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County Overview

Multnomah County, OR

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

Market Analysis

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

The Multnomah County, OR real estate market currently shows 3,511 active listings, with 781 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has tightened compared to last year, with 86 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 66 days on market compared to 68 days last year.

The median listing price has fallen 1.5% year-over-year, from $499,900 to $492,450.

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Market Context

Market Context

Population: 801,225  ·  Density: 2,229.1/mi²  ·  Median household income: $85,009

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

Included Areas

Portland: 97202, 97204, 97206, 97207, 97208, 97209, 97214, 97216, 97218, 97220, 97221, 97228

Bridal Veil: 97010

Corbett: 97019

Fairview: 97024

Gresham: 97030

Gresham Butte: 97080

Portland Heights: 97201

Saint Johns: 97203

Arlington Heights: 97205

Forest Park: 97210

Sunderland: 97211

Irvington: 97212

Rose City Park: 97213

Mount Tabor: 97215

Area Map

Market Overview

Active Listings
3,511
⇩ 2.4% vs 3,597 last year
Pending
781
22% pending ratio
Median Price
$492,450
⇩ 1.5% vs $499,900 last year
Average Price
$632,837
⇩ 2.3% vs $647,809 last year
Days on Market
66
⇩ 2.9% vs 68 days last year

Price Per Square Foot

Median $/sqft
$310
⇩ 3.1% vs $320/sqft last year
Median Home Size
1,597 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.7%
Listings with no price change
Price Reduced
0.3%
⇧ 1.9% vs 0.3% last year
Price Increased
0%
⇧ 3.9%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %