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Portland-area real estate: 10 most in-demand neighborhoods

The first months of the year saw a flurry of real-estate activity and a big jump in home prices. Here are 10 of the hottest neighborhoods this spring, according to an analysis of data provided by the Regional Multiple Listing Service.

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Elliot Njus | The Oregonian/OregonLive

No. 1: East Mill Plain, Vancouver (98664)

In this neighborhood just west of Interstate 205, there were just eight homes on the market at the beginning of April, but 71 homes were sold here in the last three months.

Median sale price: $272,000 (up 4.6 percent year-over-year)

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Elliot Njus | The Oregonian/OregonLive

No. 2: Vancouver Lake, Vancouver (98660)

Another Vancouver neighborhood came in second. It saw 51 sales in the year’s first quarter, but had just six listed for sale at the end of March.

Median sale price: $258,000 (up 10.7 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 3: South Beaverton/Highland, Beaverton (97008)

This area near Southridge High School saw a big jump in the median sale price over past year. It saw 78 sales in the first quarter, but that left only 13 on the market in April.

Median sale price: $380,000 (up 16 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 4: Rockwood/Centennial, Portland (97233)

This area was once the most affordable on this list, but it had the biggest year-over-year jump in price on this list.

Median sale price: $265,000 (up 18.6 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 5: Central Gresham (97030)

This neighborhood, surrounding Gresham City Hall, is narrowly the most affordable on this list. It had 95 sales in the first quarter, leaving just 19 homes on the market in April.

Median sale price: $255,500 (up 9.9 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 6: Tigard/Garden Home (97223)

This is the most expensive neighborhood on this list. It saw 139 sales in the first quarter, leaving 29 on the market. It’s also newly in demand, with 24 percent more sales this year than last.

Median sale price: $399,000 (up 8.9 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 7: Five Corners/Vancouver Mall, Vancouver (98662)

This neighborhood saw home sales jump 30 percent in the past year. It had 161 sales in the first quarter, leaving just 35 on the market in April.

Median sale price: $277,000 (up 13.5 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 8: Milwaukie (97222)

This close-in suburb saw 89 sales in the first quarter, leaving just 20 homes on the market in April.

Median sale price: $320,000 (up 7.4 percent year over year)

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Elliot Njus | The Oregonian/OregonLive

No. 9: Central Beaverton (97005)

This area, just east of Nike World Headquarters, saw 57 sales in the first quarter, leaving just 13 on the market in April.

Median sale price: $269,900 (up 8.2 percent year-over-year)

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Elliot Njus | The Oregonian/OregonLive

No. 10 North Hillsboro/Helvetia (97124)

This large area saw 129 sales in the first quarter of the year, leaving just 30 homes on the market in April.

Median sale price: $375,000 (up 14 percent year over year)

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More market data

Visit our Portland real estate snapshot for a glimpse into the many neighborhoods that make up Portland's real estate market.

-- Elliot Njus