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Oregon Real Estate

Explore Oregon.

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Source: Realtor.com Economic Research, state-level data for September 2026. Market data is updated periodically and deemed reliable but not guaranteed.

About Oregon real estate

Oregon's housing market splits cleanly between Portland metro and the rest of the state, with Bend running its own out-of-state-buyer-driven dynamic.

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Expert take: Portland metro has cooled significantly since 2022. Bend remains expensive due to limited supply. Affordability concerns drive policy debates.

By the Numbers

  • $550,000Median listing price statewide
  • 5Active OR REALTORS® on this network
  • 4.23 millionPopulation
  • SalemCapital
  • eXp Realty OregonBrokerage

Oregon market snapshot: September 2026

Source: Realtor.com Economic Research, state-level data for September 2026. Market data is updated periodically and deemed reliable but not guaranteed.

  • Median listing price$550,000-3.3% YoY
  • Days on market72median
  • Active listings18,000+on market
  • YoY price change-3.3%12-month

Oregon through experienced eyes

What makes Oregon different.

Oregon has no state sales tax. Property taxes are below the national average, but Measure 50 caps annual assessment increases.

Current conditions.

Oregon's median listing price is $550,000, with homes taking a median 72 days to sell and 18,000+ active listings. Read Oregon by metro, not by state.

The single biggest trend.

Portland metro has cooled significantly since 2022. Bend remains expensive due to limited supply. Affordability concerns drive policy debates.

Where to look in Oregon

  • Portland-Vancouver-Hillsboro

    Largest metro. Tech (Intel, Nike). Submarkets: West Hills luxury, Lake Oswego suburbs, Beaverton/Hillsboro suburbs, Portland proper varies widely.

  • Eugene-Springfield

    University of Oregon. Outdoor culture.

  • Salem

    State capital.

  • Bend

    Central Oregon high desert. Heavy in-migration from California. Outdoor recreation.

  • Medford-Ashland

    Southern Oregon. Wine and theater.

Schools & Education

Oregon public school districts include Lake Oswego, West Linn-Wilsonville, and Beaverton (all Portland metro).

Climate & Weather

Maritime in the west (mild, wet), continental high desert in the east. Portland gets significant rain October through May.

Questions buyers and sellers ask us most

How much do I need for a down payment in Oregon?

For conventional loans, 20% down on the Oregon median of $550,000 would be $110,000. Most Oregon buyers close with 3-5% down via conventional, FHA (3.5% down), or VA (0% for eligible service members). Check with a local lender.

What is the best time of year to buy a home in Oregon?

Late summer through early fall is historically the most favorable buyer window across most US markets, and Oregon follows this pattern. Spring has the most inventory but the most competition. Winter has the least of both.

Can I buy a home in Oregon without seeing it in person?

Yes. A local REALTOR® running video walkthroughs, paired with a thorough inspection contingency, makes a remote purchase manageable. Most Oregon agents are comfortable with this workflow.

How long does it take to close on a home in Oregon?

30-45 days is typical for a financed purchase, and 14-21 days is achievable for cash. The bottleneck is usually appraisal and lender underwriting, not title work.

Guidance That Moves You Forward

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