Published August 26, 2025
Lake Oswego Tops Portland’s Price Charts
Lake Oswego Tops Portland's Price Charts
The Portland metro market continues to show remarkable stability this year. In the first half of 2025, the median home price came in at $550,000, with an average of $616,684. That is less than a 2% increase over the same period in 2024, which means prices are holding near historic highs while still showing modest growth.
Home sales volume has also stayed consistent with last year, although activity and price movement varied widely by neighborhood. Some ZIP codes saw significant gains, while others experienced slight declines depending on what hit the market.
Once again, Lake Oswego and Rivergrove (97034) claimed the top spot for the highest median price in the region. It was the only area with a median over $1 million, landing at $1.24 million, up 5% from a year ago. Its average price was even higher at over $1.5 million. With a typical 30-year mortgage payment estimated at $6,475, it remains one of the most exclusive — and least affordable — markets in the metro area.
Rounding out the top five most expensive ZIP codes were Sylvan/Bridlemile (97221), Camas (98607), Beavercreek (97004), and West Linn/Lake Oswego (97068), all with median prices over $800,000 and averages approaching or exceeding $900,000.
Some areas saw especially strong appreciation this year. Goose Hollow/Downtown Portland (97205) saw a 48% jump in its median price to just under $600,000. Banks (97106) rose 35%, and Woodland (98674) increased by 25%. On the flip side, Rhododendron (97049) experienced a 23% drop, Mulino (97042) fell 19%, and Sauvie Island/Burlington (97231) dipped 16%.
Affordability remains a challenge in most of the metro, with only six ZIP codes boasting median household incomes higher than what is needed to afford a median-priced home this year. The most affordable homes can be found in Amity (97101), Beaverton/Aloha (97007), Sheridan (97378), Welches (97067), the Pearl/Old Town (97209), and North Plains (97133).
The bottom line is that our market continues to be competitive and opportunities exist if you know where to look! Whether you are buying, selling, or just curious about your home’s current value, I can help you navigate the numbers and the nuances to make the most of today’s market.
