PORTLAND, Ore. — Slightly fewer houses sold across the Portland metro area last year. They sat on the market a few days longer. Yet prices kept on rising.
The median sale price among 103 ZIP codes in the Portland area's four counties, averaged out last year, was $425,867, a 2.5 percent increase over 2018.
In another indication that the suburbs are remaining hotter than the urban neighborhoods, Pearl/Old Town (97209) and Downtown (97201), fell out of the top 25 this year, replaced by Camas, Wash. (98607), and Tualatin (97062). Just 14 of the highest-priced 'hoods were in the city of Portland last year compared to 16 in 2018.
SLIDESHOW: Median home sale price for 2019
Of the 23 ZIP codes that topped the charts both years, 17 saw median prices increase and 6 had prices fall. Those with the biggest gains of $30,000 or more were Beavercreek (97004), Lake Oswego (97034), Kerns/Laurelhurst (97232), Nob Hill (97210), OHSU/Hillsdale/SW Hills (97239). Beavercreek had its median price increase 16 percent to $539,400.
If you missed it, check out the 25 'hoods with the most home sales in 2019, and look for the top 25 fastest-selling ZIP codes coming soon.
The Portland Business Journal is a KGW News partner.