Oregon Real Estate Market Shifts to Buyers’ Advantage as Inventory Grows and Prices Stabilize

Oregon’s residential real estate market is experiencing a gradual rebalancing in buyers’ favor. As of October 2025, median home prices reached $513,600, up 1.0% year-over-year, while inventory continued its upward trajectory.

Real estate data shows October 2025 saw 20,287 homes for sale in Oregon, up 6.4% compared to the previous year. The median time on market extended to 51 days, up 9 days year-over-year, giving buyers more time to evaluate options and negotiate terms.

“The market is becoming more balanced after years of intense seller advantage,” noted Portland-area real estate analysts. “We’re seeing more price reductions on listed properties, which signals a shift in market dynamics.”

However, market conditions vary significantly across Oregon’s major metros. Portland, Bend, and Eugene continue attracting net population inflow, with population migration data showing inbound moves of 10,500, 5,400, and 4,200 respectively during the August through October 2025 period.

High mortgage rates remain a limiting factor for many potential buyers, even as prices stabilize. Industry forecasts suggest that once mortgage rates become more favorable, a significant group of sidelined buyers will re-enter the market, potentially creating a surge in home sales.

Rental property investors remain active in Oregon’s market, with limited inventory still providing income stability despite reduced price appreciation potential. The state’s overall economic stability and job growth continue to support property values, though growth rates have moderated from previous years.