4-week rolling average · Data through March 12, 2026 · ZIP 97201
Southwest Hills, Portland is showing an interesting pricing dynamic, with a median sale price of $1,489,000 sitting significantly above the median list price of $385,000, suggesting the market is heavily influenced by higher-end home sales closing above initial expectations. The market temperature is rated warm at a 67 out of 100, with 173 active homes for sale and a median days on market of 37 days. Price per square foot currently stands at $350.94, giving buyers and sellers a useful benchmark across this premium Portland neighborhood.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $236K | $1K/mo |
| 2BR | $385K | $2K/mo |
| 3BR | $849K | $4K/mo |
| 4BR | $1.35M | $5K/mo |
| 5BR | $2.10M | $8K/mo |
| 6BR | $4.35M | — |
| 7BR | $975K | — |
| 8BR | $620K | — |
With a median sale price of $1,489,000 and a warm market temperature score of 67, sellers in Southwest Hills are in a favorable position to attract serious buyers. Homes are moving at a median of 37 days on market, so pricing competitively from the start will be key to maximizing your final sale price.
Buyers in the 97201 zip code should be prepared for a wide price range, with 2-bedroom homes sitting at $385,000 and 4-bedroom homes reaching $1,349,999, so aligning your budget to your bedroom needs is essential. At a 30-year mortgage rate of 6%, getting pre-approved early will help you move confidently in a market where homes average 37 days before going under contract.
The rental market in Southwest Hills shows 283 rental units available with a median rent of $1,550, and a 2-bedroom rental averaging $2,020 per month against a 2-bedroom purchase price of $385,000, which may offer a reasonable entry point for buy-and-hold investors. Larger units command significantly higher rents, with 4-bedroom rentals at $4,500 and 5-bedroom rentals at $7,550 per month, making larger properties worth analyzing for stronger cash flow potential.
The current 30-year fixed mortgage rate stands at 6% and the 15-year fixed rate is at 5.43%, giving buyers who can manage higher monthly payments on the shorter term a meaningful rate advantage. Locking in a rate now and evaluating both loan structures against your long-term plans could result in significant interest savings over the life of your loan.
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Market intelligence by FarmPosts