Here is your look at the greater Portland area calculated for the previous month with Lake Oswego broken out at the bottom. ***Be sure to check out the Neighborhoods Report below which categorizes into smaller pieces.
Oct 18, 2025
Pricing Trends: N and SE Portland are showing steady downward movement in price during the last 3 months. NE Portland bumped up a bit in August but is also down price-wise from July. NW Portland is also on a steady 3-month trajectory downward in price, whereas West Portland & Lake Oswego are in a steady upward 3-month trend. The Gresham/ Troutdale area continues to be the metro area’s best bang for your buck as a Buyer. Common understanding is that all this movement is due to tumult over interest rates. We’ll see what happens the next few months as rates are expected to decline.
Rates: “The 30 year conventional rate is hovering around 6.5%. The bond market expects the Federal Reserve to announce a .25 point reduction to Federal Funds discount rate at their next meeting on October 29th.
Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage.
According to the RMLS Market Action Report for the Portland Metro Area September 2025:
- There were 2,498 New Listings in September which decreased 3.5% from the 2,076 in Sept 2024, & increased 0.9% from the 2,476 in the previous month/August.
- At 1,825 September 2025’s Closed Sales (Solds) are up 7.2% from Sept 2024’s 1,702, and down 9.7% from previous month’s total of 2,021.
- At 2,145 September’s Pending Sales (Accepted Offers) are up 3.3% from Sept 2024’s 2,076, and down 5.7% from the previous month/August’s total of 2,275 Accepted Offers.
- The Average Sale Price for September 2025 of, $616,900 is down just $300. from last year/August 2024’s $617,200, and down $3,600 from the previous month/August’s $620,500.
- The “Median Sale Price” (the price smack dab in the middle of all sales) in September 2025 of $545,000 is up $4,000 from September 2024’s $541,000, & down $5,000 from the previous month’s $550,000.
LAKE OSWEGO: (Month of September ’25)
418 Active Listings (Aug 433)
120 New Listings (Aug 140)
97 Pending Sales (Aug 119)
88 Closed Sales (Aug 117)
Average Sale Price for August: $1,241,100 (Aug $1,095,800)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
62 Days on the Market (Aug 81)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)