By Living Room Realty, October 3, 2019
Oregon ranks 8th highest in Business Insider’s list of most expensive places to buy a house in the US according to median listing price using data from 2018.
The median list price – the midpoint between less and more expensive homes – for a residential property in Portland is now $486,000, just $14,000 shy of a half-million dollars, according to real estate database Redfin.
How did we climb to this?
According to the US Census, new US homes cost $25,600 in 1969, $62,900 in 1979, $120,000 in 1989, $161,000 in 1999, $216,700 in 2009 and $326,400 in 2018.
In this real estate gallery compiled in The Oregonian by Janet Eastman, we look at Portland homes listed for sale around $486,000.
Wilkes neighborhood: 15642 NE Clackamas Court is listed at $485,877. The two-level Craftsman-inspired house, built in 2019 on a 9,997-square-foot lot, has four bedrooms, three bathrooms and 2,369 square feet of living space.
Rose City Park neighborhood: 1637 NE 48th Ave is listed at $488,850. The English Tudor Revival-style house, built in 1937 on a 4,791-square-foot lot has two bedrooms, one bathroom, and 1,521 square feet of living space.
Beaumont-Wilshire neighborhood: 3321 NE 38th Ave is listed at $489,000. The house, built in 1925 on a 3,484-square-foot lot has three bedrooms, two bathrooms, and 1,835 square feet of living space.
Montavilla neighborhood: 925 NE 74th Ave is listed at $489,900. The updated farmhouse, built in 1890 on a 4,791-square-foot lot, has four bedrooms, two bathrooms and 2,578 square feet of living space.
Mt Tabor neighborhood: 7079 SE Thorburn St is listed at $489,900. The three-level, contemporary style townhouse, built in 2019 has three bedrooms, 2.5 bathrooms, and 1,957 square feet of living space.
Linnton neighborhood: 10456 NW 2nd St is listed at $489,900. The Georgian-style townhouse, built in the 1928 Linnton School, has two bedrooms, 2.5 bathrooms, and 2,277 square feet of living space.
“An open floor plan, two bedrooms plus den, a large terrace and patio make this an entertainer’s delight,” says listing agent Paul D’Souza of Living Room Realty.
Multnomah Village: 7316 SW 29th Ave is listed at $489,999. The bungalow, built in 1929 on a 4,791-square-foot lot, has three bedrooms, two bathrooms and 1,740 square feet of living space.
Piedmont neighborhood: 165 N Morgan St is listed at $490,000. The three-level, contemporary townhouse, built in 2019 on a 1,742-square-foot lot, has two bedrooms, 2.5 bathrooms, and 1,381 square feet of living space.
Downtown Portland: 1920 SW River Drive Unit E560 is listed at $494,900. The corner condo, built in 2006 in the Strand Condominiums, has one bedroom, one bathroom, and 1,033 square feet of living space.
Ridgeline at Bethany neighborhood: 7650 NW Kaiser Rd is listed at $494,990. The Craftsman-style home, built in 2019, has four bedrooms, 2.5 bathrooms and 1,642 square feet of living space.
