Why Live in Palisades
Palisades, the largest neighborhood in Lake Oswego, Oregon, is a hilly community stretching past Oswego Lake's southern shore. Known for its picturesque views and waterfront lifestyle, Palisades offers a mix of midcentury modern, contemporary, Cape Cod, and Craftsman homes. The neighborhood features spacious properties, many with grassy lawns and attached garages, and a mix of HOA and non-HOA homes. Residents benefit from highly rated schools, including Westridge Elementary, Hallinan Elementary, Lakeridge Middle, and Lakeridge High School, which offer various programs and extracurricular activities. The neighborhood is safer than the national average, providing a low crime risk environment. Palisades is home to the 42-acre Cooks Butte City Park and the temporarily closed Lake Oswego Golf Course, with nearby attractions like Luscher Farm City Park. While not a retail hub, residents have access to the Palisades Business District for groceries and the Lake Grove Shopping Center for retail needs. Dining options include Oswego Hills Vineyard and Winery, Domaine Serene Wine Lounge, Holy Taco, and Bamboo Sushi. The community fosters a strong sense of togetherness with block parties, community events, and volunteer efforts. Palisades is car-dependent, with downtown Lake Oswego just 2 miles away and downtown Portland around 10 miles north. Major employers like Providence Milwaukie Hospital, Nike, and Intel are within a reasonable driving distance. The Portland International Airport is approximately 20 miles away, making travel convenient for residents.
Home Trends in Palisades, OR
On average, homes in Palisades, Lake Oswego sell after 68 days on the market compared to the national average of 70 days. The median sale price for homes in Palisades, Lake Oswego over the last 12 months is $374,180, down 28% from the median home sale price over the previous 12 months.
Median Sale Price
$374,180
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$309,990
Median 2 Bedroom Sale Price
$725,000
Median 1 Bedroom Sale Price
$599,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
15
Last 12 months Home Sales
99
Median List Price
$454,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-28%
