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BANKS, OR 97106

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The BANKS, OR real estate market (97106) currently shows 14 active listings, with 5 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 76 days on market compared to 39 days last year.

The median listing price has risen 16.5% year-over-year, from $770,000 to $897,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
14
⇩ 12.5% vs 16 last year
Pending
5
36% pending ratio
Median Price
$897,000
⇧ 16.5% vs $770,000 last year
Average Price
$825,250
⇩ 10.1% vs $917,983 last year
Days on Market
76
⇧ 94.9% vs 39 days last year

Price Per Square Foot

Median $/sqft
$289
⇧ 5.9% vs $273/sqft last year
Median Home Size
3,200 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 16 last year
  • Days on market: 76 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $897,000 (+16.5% YoY)
  • Average: $825,250 (-10.1% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.5 miles — 866 listings ($632,291,234 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97106Banks, OR 971060.0 mi14$12,207,650$839,950$871,975
97116Forest Grove, OR 971165.1 mi101$60,660,297$499,925$600,597
97109Buxton, OR 971096.5 mi1$895,000$895,000$895,000
97144Timber, OR 9714410.2 mi2$999,998$499,999$499,999
97113Cornelius, OR 9711311.0 mi50$29,285,150$499,240$585,703
97119Gaston, OR 9711913.1 mi9$10,590,147$856,750$1,176,683
97064Vernonia, OR 9706415.8 mi21$10,472,805$488,750$498,705
97123Hillsboro, OR 9712316.4 mi200$142,205,200$544,500$711,026
97053Warren, OR 9705317.0 mi13$12,879,763$884,875$990,751
97229Portland, OR 9722917.2 mi303$256,199,832$798,000$845,544
97051Saint Helens, OR 9705119.2 mi59$33,917,743$459,975$574,877
97005Beaverton, OR 9700519.6 mi35$14,952,525$447,450$427,215
97225Portland, OR 9722520.5 mi58$47,025,124$656,475$810,778

Frequently Asked Questions

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

As of March 2026, there are 14 active listings in BANKS, OR (zip code 97106), compared to 16 the prior year.

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

The median listing price in BANKS, OR 97106 is $897,000 as of March 2026, a 16.5% increase from $770,000 the prior year.

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

Homes in BANKS, OR 97106 spend an average of 76 days on the market before going under contract, compared to 39 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 March 2026, BANKS, OR 97106 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 76 days on market compared to 39 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 $17,940 compared to a typical 5% commission on the median listing price of $897,000. 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.