues “losers”), buyer selectivity (long tails in CDOM), and pricing dynamics (left shoulders in SP/OLP) in ways that are immediately visible and intuitive. The histograms illustrate these shapes for the 2025 Portland Region condo market, providing deeper insight into the forces driving the observed softening and buyer-favored conditions.

The following histogram shows the distribution of sales price as a percentage of original list price in 2025:

The distribution of sale price as a percentage of original list price in 2025 reveals a market where sellers generally achieved strong realization on well-priced listings, yet a substantial portion required meaningful concessions to close.

The histogram shows a sharp peak in the 98.0%–99.9% bin (586 sales, 24.9% of total), indicating that realistic pricing prevailed and many condos moved efficiently once listed correctly. Nearly a quarter of transactions closed at or very near full original asking—a sign of disciplined seller expectations and solid demand for properly positioned units.

However, the pronounced left shoulder—with nearly half of sales (49.3%) below 96%—is particularly telling. This meaningful volume of transactions highlights buyer leverage in a notable subset of cases, often tied to red flags such as high or rising HOA dues, special assessments, financing hurdles, condition issues, or over-optimistic initial pricing. The thin right tail (only 11.7% at or above 100%) further confirms the scarcity of true bidding wars in the condo segment.

Overall, the shape reflects a buyer-favored but not collapsed market: sellers still commanded close to asking in most cases when priced realistically, but the fat left shoulder underscores condo-specific frictions amplifying negotiation power and concessions.

The following histogram shows the distribution of sales prices of condo units in 2025:

The distribution of sales prices in 2025 shows a strongly right-skewed pattern, with the overwhelming majority of transactions concentrated in the mid-tier price bands that define the Portland Region condo market.

The histogram reveals a clear double peak: the highest concentration in the $225,000–under-$300,000 range (626 sales, 26.6% of total), closely followed by $300,000–under-$375,000 (622 sales, 26.5%). Together, these two bins capture more than half of all sales (53.1%), underscoring the dominance of affordable to moderately priced units. The cumulative share below $450,000 reaches 81.2%, confirming that the vast majority of condo activity remained accessible to a broad range of buyers. This mid-tier hump aligns with the typical buyer profile in the region (first-time buyers, downsizers, young couples, and investors seeking entry-level or urban alternatives).

The long but extremely thin right tail (scattered sales at or above $750,000) does indicate the presence of a luxury condo market in the region (mostly in Portland urban core areas). While this segment represents only a small fraction of total volume, it demonstrates that high-end demand persists in select locations with premium features, views, and amenities—even in a year marked by overall softening.

The following histogram shows the distribution of price per square foot for condo units in 2025:

The distribution of price per square foot in 2025 shows a relatively tight, unimodal pattern with a moderate right skew, centered on the mid-to-upper $200s and low $300s.

The histogram peaks in the $275–$299 range (279 sales, 11.9% of total), with strong adjacent bins at $250–$274 (249 sales, 10.6%) and $300–$324 (269 sales, 11.4%). Together, the $250–under-$350 range captures approximately 42.8% of sales, while the cumulative share below $400 PSF reaches 81.2%. This concentrated middle reflects the typical efficiency of mid-tier condos in the Portland Region—units of moderate size (median ~1,000–1,100 SF) in buildings with standard amenities and locations.

The right skew (18.8% at or above $400 PSF, with a thin tail beyond $500) indicates variability driven by premium factors: newer construction, better views, higher-floor locations, superior finishes, or high-demand urban/resort settings. The low-end tail (below $250 PSF, 21.2%) is limited but present, typically corresponding to older or less marketable complexes. Overall, the shape underscores that PPSF in condos is more tightly grouped than in detached homes, with declines in PPSF more directly reflecting price softness rather than size-driven composition changes.

The following histogram shows the distribution of total square footage of condo units in 2025:

The distribution of total square footage in 2025 exhibits a unimodal shape with moderate right skew, centered on the 900–1,100 SF range that typifies the Portland Region condo market.

The histogram peaks at 900–999 SF (312 sales, 13.3% of total), with strong adjacent bins at 800–899 SF (244 sales, 10.4%) and 1,000–1,099 SF (278 sales, 11.8%). Together, the 800–1,199 SF range captures approximately 43.9% of sales, and the cumulative share below 1,300 SF reaches 71.3%. This concentrated middle reflects the typical size profile for the region: compact to mid-sized units (1–2 bedrooms) in garden-style, mid-rise, or older urban buildings, offering efficient living without excessive space.

The moderate right skew (17.1% at or above 1,500 SF, with a thin tail beyond 2,200 SF) indicates variability driven by premium or larger configurations: newer high-rises, townhome-style condos, or combined units in premium locations. The low-end tail (below 800 SF, 19.3%) is present but limited, typically corresponding to studios or micro-units in older complexes. Overall, the tight size distribution underscores why PPSF in condos behaves more directly as a price indicator rather than a function of diminishing returns on incremental square footage (as often seen in detached homes).

The following histogram shows the distribution of cumulative days on market for condo units in 2025:

The distribution of cumulative days on market (CDOM) in 2025 shows a heavily right-skewed pattern, with a dominant early peak and a long, persistent tail that highlights the market’s buyer-favored nature.

The histogram peaks sharply in the 0–19 day bin (577 sales, 24.5% of total), with strong follow-up in the 20–39 day (298 sales, 12.7%) and 40–59 day (247 sales, 10.5%) bins. Together, sales closing in under 60 days account for approximately 47.7% of transactions, indicating that well-priced units continued to move efficiently even in a softer year. The cumulative share below 100 days reaches 63.6%, showing that a majority of condos sold within roughly three months.

The long right tail, however, is particularly telling: 36.5% of sales exceeded 99 days, 17.8% exceeded 179 days, and 2.9% lingered 380 days or more. This extended exposure—far beyond the regional average of 102.45 days—signals significant buyer selectivity, often tied to red flags such as high or rising HOA dues, special assessments, financing hurdles, condition issues, or overly-optimistic pricing. The presence of a meaningful number of very long-marketing units underscores how carrying-cost pressures, softer demand for luxury units, and reduced urgency amplified concessions and motivation in certain segments.

The following histogram shows the distribution of monthly HOA dues for condo units in 2025:

Note: The HOA dues histogram is for units reporting HOA dues (2,271 sales). All other histograms use the full dataset (2,351 sales).

The distribution of monthly HOA dues in 2025 shows a pattern that, while technically unimodal with a peak in the mid-range, is strongly influenced by a prominent low-end cluster that contributes to a near-bimodal appearance and shapes the affordability story.

The histogram peaks in the $400–$499 bin (438 sales, 19.3% of total), with strong adjacent bins at $300–$399 (315 sales, 13.9%) and $500–$599 (325 sales, 14.3%). Together, dues between $300 and under $600 capture approximately 47.5% of sales, while the cumulative share below $600 reaches 73.5%. This concentrated middle corresponds to the most common range for garden-style, mid-rise, and older urban/suburban buildings with standard amenities, reserves, and insurance coverage.

However, the prominent low-end cluster ($0–$299, 26.0% of sales, including a large $0–$99 bin at 13.9%) stands out as a distinct group, creating visual separation and a near-bimodal feel. This low-dues segment—often small infill developments, site condos, or minimal-association properties—represents the clear “winners” in affordability: lower monthly burdens, broader buyer appeal, easier financing, and faster absorption.

The moderate right skew (18.2% between $600 and $999, 8.3% at $1,000 or above, with a thin tail beyond $1,500) highlights variability driven by premium or challenged complexes: newer high-rises with elevators/concierge, resort-adjacent buildings, or older ones with elevated insurance/reserve needs. The low-end cluster ($0–$299, 26.0%) is notable but limited, typically corresponding to small infill developments, site condos, or minimal-association properties where dues remain nominal.

Overall, the shape underscores a clear bifurcation in carrying costs: a large mid-range core that supports broad access and a notable low-end cluster enhancing affordability for many, contrasted with a meaningful tail of higher dues that can constrain buyer pools, extend marketing times, and amplify concessions in affected segments.

Miscellaneous Statistics & Standout Transactions

Here are some of the most notable outliers and extremes from the 2025 Portland Region condo market—numbers that illustrate the full range of the data and the extremes buyers and appraisers encounter.

Highest Sales Price: $3,125,000—Penthouse unit at The Ritz-Carlton Residences, Portland (January 2025 sale). This represents an extreme high-water mark in the luxury segment. The current management team has decided that unsold units would be listed with a discount of at least 50%. While this does not necessarily reflect the precise diminution of value for this particular penthouse unit, it does underscore the risk of being among the first buyers into an expensive project—particularly when location-specific factors and market conditions do not fully support the initial pricing expectations. Photos of this property are currently available online.

Lowest Sales Price: $75,000—Ground-floor 1-bedroom, 1-bathroom condo in Beaverton (Washington County). This marks the absolute bottom of the 2025 dataset, typical for smaller, older units in suburban locations with basic amenities. Exterior photos of this property are currently available online.

Highest Price Per Square Foot: $1,263.14—This is the same penthouse unit at the Ritz Carlton that took the crown for highest sales price. That sale represented the extreme of the market in two distinct categories.

Lowest Price Per Square Foot: $87.98—A 1,165 SF 2-bedroom, 1.1-bathroom condo in the Hazelwood neighborhood in Portland. This sale closed at a price that places it at the absolute bottom of PPSF in the 2025 Portland Region condo dataset. Per agent comments and photos, this unit sold as a fixer and closed as a cash sale. Given this unit is ~27.6% of the average price of the Portland Region’s condo market, a sale like this represents an equity building opportunity for the right buyer. Photos of this property are currently available online.

Longest CDOM: 1,594 days—3-bedroom, 4-bathroom townhome-style condo in Portland with a riverfront location and mountain views. This unit’s extended marketing period began with an initial listing in August 2020 at $479,000 and concluded in February 2025 at $405,500—a reduction of approximately 18.3% from original asking. Photos of this property are currently available online.

Smallest Condo: 313 SF—Studio unit in Portland (1920s-era building in the Alphabet District/Nob Hill).This sale represents the smallest unit in the 2025 Portland Region condo dataset—a compact studio in an historic building with walkable access to Powell’s Books, NW 23rd Avenue shops/restaurants, Providence Park, Washington Park, and the Rose Garden. At 313 SF, this transaction typifies the micro-studio segment in older urban buildings, where small size limits functional utility and buyer appeal but offers an entry point for singles, young professionals, or investors. Such units often trade at low absolute prices and PPSF due to space constraints. Photos of this property are currently available online.

Largest Condo: 5,786 SF—Combined 5-bedroom, 4.1-bathroom unit occupying the entire third floor of its building in Portland (West Hills area). This was a resale of a rare merged unit created by combining three individually recorded condo units into a single expansive residence. The layout offers generous single-floor living with city and mountain views, including five dedicated parking spaces, guest parking, and three large storage closets (two combined). The sale closed at $1,040,000 after an original listing price of $1,950,000. The significant discount from original list ($1.95M → $1.04M) illustrates that the combined whole was not valued as greater than the sum of its parts—a reminder that market perception, functional utility, and buyer pool can limit premiums for unusually large or custom configurations in condo settings. The extremely high monthly HOA dues ($5,203) likely contributed to the prolonged marketing and ultimate pricing outcome, underscoring how carrying costs can materially impact marketability and buyer interest in high-end projects. Photos of this property are currently available online.

Highest Monthly HOA Dues: $5,203—The crown for the highest monthly HOA dues is the same property as the largest condo. By merging three units together the previous owner assumed a substantially higher monthly HOA bill. It is technically possible to add walls back in and revert the single unit back to three individual condos.

Highest Monthly HOA Dues Per SF: $1.92/SF—2-bedroom, 2-bathroom unit in Portland (mid-century building in King’s Hill Historic District). This sale closed at $361,500 in cash, with monthly HOA dues of $2,321 (including property taxes). At $1.92 per square foot, this represents the highest HOA intensity in the 2025 Portland Region condo dataset. The elevated dues burden, even at a relatively affordable sales price, illustrates how carrying costs can significantly narrow the buyer pool and create affordability barriers for many potential purchasers. Photos of this property are currently available online.

With the regional aggregate trends, graphs, monthly patterns, histogram analysis, and notable outliers covered, the remainder of this update turns to a county-level breakdown. The following sections present year-over-year comparisons for each of the six counties in the Portland Region—Multnomah, Washington, Clackamas, Yamhill, Columbia, and Hood River. Each county snapshot includes key metrics, commentary on local drivers, and any segment-specific observations that help explain broader regional patterns.

Multnomah County 2025 Stats

Multnomah County, encompassing the City of Portland and its immediate surroundings, dominated the regional condominium market in 2025, accounting for 66.2% of all sales (1,556 units out of 2,351) and serving as the true engine of the regional condo segment.

The table below summarizes key metrics for Multnomah County condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$605.8 Million$607.8 Million+0.34%
Average Price$391,826$390,618-0.31%
Median Price$335,000$330,000-1.49%
Avg SP/OLP95.23%93.81%-1.50%
Avg PPSF (TSF)$355.03$343.06-3.37%
Avg HOA Dues$448.64$513.20+14.39%
Avg Age (Yrs)30.4331.09+2.17%
Avg CDOM87.11111.67+28.19%
Avg Total SF1,1191,146+2.44%
Total # of Sales1,5461,556+0.65%
# of New Constr.414370-10.63%
# of REOs814+75.00%
# of Short Sales17+600.00%
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (1,496 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Multnomah County exhibited relative resilience compared to the regional trend, with sales volume holding steady (+0.65%) and total dollar volume slightly up (+0.34%). Average and median prices softened modestly (-0.31% and -1.49%, respectively), while PPSF declined -3.37% to $343.06—a more direct indicator of price pressure in the condo segment. Cumulative days on market rose +28.2% to 111.67 days average, reflecting increased buyer selectivity amid high interest rates and rising HOA dues (+14.39% to $513.20 average) as well as the presence of luxury condo units that naturally take longer to find qualified buyers. New construction fell -10.6% to 370 units (all in the City of Portland), and distress indicators ticked up (REOs +75%, short sales +600%), though absolute numbers remained small.

The following table shows the geographic distribution of condo sales in Multnomah County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Gresham$249,004$226.82724.63%
Lake Oswego$314,402$256.82483.08%
Portland$400,547$352.181,43191.97%
Troutdale$332,500$226.8420.13%
Wood Village$311,333$242.3130.19%
Avg/Sum$390,618$343.071,556
Condominium Residential | 2025
Data: RMLS | PortlandAppraisalBlog.com

The market’s heavy concentration in Portland city proper (92% of county sales) underscores that Multnomah’s condo activity is fundamentally urban, with suburban pockets (e.g., Gresham, Lake Oswego portion) contributing only marginally.

The following is a scatter plot of all Multnomah County condo sales in 2025 (sales price vs. date of sale):

The full time-series view of sales prices in Multnomah County for 2025 shows a market that remained active year-round, with occasional high-end transactions above $1 million scattered throughout the period but representing only a small fraction of total volume. These outliers—primarily in premium urban core locations such as the Pearl District, Downtown, and South Waterfront—demonstrate that luxury demand persisted despite broader softening pressures.

Zooming in on sales priced at $800,000 or less we have:

The $800,000 or less segment accounts for the vast majority of Multnomah County condominium transactions. A dense horizontal band of activity is concentrated in the $200,000–$500,000 range across all months. It is at this scale a pattern of gradually lower prices is evident. The downward tilt of the core band aligns with the modest price declines observed in the aggregate data (-1.49% median, -3.37% PPSF) and reflects how elevated interest rates and rising HOA dues continued to temper upward pricing momentum in the urban core.

Washington County 2025 Stats

Washington County, encompassing suburban areas such as Beaverton, Hillsboro, Tigard, and Tualatin, experienced the sharpest softening among the major counties in 2025, with volume and price declines more pronounced than in Multnomah.

The table below summarizes key metrics for Washington County condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$189.1 Million$168.8 Million-10.74%
Average Price$327,654$316,025-3.55%
Median Price$325,000$305,000-6.15%
Avg SP/OLP96.60%94.18%-2.50%
Avg PPSF (TSF)$301.48$284.18-5.74%
Avg HOA Dues$410.71$455.74+10.97%
Avg Age (Yrs)30.4131.74+4.37%
Avg CDOM57.0583.10+45.68%
Avg Total SF1,1201,137+1.49%
Total # of Sales577534-7.45%
# of New Constr.125-58.33%
# of REOs37+133.33%
# of Short Sales01
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (524 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Washington County showed significant volume pressure (-7.45% sales, -10.74% dollar volume), with median price down -6.15% and PPSF declining -5.74%—steeper than regional and Multnomah figures. Cumulative days on market surged +45.7% to 83.10 days average, indicating prolonged exposure and increased buyer leverage in this suburban market. HOA dues rose +11.0% to $455.74 average, adding to monthly payment burdens. New construction fell sharply -58.3% to just 5 units, further limiting fresh supply. Distress indicators increased (REOs +133%, short sales from 0 to 1), though absolute numbers stayed small.

The following table shows the geographic distribution of condo sales in Washington County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Aloha$310,000$260.9410.19%
Beaverton$300,209$278.9419436.33%
Forest Grove$309,986$295.2771.31%
Hillsboro$336,103$288.199016.85%
King City$233,231$244.20163.00%
Portland$327,032$295.2316831.46%
Sherwood$392,500$282.3950.94%
Tigard$362,840$283.77254.68%
Tualatin$288,613$262.89285.24%
Avg/Sum$316,025$284.18534
Condominium Residential | 2025
Data: RMLS | PortlandAppraisalBlog.com

The county’s condo activity concentrated heavily in Beaverton (36% of sales) and Hillsboro (17%), with Portland mailing-address areas (unincorporated Washington County near the Multnomah line) contributing another 31%. This suburban focus, combined with external pressures such as Intel layoffs in Hillsboro, amplified selectivity and contributed to the county’s more pronounced softening compared to the urban core.

The following is a scatter plot of all Washington County condo sales in 2025 (sales price vs. date of sale):

The scatter plot shows a bell curve, gradually rising from January to about July and then declining for the remainder of the year.

Clackamas County 2025 Stats

Clackamas County, covering southern and eastern suburban areas such as Lake Oswego, Oregon City, Milwaukie, West Linn, and Happy Valley, experienced moderate softening in 2025, with more pronounced volume declines than Multnomah but less severe than Washington County.

The table below summarizes key metrics for Clackamas County condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$106.6 Million$86.22 Million-19.10%
Average Price$391,794$368,456-5.96%
Median Price$350,000$335,000-4.29%
Avg SP/OLP95.24%94.60%-0.68%
Avg PPSF (TSF)$317.90$305.59-3.87%
Avg HOA Dues$465.61$497.14+6.77%
Avg Age (Yrs)34.8235.17+1.00%
Avg CDOM68.6284.77+23.54%
Avg Total SF1,2371,220-1.37%
Total # of Sales272234-13.97%
# of New Constr.228-63.64%
# of REOs330.00%
# of Short Sales00
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (228 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Clackamas County saw significant volume pressure (-13.97% sales, -19.10% dollar volume), with median price down -4.29% and PPSF declining -3.87%—declines more pronounced than in Multnomah but less severe than in Washington. Cumulative days on market rose +23.5% to 84.77 days average, indicating increased buyer selectivity in this suburban market. HOA dues increased +6.8% to $497.14 average, adding to monthly payment burdens but rising less sharply than in urban Multnomah. New construction fell -63.6% to just 8 units, further limiting fresh supply. Distress indicators remained stable (REOs flat at 3, short sales zero).

The following table shows the geographic distribution of condo sales in Clackamas County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Happy Valley$363,516$257.12208.55%
Lake Oswego$434,585$336.286728.63%
Milwaukie$341,328$275.833012.82%
Oregon City$339,855$327.15114.70%
West Linn$306,791$268.833715.81%
Wilsonville$369,922$332.323816.24%
Other$336,920$302.853113.25%
Avg/Sum$368,456$305.60234
Condominium Residential | 2025
Data: RMLS | PortlandAppraisalBlog.com

Activity concentrated in premium and mid-tier suburbs: Lake Oswego led with 67 sales (29% of county total) at the highest average price ($434,585) and PPSF ($336.28), followed by Wilsonville, West Linn, Milwaukie, and Happy Valley. Outer and smaller areas (grouped as “Other”) contributed only 31 sales combined, reflecting thinner demand in those locales and contributing to the county’s overall softness.

The following is a scatter plot of all Clackamas County condo sales in 2025 (sales price vs. date of sale):

The overwhelming majority of sale occurred in the $200k-$400k band. The graph also shows there is a small luxury condo market present in the county

Yamhill County 2025 Stats

Yamhill County, while more rural, had its condominium activity centered on McMinnville and Newberg. The county remained a very low-volume condominium market in 2025, with only 15 sales representing less than 0.6% of regional activity.

The table below summarizes key metrics for Yamhill County condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$5.87 Million$5.38 Million-8.36%
Average Price$293,635$358,800+22.19%
Median Price$259,950$340,000+30.79%
Avg SP/OLP96.49%95.27%-1.27%
Avg PPSF (TSF)$271.63$256.67-5.50%
Avg HOA Dues$293.84$408.00+38.85%
Avg Age (Yrs)32.6037.47+14.93%
Avg CDOM54.40120.00+120.59%
Avg Total SF1,0911,415+29.72%
Total # of Sales2015-25.00%
# of New Constr.00
# of REOs00
# of Short Sales00
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (14 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Yamhill County experienced a significant volume decline (-25.0% sales, -8.36% dollar volume) on a very small base. Median price increased +30.8% to $340,000 and average price +22.2% to $358,800 (skewed by larger units; PPSF fell -5.5% to $256.67). Cumulative days on market doubled to 120 days average, signaling very low demand and prolonged exposure. HOA dues rose sharply +38.9% to $408 average—the highest relative increase among counties, though starting from a low base. No new construction or distress sales occurred.

The following table shows the geographic distribution of condo sales in Yamhill County:

CityAvg PriceAvg PPSF# of Sales% of Sales
McMinnville$404,400$255.051066.67%
Newberg$267,600$259.93533.33%
Avg/Sum$358,800$256.6815
Condominium Residential | 2025
Data: RMLS | PortlandAppraisalBlog.com

The following is a scatter plot of all Yamhill County condo sales in 2025 (sales price vs. date of sale):

Most activity stayed within $200k-$500k.

Columbia County 2025 Stats

Columbia County, while largely rural does have some activity in the cities of St. Helens and Scappoose. The county remained a very low-volume condominium market in 2025, with only 5 sales representing less than 0.3% of regional activity.

The table below summarizes key metrics for Columbia County condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$710,000$1.47 Million+107.36%
Average Price$236,667$294,450+24.42%
Median Price$240,000$290,650+21.10%
Avg SP/OLP94.21%97.23%+3.21%
Avg PPSF (TSF)$267.81$267.81-0.00%
Avg HOA Dues$294.33$227.50-22.71%
Avg Age (Yrs)17.3330.00+73.08%
Avg CDOM146.0079.60-45.48%
Avg Total SF9351,100+17.69%
Total # of Sales35+66.67%
# of New Constr.10-100.00%
# of REOs00
# of Short Sales00
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (4 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Columbia County saw minimal activity (5 sales, up from 3 in 2024), with all transactions confined to Scappoose and St. Helens. Median price rose +21.1% to $290,650 and average price +24.4% to $294,450 on the small sample, while PPSF remained flat at $267.81. Cumulative days on market improved -45.5% to 79.60 days average, though absolute demand stayed negligible. HOA dues declined -22.7% to $227.50 average (on very small reported cohort). No new construction or distress sales occurred in 2025.

These figures should be interpreted cautiously due to the extremely low volume—a single transaction can materially shift averages. Overall, Columbia County reflects the sparse nature of condominium inventory in largely rural counties.

The following table shows the geographic distribution of condo sales in Columbia County:

CityAvg PriceAvg PPSF# of Sales% of Sales
Scappoose$310,125$286.45240.00%
St. Helens$284,000$255.40360.00%
Avg/Sum$294,450$267.825
Condominium Residential | 2025
Data: RMLS | PortlandAppraisalBlog.com

The following is a scatter plot of all Columbia County condo sales in 2025 (sales price vs. date of sale):

The five sales tightly clustered between $250k-$350k.

Hood River County 2025 Stats

Hood River County, a rural and resort-oriented area in the eastern part of the service region, remained a very low-volume condominium market in 2025, with only 7 sales representing less than 0.3% of regional activity. All transactions occurred within the City of Hood River proper—the only area with active condo inventory in the county.

The table below summarizes key metrics for Hood River condominium residential sales in 2025 compared with 2024.

Category20242025% Change
Total $ Volume$4.45 Million$3.94 Million-11.39%
Average Price$556,213$563,286+1.27%
Median Price$564,350$478,000-15.30%
Avg SP/OLP91.94%97.07%+5.58%
Avg PPSF (TSF)$425.51$520.97+22.43%
Avg HOA Dues$386.25$478.60+23.91%
Avg Age (Yrs)28.6326.57-7.17%
Avg CDOM85.2599.57+16.80%
Avg Total SF1,3271,118-15.77%
Total # of Sales87-12.50%
# of New Constr.02
# of REOs00
# of Short Sales00
Note: Average monthly HOA Dues reflects only sales with reported HOA dues (5 sales in 2025). All other metrics use the full dataset.
Condominium Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com

Hood River County saw minimal activity (7 sales, down from 8 in 2024), with median price declining -15.3% to $478,000 while average price edged up +1.3% to $563,286 (small-sample volatility; PPSF increased +22.4%, with smaller units sold). Cumulative days on market rose +16.8% to 99.57 days average, and HOA dues climbed +23.9% to $478.60. Two new construction sales appeared in 2025 (from zero the prior year), but overall demand remained negligible. No distress sales occurred.

These figures should be interpreted cautiously due to the extremely low volume—individual transactions can materially shift averages. Overall, Hood River County reflects the sparse nature of condominium inventory in rural/resort areas.

The following is a scatter plot of all Hood River County condo sales in 2025 (sales price vs. date of sale):

Sales activity largely remained near $400k with a few data points above $600k.

Closing Thoughts

The 2025 Portland Region condominium market reflected a continuation of the gradual softening that has defined the segment in recent years. Prices declined modestly overall, with average and median figures down year-over-year, while time-on-market metrics lengthened substantially and inventory levels rose into clearly buyer-favored territory. Rising HOA dues and persistently high interest rates amplified monthly payment pressures, narrowing buyer pools and increasing selectivity—particularly in complexes with elevated carrying costs. Yet the market remained functional: transactions continued at a steady pace, volume held relatively close to the prior year, and affordability persisted at a moderate level relative to the HUD MSA median household. This was not a collapse, but a measured shift toward conditions favoring buyers, with the most pronounced effects visible in extended marketing times, higher months of supply, and selective pricing behavior across the region.

From an appraisal perspective, the year’s trends underscore several practical realities. The tight size distribution and flat PPSF-vs-SF relationship in condos make PPSF declines a more direct indicator of price softness than in detached homes, where compositional effects often play a much bigger role. Prolonged CDOM and elevated MOS highlight the need for careful time and motivation adjustments when selecting and weighting comparables, especially in segments with high HOA dues or project-specific challenges. The bifurcation between low-dues “winners” (small infill, minimal associations) and high-dues “losers” (premium or challenged complexes) further emphasizes the importance of in-complex comps to neutralize carrying-cost variance and reduce adjustment subjectivity.

Looking ahead, the condo market’s trajectory will likely depend on the trajectory of interest rates and ongoing pressures on HOA dues (insurance, reserves, major repairs). While the segment has shown resilience in the urban core—where demand remains anchored to location and lifestyle—suburban and rural areas face greater vulnerability to supply constraints and buyer caution. The persistent oversupply in key urban condo submarkets like the Pearl District and Portland Downtown suggests that stabilization may take time, but the market’s continued functionality—even in a challenging environment—indicates that condos remain a viable housing option for many in the region.

What trends do you expect to see in 2026? I’d love to hear your thoughts—feel free to reply here or reach out directly.

Sources & Further Reading

All data presented in this annual review is sourced directly from RMLS and has been subjected to my rigorous cleaning and validation process to ensure reliability for condominium residential analysis in the six-county Portland Region. The trends, comparisons, and commentary are the result of original appraisal expertise and independent analysis—not aggregated from secondary sources or news summaries.

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