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Home prices across Oregon have remained stable over the past year, but what will the market do in 2026?
In recent years, home prices in Oregon have seen above-average gains. This was largely due to the still-lingering imbalance between supply and demand. (Lots of buyers, not enough homes for sale.)
However, the Oregon housing market slowed down somewhat to a more “normal” rate of price growth over the recent past. Right now, the average price for a home in Oregon is $487,843, as per Zillow. Prices have dipped slightly by 0.8% over the past 12 months.
Oregon is currently experiencing tight housing inventory. Right now, Oregon has only a 3-month supply of inventory across the state.
That’s lower than the 5- to 6-month supply that characterizes a balanced market. As such, buyers have less to choose from when it comes to buying a home in Oregon.
While prices in Oregon have not increased over the past year, they are expected to inch up modestly over the next 12 months.
Further, the number of listings on the market in Oregon continues to be low compared to the number of buyers looking. Oregon continues to experience a significant housing supply crunch, which can contribute to rising home prices.
Over the past year, mortgage rates generally eased from prior highs, fluctuating but trending slightly lower as inflation cooled and markets anticipated policy shifts.
Volatility remained, keeping affordability tight for many buyers. In 2026, rates are expected to move gradually lower or stabilize, rather than fall sharply. Most forecasts point to modest declines as economic conditions normalize, continuing to influence buyer demand and housing activity.
Rates directly impact mortgage costs. Use our mortgage calculator to estimate how much your mortgage may cost you in Oregon.
The real estate market in Oregon continues to remain relatively healthy. Typically, the housing market sees an uptick in the spring season as more buyers begin looking for homes, with a strong summer anticipated.
Home prices may increase at a healthy pace, in addition to a slight uptick in sales over the coming months. People who live in congested centers like NYC are looking at places like Portland and other Oregon cities. This could lead to an influx of buyers and residents to Oregon while allowing buyers to take advantage of relatively affordable home prices.
According to RedFin, as of January 2026, homes in Oregon sell after 60 days on the market. In December 2025, the number of homes sold was up 4.9% from the same month the year before.
Disclaimer: This article includes forecasts and predictions relating to the Oregon real estate market in 2026 and beyond. Such statements were provided by third parties not associated with our company. We have curated and compiled them here as an educational service to our readers.
If you are in need of a home loan, we’d love to help. Sammamish Mortgage has been serving borrowers across Washington, Idaho, Oregon, Colorado, and California since 1992. We offer a variety of mortgage programs with flexible criteria. Check out our conforming loan limit and FHA loan limit pages for 2026 to help you budget for a new home. Please contact us if you have financing-related questions, if you’d like to get an instant rate quote, or to get pre-approved for a mortgage.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
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