Why Live in South Waterfront
South Waterfront in Portland is a burgeoning high-rise retail and urban residential neighborhood, part of the city's largest redevelopment project. This area is transforming into a high-density, mixed-use community with a focus on sustainable living. The neighborhood, anchored by the historic Ross Island Bridge, features greenspaces and paved walking trails along the riverfront. Buildings range from six to over 35 stories, including condominiums, apartment buildings, and medical research towers for Oregon Health and Science University’s Center for Health & Healing. South Waterfront is known for its walkability and proximity to downtown Portland, making it a convenient location for residents. Dining options include the highly-rated Lebanese restaurant Al-Hawr, the award-winning Comedor Lilia, and The Growler Guys, known for their craft beer selection. Urbana Market provides a variety of convenience items and fresh foods. The neighborhood hosts several festivals throughout the year, such as the Portland Folk Festival and the India Festival. Elizabeth Caruthers Park and Tom McCall Waterfront Park offer recreational spaces with bocce courts, splash pads, and walking paths along the Willamette River. The area is well-served by Portland's public transportation, including buses, the Portland Streetcar, and the MAX Light Rail. The Portland Aerial Tram connects residents to the Oregon Health and Science University campus. While there are no schools within the neighborhood, Ainsworth Elementary and Jackson Middle are highly rated and located within a 5-mile radius. South Waterfront is bordered by Interstate 5, facilitating easy travel in and out of the neighborhood.
Home Trends in South Waterfront, OR
On average, homes in South Waterfront, Portland sell after 111 days on the market compared to the national average of 52 days. The median sale price for homes in South Waterfront, Portland over the last 12 months is $622,500, up 46% from the median home sale price over the previous 12 months.
Median Sale Price
$622,500
Median Single Family Sale Price
$350,000
Median Townhouse Sale Price
$750,000
Median 2 Bedroom Sale Price
$799,000
Median 1 Bedroom Sale Price
$383,500
Average Price Per Sq Ft
$447
Number of Homes for Sale
29
Last 12 months Home Sales
48
Median List Price
$647,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
46%