Top Mega Teams in Oregon – Ranked by Volume

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2023 Oregon Housing Market Summary

Oregon started 2023 with a total of 6,578 single-family homes on the market, with a median home price of $559,700 and an average price per square foot of $335. By the end of the year, inventory had increased to 7,271 homes on the market (+10%), with a median home price of $585,000 (+4%) and an average price per square foot of $357 (+6%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.

Oregon started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 35% of Oregon homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Oregon started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 36 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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