Irvington, Portland, OR Real Estate Market

With a median sale price of $899,900 surpassing the median list price of $835,000, sellers in Irvington are regularly achieving more than their asking price. A median of just 7 days on market means well-priced homes are moving fast, giving sellers significant leverage in negotiations.

Buyers in Irvington should be prepared to act quickly, as homes are selling in a median of only 7 days and final sale prices are outpacing list prices, with a median sale of $899,900 against a median list of $835,000. With only 86 active listings available, options are limited and having financing fully in order before touring homes is essential.

The median rent in Irvington sits at $1,695 per month, while the median sale price is $899,900, producing a gross rent yield of roughly 0.19% per month on a typical purchase. Investors targeting smaller units may find better entry points, as 1-bedroom homes are priced at $299,000 with rents of $1,425 per month, offering a more favorable income-to-price ratio within the same zip code.

The current 30-year fixed mortgage rate of 6.00% and the 15-year rate of 5.43% remain key factors in affordability calculations for this high-priced market. On a median-priced home of $899,900 with a typical down payment, buyers should carefully model monthly payments at these rates before committing to a purchase in this competitive neighborhood.