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County Overview

Multnomah County, Oregon

Aggregate real estate market report across county ZIPs
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2,244
⇧ 0.4% vs 2,236 last year
Pending
594
26% pending ratio
Median Price
$477,683
⇩ 5.6% vs $505,924 last year
Average Price
$579,842
⇩ 7.6% vs $627,254 last year
Days on Market
94
⇧ 3% vs 91 days last year

Market Analysis

Data as of January 2026. Source: Realtor.com.

The Multnomah County, Oregon real estate market currently shows 2,244 active listings, with 594 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 94 days on market compared to 91.3 days last year.

The median listing price has fallen 5.6% year-over-year, from $505,924 to $477,683.

Whether you are buying or selling in Multnomah County, Oregon, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Included Areas

Portland: 97208, 97209, 97218, 97220, 97228, 97231, 97238, 97253, 97254, 97256, 97266, 97280

Downtown: 97204, 97207, 97250, 97252

Bridal Veil: 97010

Hazelwood: 97216

Old Town: 97251

Eastmoreland: 97242

Hosford-Abernethy: 97240

Hillsdale: 97239

Pleasant Valley: 97236

Centennial: 97233

Kerns: 97232

Wilkes: 97230

Overlook: 97227

Bridlemile: 97221

Market Context

ZIP coverage: 54  ·  Population: 801,225  ·  Median household income: $85,009

Typical home value: $525,235  ·  Homeownership rate: 56.1%

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings