How Much Does It Cost to Sell a $700,000 Home in Portland, Oregon? (2026 Real Breakdown)

Hey Portland homeowners! If you’re thinking about selling your house, one of the first questions on your mind is probably: How much is this going to cost me? I’m Shawn Yu, your local Portland realtor (you can reach me at 503-515-4499 if you want to chat about your specific situation). Today, let’s break down the realistic costs of selling a typical $700,000 home in the Portland area, assuming a conventional sale with a closing date around mid-May 2026. This is a ballpark estimate using common figures— negotiable, especially agent fees. Commissions aren’t set in stone, and other costs can vary by county, lender, and title company. But this gives you a solid starting point.

Quick Net Proceeds Overview

For a $700,000 sale:

• Seller’s net after costs: Approximately $661,167 (based on the example calculation).

That means you’re walking away with roughly $661,000 in your pocket before paying off any mortgage balance. That’s about 94.5% of the sale price.

• Buyer’s agent brokerage fee + Seller’s agent brokerage fee = $39,850 (about 5.7% total, again just an example and all negotiable).

This is a common example, but rates have become more flexible since recent industry changes. Many sellers negotiate listing agent fees around 2.5-3%, and buyer agent concessions (if offered) often fall in the 2-3% range to attract more buyers (fully based on what I have seen so far).

Detailed Closing Costs Breakdown (Seller-Paid)
Beyond commissions, here’s what else comes out at closing (based on typical Portland-area fees):

• Owner’s title insurance policy: $1,650
  (Protects the buyer against title issues—standard for sellers to cover in Oregon.)
• Escrow fee: $1,200
  (Often split, but sellers frequently pay a portion or all in negotiations.)
• Reconveyance/processing fee: $200
  (To release your existing mortgage lien.)
• Transfer tax: $350
  (Only applies in Washington County at about $1 per $1,000 of sale price; most Portland/Multnomah County sales have no transfer tax.)
• Government service/recording fee: $50
  (Basic county recording costs.)

Total non-commission closing costs: Around $3,450 in this example (roughly 0.5% of sale price). Sellers in Oregon typically pay 1-2% total in non-commission closing fees, plus commissions.

Other Important Notes

• Prorated property taxes: The example assumes $7,500 annual taxes, prorated to the May 14, 2026 closing date. You’ll pay your share up to closing—buyers cover the rest.
• Not included here: Your remaining mortgage payoff, any seller concessions (e.g., repairs or buyer closing cost help), staging/prep costs, or capital gains taxes (Don’t forget this because it can be high if you have more equity. consult a tax pro!).
• Location matters: Portland (Multnomah County) has no transfer tax, but if your home is in Washington County, add that small extra fee.

Selling a home in Portland can be straightforward and profitable when you plan ahead. The market is active, but understanding these costs upfront helps you set a realistic listing price and negotiate confidently. Got questions about your home’s value, the best time to list in 2026, staging tips, or how to minimize these fees? Drop me a line at 503-515-4499 happy to help! Thanks for reading. See you in the next one!
Shawn Yu, Portland Korean Realtor 포틀랜드 부동산
(Estimates based on typical 2026 Portland data; actual costs vary. Always verify with your title company, lender, and agent.)