The Oregon Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Oregon

💡 Key Oregon housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $503,811[1]#8 of 50 states36.5% higher
Median Listing Price $575,000[2]#14 of 50 states25.3% higher
Median Sale Price $539,300[3]#11 of 50 states25.2% higher
30 Year Mortgage Rate 7.03%[4]#34 of 50 states0.8% higher
Median Days on Market 43[5]#26 of 50 states4.3% longer
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🗺️ Buying a house in the Oregon real estate market

Oregon has an affordability score of 8.2, meaning it takes 8.2 years of the median household income ($65,667) to afford Oregon's median home sale price ($539,300). Because of this, we rank Oregon as the 8th least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $539,300[6]#11 of 50 states25.2% higher
30 Year Mortgage Rate 7.03%[7]#34 of 50 states0.8% higher
Median Household Income $65,667[8]#18 of 50 states1.8% higher
Affordability Ratio 8.2#43 of 50 states24.6% higher
Buyers Agent Commission 2.42%[9]#7 of 50 states9.5% lower
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Resources for Oregon home buyers

🗺️ Selling a house in the Oregon real estate market

According to our detailed survey of Oregon real estate agents, listing agents (those representing the seller) charge an average commission in Oregon of 2.61%, which is the 5th lowest in the United States. Buyers' agents charge an average commission of 2.42%, which is the 7th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $575,000[10]#14 of 50 states25.3% higher
Median Sale Price $539,300[11]#11 of 50 states25.2% higher
Median Days on Market 43[12]#26 of 50 states4.3% longer
Buyer's Agent Commission 2.42%[13]#7 of 50 states9.5% lower
Listing Agent Commission 2.61%[14]#5 of 50 states8.7% lower
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Resources for Oregon home sellers

Moving to Oregon

According to our recent moving trends survey[15], 9% of Americans indicated that they would choose to move to Oregon if money were no object. Likewise, 9% of survey respondents indicated that they would move to Portland among a choice of America's largest cities.

Here's how Oregon cities rank in a number of our research studies.

StudyBest Oregon cityRank
Best Pizza Cities[16]Portland26th best
Best Coffee Cities[17]Portlandbest
Best LGBTQ Cities[18]Portland4th best
Best Bike Cities[19]Portland2nd best
Best Commuter Cities[20]Portland12th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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