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Washington and Oregon are both located in the Pacific Northwest, but how do their housing markets compare?
Median and average home prices in Oregon and Washington were actually somewhat similar as of mid 2026, But it’s a different story when you drill down to the city and metro level.
This article provides an updated comparison of Washington State vs. Oregon, from a housing costs perspective.
The first thing you should know is that the median home prices for Washington and Oregon are not that far off. As of March 2026, the median value in Oregon was $487,541, according to Zillow. In Washington State, the median home price was around $585,669 during that same month. So, at the statewide level, Washington is a bit more expensive than Oregon in terms of housing costs.
Of course, home prices can change quite a bit from one city to the next, even within the same state. So let’s drill down a bit.
As of March 2026, the median home price for the state of Oregon was around $487,541, as mentioned. That marked a year-over-year decrease of around 0.9% from the same month last year (based on data provided by Zillow). However, this trend is expected to reverse course somewhat in 2026.
Statewide, prices are expected to rise very modestly throughout 2026. So, home buyers in Oregon who put off their purchases until later next year could encounter slightly higher housing costs and lower affordability.
Here are the March 2026 median home prices for the 3 most populous cities in Oregon:
In all three of these cities — and across much of Oregon — house values are expected to continue inch up modestly in 2026. But they could do so at a slower pace than what we’ve seen in the past.
As noted above, the median home value for the state of Washington was $585,669 as of March 2026, which is higher than where Oregon is for that same month.
The median price in Washington State dipped by around 0.5% YOY, according to real estate reports. That said, home values in Washington are expected to continue climbing in 2026 at a modest pace.
So at the broader state level, housing costs are a bit different in Washington and Oregon. But there’s more variance when you drill down to the city level.
Here are the current median home prices for the 3 most populous cities in Washington:
As you can see, Seattle surpasses all of the other cities mentioned above (in both states) in terms of home prices.
Related: Seattle vs. Portland price comparison
The bottom line: At the state level, median home values are a bit different in Oregon and Washington State, though the price gap has widened a bit over the past couple of years. But it can vary quite a bit at the city level.
Some of the highest prices in this part of the county are occurring in the Seattle area, including Bellevue and Sammamish. The median value in Portland, the most populous city in Oregon, has settled into the upper-$500,000 range.
Pro Tip: Check out our 2026 Conforming Loan Limits and FHA Loan Limits pages to help you understand how much you can borrow with a specific mortgage program.
If you’re ready to apply for a home loan in Washington or Oregon, or are simply looking for answers to your questions, Sammamish Mortgage is ready to help. We are a family-owned and operated mortgage company serving the entire Pacific Northwest region since 1992. We currently lend in all of Washington, Colorado, Oregon, California, and Idaho, and offer many mortgage programs to borrowers across the region, including 15-year fixed-rate mortgages, 30-year fixed-rate mortgages, and adjustable-rate mortgages (ARMs). Visit our website to get an instant rate quote or to use our online mortgage calculator. Or, call Sammamish Mortgage today 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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