Oregon Home Prices & Values

$239,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 8.4% 1-year change
  • 4.1% 1-year forecast

The median home value in Oregon is $239,000. Oregon home values have gone up 8.4% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in Oregon is $161. The median price of homes currently listed in Oregon is $269,000 while the median price of homes that sold is $250,000. The median rent price in Oregon is $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Oregon 5.0 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oregon is 7.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oregon homeowners underwater on their mortgage is 14.7%.

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Relative ZHVI
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Oregon Market Overview

Data through Aug 31, 2014
  • $239,000 ZHVI
  • 4.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $269,000 Median listing price
  • $250,000 Median sale price
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Oregon Market Health

Data through Aug 31, 2014
  • 5.7/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 14.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5 homes Oregon
4.3 homes United States
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Cities in Oregon

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Portland $302,400 Bend $293,500 Beaverton $287,500
Hillsboro $257,600 Eugene $232,500 Gresham $225,800
Medford $194,400 Springfield $177,700 Salem $177,100

Listings & Sales

Data through Aug 31, 2014
  • $161 Median list price / sq ft
  • $158 Median sale price / sq ft
  • 37.1% Listings with price cut
17.8%
Sold below listing
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Oregon Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,355 Oregon
$1,328 United States
  • No data Breakeven horizon
  • $1,195 Rent list price
  • $1.08 Rent list price / sq ft
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