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Hottest 'Hoods: Portland ZIP codes with the hottest real estate in 2021

Among the top 50 ZIP codes, there were nine in Clackamas County, 13 in Clark County, 16 in Washington County, 12 in Multnomah County and 15 in Portland city limits.
Credit: Portland Business Journal

PORTLAND, Ore. — Real estate activity in 2021 surged on all fronts in the Portland metro area, as it did in many parts of the U.S.

In the metro area's 100 ZIP codes in Clackamas, Clark, Multnomah and Washington counties in Oregon and Washington, closed sales hit 42,940, a 10.9% jump above 2020, after sales had increased 7.3% from 2019.

While closed sales reached the highest point since 2005, they might have been even higher if the market had more inventory on offer — listed houses would sell out in about half a month at year-end's pace. This supply constraint helped push up sale prices up and days on the market down.

RELATED: Why investors are pouring billions into Portland-area apartments

The average sale price surpassed $566,000 and the average median price topped $528,000, a 15.1% spike from 2020. Average days that homes lingered on the market shrank to 20.8 and an average median of just 6.4 days, a 43.6% reduction from the prior year.

Among the top 50 ZIP codes in the slides, nine were in Clackamas County, 13 were in Clark County, 16 were in Washington County and 12 were in Multnomah County — and 15 were inside Portland's city limits.

See the rankings at the Portland Business Journal.

More of the Portland Business Journal's Hottest 'Hoods:

Hottest 'Hoods 2021: The 25 Portland metro ZIP codes where home prices soared last year

Hottest 'Hoods Q3 2021: View the top 25 ZIP codes in Portland city limits for residential sales

Hottest 'Hoods: Tour the top 25 suburban ZIP codes for residential sales activity

Hottest 'Hoods: The 25 best Portland-area ZIP codes for homebuyers