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BANKS, OR 97106

Real Estate Market Report  ·  Washington County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
16
⇧ 6.7% vs 15 last year
Pending
5
31% pending ratio
Median Price
$949,900
⇧ 22.6% vs $775,000 last year
Average Price
$1,013,809
⇧ 2.1% vs $993,391 last year
Days on Market
123
⇧ 64% vs 75 days last year

Market Context

Population: 4,770  ·  Density: 41.8/mi²  ·  Median household income: $104,402

Typical home value: $488,042  ·  Homeownership: 87.3%

Market Analysis

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

The BANKS, OR real estate market (97106) currently shows 16 active listings, with 5 pending sales. Homes are averaging 123 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 123 days on market compared to 75 days last year.

The median listing price has risen 22.6% year-over-year, from $775,000 to $949,900.

Whether you are buying or selling in BANKS, OR, 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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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 15 last year
  • Days on market: 123 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $949,900 (+22.6% YoY)
  • Average: $1,013,809 (+2.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.5 miles — 784 listings ($573,406,501 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97106Banks, OR 971060.0 mi16$16,220,944$949,900$1,013,809
97116Forest Grove, OR 971165.1 mi92$54,189,748$499,700$589,019
97109Buxton, OR 971096.5 mi1$612,463$612,463$612,463
97144Timber, OR 9714410.2 mi3$2,360,001$625,000$786,667
97113Cornelius, OR 9711311.0 mi44$25,071,816$514,960$569,814
97119Gaston, OR 9711913.1 mi8$9,771,936$735,000$1,221,492
97064Vernonia, OR 9706415.8 mi20$9,630,260$490,000$481,513
97123Hillsboro, OR 9712316.4 mi187$137,315,035$549,950$734,305
97053Warren, OR 9705317.0 mi9$8,563,275$850,000$951,475
97229Portland, OR 9722917.2 mi259$221,917,675$799,000$856,825
97051Saint Helens, OR 9705119.2 mi58$34,710,854$469,700$598,463
97005Beaverton, OR 9700519.6 mi32$14,469,344$435,000$452,167
97225Portland, OR 9722520.5 mi55$38,573,150$629,000$701,330

Frequently Asked Questions

How many homes are for sale in BANKS, OR 97106?

As of January 2026, there are 16 active listings in BANKS, OR (zip code 97106), compared to 15 the prior year.

What is the median home price in BANKS, OR 97106?

The median listing price in BANKS, OR 97106 is $949,900 as of January 2026, a 22.6% increase from $775,000 the prior year.

How long do homes stay on the market in BANKS, OR?

Homes in BANKS, OR 97106 spend an average of 123 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in BANKS, OR 97106?

Based on current inventory and days-on-market data as of January 2026, BANKS, OR 97106 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 123 days on market compared to 75 days last year.

How much can I save on real estate commission in BANKS, OR?

With SELL123.com's maximum 3% commission, sellers in BANKS, OR 97106 save an estimated $18,998 compared to a typical 5% commission on the median listing price of $949,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.