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  • Writer's pictureSheryl Lyons

6% DECREASE in SW PORTLAND HOME VALUES: $643k to $602k 🏡📉



SW Portland Median Home Values are $602k, representing a 6% decrease from the $643k in December 2022. SW Portland Home Values have ranged wildly between December 2020 to 2023, but the average annual home value growth is 4%. This is good news for SW Portland homeowners and home sellers!


The Housing Market has been rocking and rolling for the previous few years in Portland, Oregon, and the surrounding cities of Hillsboro, Beaverton, Tigard, Lake Oswego, Milwaukie, Happy Valley, and Gresham, and negative or smaller appreciation is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges.


The average annual appreciation, or home value growth, should be approximately 4% to 6%. This is a quality return on investment. An annual appreciation of 18% is not the norm or sustainable, and negative or slower growth brings the average appreciation back within the benchmark. Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation. Real estate is a long-term investment; these highs and lows average over the years.


See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡🙋‍♀️

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See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋

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Get Your FREE MONTHLY HOME VALUE REPORT 🏡

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SW Portland Average Annual Home Value Growth - December 2020 to December 2023

SW Portland Home Values - December 2020 to December 2023

2023 Median Home Values - Portland, Oregon and surrounding cities

Average Annual Home Value Growth - 2022 to 2023 - Portland, Oregon and surrounding cities

Average Annual Home Value Growth - 2019 to 2023 - Portland, Oregon and surrounding cities

Average Annual Home Value Growth - 2013 to 2023 - Portland, Oregon and surrounding cities

Average Annual Home Value Growth - 2003 to 2023 - Portland, Oregon and surrounding cities

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