Year over year, Kerns’ rolling three-month typical home value has fallen sharply, dropping more than 40 percent, while median list prices are down by a smaller but still notable amount. Compared with the broader Portland market, where prices have been roughly flat over the past year, this signals a relative cooling in Kerns values.
From the latest rolling three-month snapshot ending in April 2026, homes are typically listed around the mid-$500,000s, and the market shows 3.7 months of supply, down significantly from a year ago but higher than at the end of 2024. Even with lower prices, only about 10 percent of homes are selling above list, and the average sale-to-list ratio sits just under 100 percent, indicating that buyers have a bit more room to negotiate than they did in prior years.
Conditions have also shifted in terms of pace and availability, with active listings up modestly from a few months ago while homes sold and pending sales are holding relatively steady. Properties are spending a median of about two weeks on the market in the current period, much faster than a year ago’s elevated timelines, suggesting well-priced homes can still move quickly. In a market where pricing trends, negotiation power, and speed are all changing at once, both buyers and sellers in Kerns can benefit from Agent Pronto’s help in finding an agent who understands these dynamics.
