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PORTLAND, OR 97202

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

The PORTLAND, OR real estate market (97202) currently shows 116 active listings, with 45 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

The median listing price has fallen 5.9% year-over-year, from $581,000 to $547,000.

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
116
⇧ 6.4% vs 109 last year
Pending
45
39% pending ratio
Median Price
$547,000
⇩ 5.9% vs $581,000 last year
Average Price
$603,200
⇩ 11% vs $677,522 last year
Days on Market
42
vs 42 days last year

Price Per Square Foot

Median $/sqft
$367
⇩ 0.5% vs $369/sqft last year
Median Home Size
1,527 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 116 this year vs 109 last year
  • Days on market: 42 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $547,000 (-5.9% YoY)
  • Average: $603,200 (-11% 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 March 2026, there are 116 active listings in PORTLAND, OR (zip code 97202), compared to 109 the prior year.

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

The median listing price in PORTLAND, OR 97202 is $547,000 as of March 2026, a 5.9% decrease from $581,000 the prior year.

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

Homes in PORTLAND, OR 97202 spend an average of 42 days on the market before going under contract, compared to 42 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 March 2026, PORTLAND, OR 97202 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

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 $10,940 compared to a typical 5% commission on the median listing price of $547,000. 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.