2025–2026 Market Report · Multnomah County
NE Portland Home Values
& Market Data
How Much Were Homes Worth in NE Portland in 2025–2026?
NE Portland (RMLS Area 142) is a collection of established residential neighborhoods in Multnomah County east of the Willamette River and north of SE Burnside Street. The area includes neighborhoods ranging from Irvington and Alameda in the inner northeast to Cully, Hazelwood, and Argay Terrace in the outer northeast. MAX Light Rail serves the area via the Blue, Green, and Red lines, with multiple stations along NE/SE Burnside and NE Interstate Ave.
Schools: Portland Public Schools serves the majority of the area, including Grant High School, Jefferson High School, and Madison High School. The David Douglas School District serves the outer northeast portions near Hazelwood and Wilkes.
Access: I-84 runs east-west through the area, providing direct freeway access to downtown Portland (approximately 5–15 minutes depending on location) and to Gresham and the Columbia River Gorge to the east. I-205 forms the eastern edge of the RMLS area boundary near 82nd Avenue and beyond.
The median sale price for detached homes in NE Portland was $560,000 over the 12-month period from June 2025 through May 2026, based on 1,714 closed sales in RMLS Area 142. The average sale price was $626,384. The highest recorded sale was $3,325,000.
The median price per square foot was $306. The median finished square footage was 2,058 sf. The sale-to-list price ratio was 100.0%, indicating that closed prices matched list prices at the median. Year-over-year comparison is not available, as this export covers a rolling 12-month period without a full prior calendar year baseline.
Monthly Price Trends in NE Portland (2025–2026)
Monthly medians ranged from $517,000 (February 2026) to $639,000 (May 2025). The market softened through the fall and winter of 2025 before recovering in spring 2026. Monthly sale counts ranged from 63 (January 2026) to 178 (October 2025).
NE Portland Median vs. Average Sale Price by Month (2025–2026)
Based on RMLS™ closed sales · Detached residential · RMLS Area 142 · June 2025–May 2026
Clay Edwards, Certified Residential Appraiser · portlandhomeappraiser.com
NE Portland Home Values by Neighborhood
Median prices varied substantially across NE Portland’s neighborhoods over this period. Inner northeast neighborhoods such as Alameda ($990,500), Irvington ($925,000), Laurelhurst ($901,000), and Grant Park ($894,950) recorded the highest medians. Outer northeast neighborhoods including Hazelwood ($439,250), Wilkes ($442,000), Cully ($447,500), and Madison South ($460,000) recorded the lowest medians among neighborhoods with 10 or more sales.
Note: Only neighborhoods with 10 or more recorded sales are shown. RMLS neighborhood designations are agent-entered and may not align precisely with City of Portland neighborhood boundaries. Minor spelling variants have been consolidated under canonical names.
NE Portland Median Sale Price by Neighborhood (2025–2026)
Based on RMLS™ closed sales · Detached residential · RMLS Area 142 · June 2025–May 2026
Clay Edwards, Certified Residential Appraiser · portlandhomeappraiser.com
NE Portland 2025–2026 Price Distribution
The $400,000–$500,000 range accounted for 419 sales (24.4%), the largest single band. The $500,000–$600,000 range accounted for 358 sales (20.9%). Combined, these two bands represented 45.3% of total sales. Sales above $1,000,000 totaled 147 (8.6%). Sales below $300,000 totaled 45 (2.6%).
NE Portland Number of Sales by Price Range (2025–2026)
Based on RMLS™ closed sales · Detached residential · RMLS Area 142 · June 2025–May 2026
Clay Edwards, Certified Residential Appraiser · portlandhomeappraiser.com
What Was the Average Price Per Square Foot in NE Portland by ZIP Code?
RMLS Area 142 spans eight ZIP codes with meaningfully different price levels. The 97212 ZIP code (Irvington, Alameda, Sabin, and adjoining inner northeast neighborhoods) recorded the highest median at $875,000. The 97220 ZIP code (outer northeast near 82nd Avenue and beyond) recorded the lowest median at $439,000 among the primary ZIP codes.
| ZIP Code | Areas | Sales | Median Price | Median $/SF |
|---|---|---|---|---|
| 97211 | Concordia, Woodlawn, Arbor Lodge, Piedmont, Sabin (north) | 352 | $624,500 | $317 |
| 97213 | Rose City Park, Roseway, Beaumont-Wilshire, North Tabor | 339 | $575,000 | $302 |
| 97230 | Argay Terrace, Parkrose Heights, Wilkes, Mill Park | 277 | $465,000 | $273 |
| 97212 | Irvington, Alameda, Grant Park, Sabin, Laurelhurst (west) | 276 | $875,000 | $345 |
| 97220 | Hazelwood, Madison South, Cully (east), Parkrose | 263 | $439,000 | $275 |
| 97218 | Summerplace, Parkrose Heights (north), Columbia Corridor | 133 | $510,000 | $328 |
| 97232 | Laurelhurst, Sullivan’s Gulch, Lloyd District (residential) | 52 | $861,610 | $311 |
| 97217 | Overlook, Arbor Lodge (north edge, Portland city boundary) | 8 | $532,200 | $317 |
How Fast Were Homes Selling in NE Portland in 2025–2026?
The median days on market was 11 days over the 12-month period. The sale-to-list price ratio was 100.0% at the median, indicating that the typical home closed at list price. In the $400,000–$500,000 band, 419 sales averaged 35.2 transactions per month. At price bands above $750,000, volume fell and typical sale timelines extended.
Was NE Portland a Buyer’s or Seller’s Market?
Overall inventory as of May 2026 stood at approximately 1.6 months, based on 1,714 sales over 12 months and 225 active detached listings. All price bands were in strong seller’s market territory. (Note: Active listings are a point-in-time snapshot as of May 29, 2026 and will fluctuate.)
| Price Range | Active Listings | Avg. Sales/Mo | Months of Inventory | Condition |
|---|---|---|---|---|
| Under $400K | 23 | 18.2 | 1.3 | Strong Seller’s |
| $400K–$500K | 55 | 35.2 | 1.6 | Strong Seller’s |
| $500K–$600K | 54 | 29.8 | 1.8 | Strong Seller’s |
| $600K–$750K | 40 | 26.6 | 1.5 | Strong Seller’s |
| $750K–$1M | 39 | 20.8 | 1.9 | Strong Seller’s |
| $1M+ | 11 | 12.3 | 0.9 | Strong Seller’s |
NE Portland: One Market, Wide Price Range
Inner Northeast (97212, 97232): 328 sales at medians of $875,000 and $862,000 respectively. Neighborhoods such as Irvington, Alameda, Laurelhurst, and Grant Park accounted for most of this volume, with a $990,500 median in Alameda alone.
Mid-Northeast (97211, 97213): 691 sales — the highest-volume segment — at medians of $624,500 and $575,000. Neighborhoods include Concordia, Rose City Park, Roseway, and Beaumont-Wilshire.
Outer Northeast (97220, 97230, 97218): 673 sales at medians of $439,000 to $510,000. This segment includes Hazelwood, Cully, Argay Terrace, and Parkrose Heights. Despite lower price points, all outer northeast ZIP codes recorded under 2.0 months of inventory.
For Sellers
The median SP/LP ratio was 100.0% across all price bands during this period, and median DOM was 11 days. All six inventory bands recorded under 2.0 months of supply as of May 2026, including the $1M+ segment at 0.9 months.
For Buyers
The $400,000–$500,000 band recorded 419 sales and 35.2 sales per month — the most active segment in the market. Inner northeast neighborhoods (97212) carried a $875,000 median and a 345 $/SF rate, nearly double the $/SF of outer northeast ZIP codes.
What Types of Homes Were Selling in NE Portland in 2025–2026?
Pre-1960 construction accounted for 1,284 sales (75%), the dominant housing era across NE Portland. Single-stall garages were the most common configuration at 47% of sales. Lots in the 5,000–7,500 sf range represented 47% of all sales, consistent with the standard Portland lot grid.
| Era Built | Sales | % of Market |
|---|---|---|
| Pre-1960 | 1,284 | 75% |
| 1960–1979 | 170 | 10% |
| 1980–1999 | 110 | 6% |
| 2000–2009 | 43 | 3% |
| 2010–2019 | 46 | 3% |
| 2020 or newer | 61 | 4% |
| Bathrooms | Sales | % of Market |
|---|---|---|
| 1 bath | 557 | 32% |
| 2 baths | 871 | 51% |
| 3 baths | 252 | 15% |
| 4 baths | 33 | 2% |
| 5+ baths | 1 | 0% |
| Garage Stalls | Sales | % of Market |
|---|---|---|
| No garage | 411 | 24% |
| 1 stall | 808 | 47% |
| 2 stalls | 470 | 27% |
| 3 stalls | 17 | 1% |
| 4+ stalls | 8 | 0% |
| Finished Square Footage | Sales | % of Market |
|---|---|---|
| Under 1,500 sf | 459 | 27% |
| 1,500–2,000 sf | 354 | 21% |
| 2,000–2,500 sf | 419 | 24% |
| 2,500–3,000 sf | 290 | 17% |
| 3,000–4,000 sf | 163 | 10% |
| 4,000–5,000 sf | 20 | 1% |
| 5,000+ sf | 9 | 1% |
| Lot Size | Sales | % of Market |
|---|---|---|
| Under 5,000 sf | 414 | 24% |
| 5,000–7,500 sf | 808 | 47% |
| 7,500–10,000 sf | 336 | 20% |
| 10,000–15,000 sf | 125 | 7% |
| 15,000–20,000 sf | 17 | 1% |
| 20,000+ sf | 14 | 1% |
How Were NE Portland Homes Financed in 2025–2026?
Conventional financing accounted for 1,197 sales (69.8%), the dominant financing type by a wide margin. Cash purchases totaled 323 (18.8%). FHA financing accounted for 111 sales (6.5%). VA financing totaled 49 sales (2.9%). Other terms accounted for 34 sales (2.0%). Total: 1,714 sales.
NE Portland Closed Sales by Financing Type (2025–2026)
Based on RMLS™ closed sales · Detached residential · RMLS Area 142 · June 2025–May 2026
Clay Edwards, Certified Residential Appraiser · portlandhomeappraiser.com
Need a Home Appraisal in NE Portland?
NE Portland’s 23 distinct neighborhoods span a price range from $439,000 to over $990,000 at the median — automated valuation tools do not capture the localized differences between ZIP codes, lot size, era, and condition that drive value in this market. Get a certified appraisal backed by Scientific Valuation, the top appraisal firm in the Portland area.
Data Source: RMLS™ (Regional Multiple Listing Service). All statistics reflect closed sales of detached residential homes in RMLS Area 142 (NE Portland) for the 12-month period June 2025 through May 2026. Data compiled and analyzed by Clay Edwards, Certified Residential Appraiser, Scientific Valuation, Inc. This market analysis is provided for informational purposes and does not constitute a formal appraisal or guarantee of value for any specific property.