5 Portland Homes for Sale with Price Drops $50K+

For the past two years, we’ve been hearing plenty about the current seller’s market created by low inventory and eager buyers. Many homes are selling in record time, and people have gone to great lengths to land a deal on the home of their dreams.

That said though, the Portland real estate market is actively cooling now, which leads to price drops. That’s good news for you, the buyer!

We have the full map of all Portland homes for sale.

We looked around and found these five homes for sale in SE Portland with price drops of $50K and over. To find these homes, we selected “Single Family,” “Biggest Price Drops Last 7 Days,” and zoomed in on the southeast quadrant on the map.

If you’ve been thinking of buying and have yet to find what you’re looking for, one of the homes below could be waiting just for you.

1. 4624 SE Center St

This charming SE Portland Bungalow features a cozy wood fireplace, built-ins, and hardwood floors. On the main level, you’ll find a formal dining room, two bedrooms, one bath, and a kitchen with fridge, oven, dishwasher. The full-sized, unfinished basement has a laundry area with washer and dryer and loads of potential. The upper exterior entrance leads to one bedroom, one bathroom, and a bonus room with hardwoods, along with a second kitchen with a fridge, stove, and dishwasher. Enjoy views of the large back yard from the upper deck. The home also boasts a large concrete patio, mature well-maintained landscaping, a long driveway for extra parking, and a great location near Trader Joes. Price Drop: $50K

2. 5022 SE Franklin St

Come see this charming move-in ready Craftsman style home in the highly desirable Richmond neighborhood. The home was newly remodeled at the end of 2021, featuring a new roof, gutters, exterior/interior paint, deck platform, flooring, windows, interior doors/trims, kitchen with quartz countertops, gas furnace, water heater, A/C, electrical panel and meter box, plus two updated bathrooms! It has a great open floor plan, lots of windows for natural light, beautiful built-ins, big bedrooms, and a 677-square foot garage plus RV parking. Price Drop: $50K

3. 7730 SE 45th Ave

This restored 1913 SE PDX gem is loaded with period detail and boasts hardwood floors, large living and dining rooms, and an updated kitchen with custom cabinets and granite counters. The primary bedroom has a den/office, and there’s a lower family room and workshop with an outside entrance (possible ADU or AirBnB?). The home also has ample storage, a garage, and an updated roof, windows, plumbing, electrical, HVAC, decks, and more! Enjoy the large front deck and fenced yard with a lush lawn, mature trees, and garden. Walk to parks, schools, Springwater trail, Woodstock shopping and restaurants, and more! Price Drop: $50K

4. 3914 SE 9th Ave

Don’t miss this exceptional opportunity to own a vintage Craftsman in close-in SE with a well-crafted second dwelling ready to convert to an ADU, as well as a basement with an outside entrance and tall ceilings, ready to finish. Enjoy it as is or add two additional living spaces. Revel in the big front porch, dreamy sunroom with views to the serene gardens, a retreat-like primary suite upstairs with cathedral ceilings, gracious formal rooms with original features, and loads of light. Price Drop: $55K

5. 4512 SE Ivon St

You won’t believe this fabulous remodeled rare late 30’s Bungalow! There’s a cook’s kitchen with stainless appliances and quartz counters, hardwoods, a wood fireplace, and custom built-ins. The upper bedroom has cathedral ceilings and abundant storage. The finished basement has a separate entrance, guest quarters, and workshop. A fig tree, garden beds, and patio grace the huge backyard, and there’s also a garden shed for all your tools. This is an excellent opportunity for an ADU or multi-generational space, not to mention the home’s sweet location near Mt. Tabor hiking and shops and restaurants on Division. Price Drop: $80K

Ready to Find the Best Real Estate Deal?

If you’re ready to take advantage of a recent price drop or you’re just getting started and want to look around, our top 1% buyer’s agents are here to help. Call us at 503-773-0000 or chat with the bot on our site. We can’t wait to put our 18 years of experience in the Portland metro area to work for you.