The frenzied bidding wars of 2017-2018 are long gone, but there are neighborhoods in the Portland metro area in which homes sell much faster than the almost 50 day average.
Using the latest data from the Regional Multiple Listing Service (RMLS), we identified the urban and suburban locales in which homes sold on average in 32 days or less.
Visit our Portland metro real estate dashboard for a glimpse into the many neighborhoods that make up Portland's real estate market.
--Janet Eastman | 503-294-4072
jeastman@oregonian.com | @janeteastman
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In the 97227 ZIP code, there were 13 closed sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 28 days on the market and the median sale price was $533,000.
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2. Rose City Park|Central Northeast Portland
In the 97213 ZIP code, there were 125 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 29 days on the market and the median sale price was $439,900.
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In the 97233 ZIP code, there were 114 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 29 days on the market and the median sale price was $305,000.
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4. Mt. Tabor|Inner Southeast|Southeast Uplift Portland
In the 97215 ZIP code, there were 69 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 30 days on the market and the median sale price was $490,000.
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In the 97116 ZIP code, there were 85 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 30 days on the market and the median sale price was $380,000.
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In the 97008 ZIP code, there were 87 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $419,000.
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7. Sunderland|Central Northeast Portland
In the 97211 ZIP code, there were 138 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $517,000.
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In the 97220 ZIP code, there were 115 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $325,000.
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9. Felida|Vancouver, Washington
In the 98660 ZIP code, there were 59 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $325,000.
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In the 98663 ZIP code, there were 58 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $324,900.
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In the 98683 ZIP code, there were 95 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 31 days on the market and the median sale price was $375,000.
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In the 97027 ZIP code, there were 30 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 32 days on the market and the median sale price was $372,000.
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In the 97203 ZIP code, there were 138 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 32 days on the market and the median sale price was $377,060.
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In the 97216 ZIP code, there were 58 sales in the fourth quarter of 2019. Based on the latest data, homes spent an average of 32 days on the market and the median sale price was $338,000.
Berkshire Hathaway HomeServices Real Estate Professionals
15. Scotts Mills and Timber
Timber and Scotts Mills topped the list of fasting selling neighborhoods, with each boasting an average sale of about a week, but that's based on only one residential property closing in each zip code in the last three months of 2019.
In Scotts Mills' 97375 ZIP code, the one closed sale in the fourth quarter of 2019 spent eight days on the market and the sale price was $350,000.
The Craftsman-styled house, built in 1920 on 0.7 acres (seen here), sold on Oct. 29, 2019 and has three bedrooms, two bathrooms and 1,769 square feet of living space, says listing agent John Tate of Berkshire Hathaway HomeServices Real Estate Professionals.
In Timber's 97144 ZIP code, there was one sale in the fourth quarter of 2019. Based on that data, homes spent an average of seven days on the market and the median sale price was $299,750.
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