PORTLAND, Ore. — Like politics, all real estate is local.
That's why after several years of identifying the Portland region's most active residential real estate neighborhoods each quarter — with data provided by the Residential Multiple Listing Service (RMLS) — we've decided to get a little more local this time.
We're focusing in on the four metro-area counties to see which of their ZIP codes are the hot spots for house sales, prices and speed of sale.
First up is Washington County, which had 16 ZIP codes in the first quarter of 2021 that tallied 30 or more home sales, the minimum to be ranked in Hottest 'Hoods galleries.
Among the 20 Washington County ZIP codes that had any sales at all last quarter, there were a total of 1,843 homes sold, second-most of metro counties behind Multnomah, which had 2,537 sales.
The average median sale price in Washington County was $499,395, second lowest. Clackamas topped this category at $546,132.
Most noteworthy, houses in this county sold faster than anywhere else in the metro region, at a blistering average median of just 5 days on the market.
Stay tuned for similar galleries for the Portland region's other counties in the coming week.
To rank the top ZIP codes in the Heat Index, we give equal weight to number of home sales, median price and median days on market in data provided by the RMLS. Click on the images above to see which Washington County ZIP codes were hottest for real estate in the chilly months of January, February and March.
The Portland Business Journal is a KGW News partner.
