Sell My House Portland — We Buy Houses for Cash

We are cash home buyers in Portland, Oregon. If you want to sell your Portland house fast without repairs, showings or agent fees, the offer takes 24 hours.

Portland has slowed, and condition is the reason

We buy houses Portland homeowners cannot afford to list — inherited, behind on payments, tenant-occupied, or just done.

Portland's median sale price was $524,653 over the three months ending August 2026, down 3.6% from the same stretch last year, with homes going under contract in a median of 19 days. Nineteen days sounds fast, and for the offer it is. Getting an offer is not the same as getting paid, though, and in a market where prices are actually falling, the weeks between those two things are weeks a buyer can spend deciding your roof is now their problem.

One in three Portland homes was built before 1950

Portland has the oldest housing stock of any Oregon city with more than 25,000 residents. The median Portland home was built in 1966 — a full decade older than the next-oldest large Oregon city, Springfield at 1976 (Census ACS 2020–2024, Table B25035).

Go further back and it gets more striking. 105,295 Portland homes — 34.2% of the entire city — were built before 1950, and 63.4% predate 1980 (Table B25034). Sellwood, Woodstock, St. Johns, Montavilla, Buckman and most of inner Southeast sit squarely in that bracket.

Old Portland houses come with buried oil tanks

Before natural gas reached most of the city, Portland homes were heated with fuel oil from a tank buried in the yard. A lot of those tanks are still down there. Oregon never required registration, so no master list exists — but Oregon DEQ recorded 592 heating oil tanks decommissioned in fiscal year 2025 alone, most of them at single-family and duplex homes (Oregon DEQ, Heating Oil Tanks).

A tank does not make a house unsellable. It makes it slow. Lenders will generally want the appraisal made subject to a tank inspection, and the inspection, decommissioning and soil report together can run weeks. DEQ publishes its own buying-or-selling guidance on this, and we walked through the full process in The Buried Oil Tank That Kills Portland Home Sales.

Nearly half of Multnomah County is renting

46.6% of occupied homes in Multnomah County are rentals — the highest share of any county in Oregon — and the county's median home was built in 1972, the oldest of any large Oregon county (Census ACS 2020–2024). Tired rentals inside old housing is the exact combination that produces a lender punch list.

It also produces occupancy problems. We put a Milwaukie property under contract with someone living in it who had no bill in their name, walked our buyer through Oregon's HB 3522 so he understood what he was actually taking on, and it closed in 21 days instead of turning into a six-month eviction. The whole story is here.

We buy in Portland, but we are not a Portland company

Our office is in Cottage Grove, down in Lane County. We buy in Portland regularly, and most of what we put under contract we assign to buyers who work that market every day — which is the honest version of how this works and why we can move fast on a house we have never seen listed. Gerren Castle is registered with the State of Oregon as a residential property wholesaler, #201264508, as required under HB 4058, and what we make on a deal is on our wholesaler disclosure page. See the rest of what we buy across Multnomah County.

Two different Portland medians, two different meanings

Look up Portland on two sites and you get two different answers. Redfin says the median home sold for $524,653, -3.6% year over year. Zillow says the typical Portland home is worth $527,359, +0.3% over the past year.

Portland's list-to-close timeline

Redfin puts the median time on market in Portland at 19 days over the three months ending August 2026 (Redfin Data Center — Portland, OR). That number is worth reading carefully, because it is not what most sellers think it is.

So the honest number for Portland is roughly 19 days to an accepted offer, then another month to six weeks to funding — call it 49 to 64 days before the money is actually yours, and that assumes nothing falls through. We close in as little as 7 days, and our offer does not depend on somebody else’s lender.

If you would rather sell your Portland house for cash than fix it up and list it, that is exactly what we are built for — we pay cash for houses in any condition, and the closing date is yours to pick.

Tracing every Portland figure

Market figures on this page are Redfin’s, for Portland city, three months ending August 2026 — median sale price, year-over-year change and median days on market, all from Redfin’s Portland housing market page, which Redfin calculates from MLS and public-record data. Population, housing age, tenure, income and mortgage figures are U.S. Census Bureau American Community Survey 2020–2024 five-year estimates, linked individually above. County-level listing data comes from Realtor.com by way of the Federal Reserve Bank of St. Louis: median days on market in Multnomah County.