Oregon · as of September 2026
What counts as luxury real estate in Oregon
The convention this site uses
In Oregon, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Oregon's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Cannon Beach | $925,000 | 10 |
| Lake Oswego | $785,000 | 11 |
| Bend | $685,000 | 11 |
| Portland | $515,000 | 14 |
What changes at this price in Oregon
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Oregon has no state transfer tax, and a 2012 constitutional amendment bars new state or local real estate transfer taxes. Washington County's pre-existing transfer tax of $1.00 per $1,000 of price is the only one in the state. Source
- Agency and dual agency
- Oregon permits disclosed limited agency, in which one agent or one brokerage represents both parties, only with the written consent of both buyer and seller, and licensees must deliver the Initial Agency Disclosure Pamphlet at first contact. Source
- Seller disclosure
- Oregon sellers of residential property must deliver the statutory Seller's Property Disclosure Statement, and the buyer may revoke an offer within five business days of receiving it. Source
- State estate or inheritance tax
- Oregon levies its own estate tax on estates above a $1 million exemption, the lowest threshold in the country, with graduated rates from 10 percent to 16 percent. Source