Oregon Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Oregon real estate trends

Real estate trends in Oregon | Sellers | Buyers | Investors | The best and worst of Oregon | Oregon resources

Oregon real estate trends (October 2021)

How is the real estate market in Oregon?
🏠 Average home value: $457,158
📈 2.36% home value increase month over month
💰 Median sale price: $461,000
⏳ 43 days on the market
🔑 Homes on the market: 8,209
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 2.97%
💵 Average income: 52919
State of the market: A
Oregon is a strong seller’s market, with home values that are quite a bit higher than the national average, and rising fast. Listing prices are skyrocketing, too, due to the low amount of inventory in this hot market.
*Data last updated October 2021

In recent years, Oregon has attracted a wave of new residents eager to make the state their home.

From its rocky coastline in the west to high desert in the east, Oregon contains multitudes. For those undeterred by Oregon's rainy season, the state offers an impressive 2,664 trails that will guide you through serene pine forests and past dramatic waterfalls.

For those in search of creature comforts, the Beaver State also has a well-deserved reputation for its creative craft beer and food scene — not to mention fostering punk and indie rock.

If you're thinking of buying or selling in Oregon, these Oregon housing predictions and stats can help you make an informed decision.

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Selling a home in Oregon

Oregon real estate market forecast for sellers
⏰ Homes are selling 6 days faster than the annual average
💰 Homes are selling for $20,361 more than the annual average
💸 Average listing commission: 2.65%
💸 Average buyer's commission: 2.55%

How to sell a home in Oregon

Cost to sell a home in Oregon

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Buying a home in Oregon

How much home you can buy with $300,000 in...
🏠 Portland: 1,032 sq ft
🏡 Salem: 1,188 sq ft
🏡 Eugene: 1,094 sq ft
🏠 Medford: 1,099 sq ft

Investing in Oregon real estate

Best of Oregon

Each month, we compare cities in Oregon based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Oregon
1. Hermiston-Pendleton
2. Klamath Falls
3. Albany-Lebanon
4. Salem
5. Eugene-Springfield

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Worst of Oregon

Each month, we compare cities in Oregon based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Oregon
1. Grants Pass
2. Bend
3. Medford
4. Roseburg
5. Portland-Vancouver-Hillsboro

Oregon resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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