Why Live in Reed
Reed, the smallest neighborhood in Southeast Portland, is primarily known for Reed College, which occupies much of its 439 acres. The college's century-old, East Coast-style brick buildings and public-access lake with surrounding trails provide a park-like setting for residents. The neighborhood features a mix of quintessential old Portland bungalows, mid-century ranch-style homes, and newer farmhouses. Despite its proximity to Downtown Portland, less than 4 miles away, Reed maintains a residential feel with mature tree-lined streets and limited commercial activity. Local highlights include Heretic Coffee Co., Gigantic Brewing, and food carts like Breaking Buns. For more dining options, residents often venture to nearby South East Powell Boulevard and South East Woodstock Boulevard. Reed offers access to highly rated schools, including Hosford Middle and Cleveland High, known for their dual language programs. The proximity of Reed College means that residents can attend a regular calendar of campus lectures, musical performances, and athletic events. Off-campus, residents enjoy venues like the Clinton Street Theater, Aladdin Theater, and Oaks Amusement Park. Grocery shopping is convenient with Trader Joe’s, Safeway, and New Seasons Market nearby. Public transportation options include TriMet buses and a light rail station, with Portland International Airport just 11 miles away. Medical care is accessible at nearby hospitals such as Adventist Health Portland and Providence Portland Medical Center.
Home Trends in Reed, OR
On average, homes in Reed, Portland sell after 28 days on the market compared to the national average of 52 days. The median sale price for homes in Reed, Portland over the last 12 months is $650,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$650,000
Median Single Family Sale Price
$655,000
Median 2 Bedroom Sale Price
$362,450
Average Price Per Sq Ft
$348
Number of Homes for Sale
11
Last 12 months Home Sales
39
Median List Price
$614,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
15%
