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Ardenwald Ardenwald-Woodstock Brooklyn Central Eastside Clinton Corbett (Terwillger-Lair Hill) Creston-Kenilworth Eastmoreland Eastmoreland-Reed Hosford-Abernathy Inner Southeast Reed Richmond Riverdale Sellwood Sellwood (Sellwood Moreland) Sellwood-Moreland Seven Corners Southeast Portland (Inner Southeast Portland) Southeast Uplift Westmoreland Woodstock

PORTLAND, OR 97202

Real Estate Market Report  ·  Multnomah County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97202

Ardenwald · Ardenwald-Woodstock · Brooklyn · Central Eastside · Clinton · Corbett (Terwillger-Lair Hill) · Creston-Kenilworth · Eastmoreland · Eastmoreland-Reed · Hosford-Abernathy · Inner Southeast · Reed · Richmond · Riverdale · Sellwood · Sellwood (Sellwood Moreland) · Sellwood-Moreland · Seven Corners · Southeast Portland (Inner Southeast Portland) · Southeast Uplift · Westmoreland · Woodstock

Market Analysis

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

The PORTLAND, OR real estate market (97202) currently shows 134 active listings, with 52 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 38 days on market compared to 27 days last year.

The median listing price has fallen 8.8% year-over-year, from $621,975 to $567,463.

Whether you are buying or selling in PORTLAND, 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: 43,687  ·  Density: 2,688.6/mi²  ·  Median household income: $94,983

Typical home value: $656,489  ·  Homeownership: 51.9%

Market Overview

Active Listings
134
⇩ 6.9% vs 144 last year
Pending
52
39% pending ratio
Median Price
$567,463
⇩ 8.8% vs $621,975 last year
Average Price
$649,201
⇩ 5.8% vs $689,425 last year
Days on Market
38
⇧ 40.7% vs 27 days last year

Price Per Square Foot

Median $/sqft
$358
⇧ 0.8% vs $355/sqft last year
Median Home Size
1,667 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 134 this year vs 144 last year
  • Days on market: 38 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $567,463 (-8.8% YoY)
  • Average: $649,201 (-5.8% 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 6.5 miles — 1,284 listings ($1,084,141,505 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97202Portland, OR 972020.0 mi95$57,009,120$497,000$600,096
97214Portland, OR 972142.2 mi41$26,454,184$639,925$645,224
97201Portland, OR 972012.8 mi117$97,775,262$362,250$835,686
97222Portland, OR 972223.1 mi81$41,947,065$417,500$517,865
97219Portland, OR 972193.3 mi154$122,172,820$585,000$793,330
97209Portland, OR 972093.9 mi194$102,954,054$399,900$530,691
97221Portland, OR 972214.2 mi34$66,802,282$999,500$1,964,773
97213Portland, OR 972134.4 mi84$40,141,248$457,450$477,872
97216Portland, OR 972164.7 mi49$15,785,742$304,200$322,158
97034Lake Oswego, OR 970345.4 mi133$296,475,487$1,697,500$2,229,139
97035Lake Oswego, OR 970356.2 mi135$135,394,875$707,000$1,002,925
97220Portland, OR 972206.3 mi68$30,796,588$431,750$452,891
97236Portland, OR 972366.5 mi99$50,432,778$467,500$509,422

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97202?

As of April 2026, there are 134 active listings in PORTLAND, OR (zip code 97202), compared to 144 the prior year.

What is the median home price in PORTLAND, OR 97202?

The median listing price in PORTLAND, OR 97202 is $567,463 as of April 2026, a 8.8% decrease from $621,975 the prior year.

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

Homes in PORTLAND, OR 97202 spend an average of 38 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97202?

Based on current inventory and days-on-market data as of April 2026, PORTLAND, OR 97202 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 38 days on market compared to 27 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97202 save an estimated $11,349 compared to a typical 5% commission on the median listing price of $567,463. 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.