Oregon Market Overview
Oregon's market has stabilized after significant post-pandemic volatility. Portland is working through a complex recovery narrative with urban core concerns, while suburbs and secondary cities are performing better. Bend remains a premium outdoor lifestyle market. Salem and Eugene offer meaningful value relative to Portland.
Salem is an underrated value play — Portland-adjacent with meaningfully lower prices. Bend's market has cooled from its peak — negotiating room exists that didn't in 2021–2022.
Portland sellers need to be realistic about market conditions. Bend sellers have more leverage but should price to current comps.
Top Cities in Oregon
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Portland | $528K | +2.4% | 28d | $318 |
| Salem | $388K | +3.2% | 26d | $228 |
| Eugene | $418K | +2.8% | 28d | $248 |
| Bend | $648K | +2.2% | 32d | $368 |
Market Health Indicators
Buyer Demographics
Affordability Calculator — Oregon
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