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Cathedral Park Kenton North Portland Portsmouth Saint Johns St. Johns University Park Whitwood Court

PORTLAND, OR 97203

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

Neighborhoods in ZIP 97203

Cathedral Park · Kenton · North Portland · Portsmouth · Saint Johns · St. Johns · University Park · Whitwood Court

Market Analysis

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

The PORTLAND, OR real estate market (97203) currently shows 114 active listings, with 35 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are selling faster, averaging 46 days on market compared to 75 days last year.

The median listing price has fallen 6% year-over-year, from $389,900 to $366,700.

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: 33,327  ·  Density: 1,194.1/mi²  ·  Median household income: $74,493

Typical home value: $447,149  ·  Homeownership: 58.8%

Market Overview

Active Listings
114
⇧ 18.8% vs 96 last year
Pending
35
31% pending ratio
Median Price
$366,700
⇩ 6% vs $389,900 last year
Average Price
$396,906
⇩ 17.1% vs $478,691 last year
Days on Market
46
⇩ 38.7% vs 75 days last year

Price Per Square Foot

Median $/sqft
$334
⇩ 5.1% vs $352/sqft last year
Median Home Size
1,007 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 114 this year vs 96 last year
  • Days on market: 46 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $366,700 (-6% YoY)
  • Average: $396,906 (-17.1% 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 8.7 miles — 1,085 listings ($763,399,570 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97203Portland, OR 972030.0 mi106$43,688,430$381,725$412,155
97210Portland, OR 972104.1 mi75$78,283,425$752,500$1,043,779
98663Vancouver, WA 986635.3 mi43$24,729,343$499,974$575,101
97227Portland, OR 972275.6 mi16$7,981,504$413,000$498,844
97209Portland, OR 972096.2 mi194$102,954,054$399,900$530,691
97231Portland, OR 972316.4 mi27$22,745,853$796,125$842,439
97212Portland, OR 972126.7 mi47$44,999,163$806,950$957,429
97225Portland, OR 972257.4 mi58$47,025,124$656,475$810,778
97201Portland, OR 972017.5 mi117$97,775,262$362,250$835,686
97006Beaverton, OR 970067.6 mi111$48,234,051$363,425$434,541
98685Vancouver, WA 986858.0 mi104$101,978,032$718,750$980,558
98664Vancouver, WA 986648.3 mi69$52,669,839$498,250$763,331
97239Portland, OR 972398.7 mi118$90,335,490$674,900$765,555

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97203?

As of March 2026, there are 114 active listings in PORTLAND, OR (zip code 97203), compared to 96 the prior year.

What is the median home price in PORTLAND, OR 97203?

The median listing price in PORTLAND, OR 97203 is $366,700 as of March 2026, a 6% decrease from $389,900 the prior year.

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

Homes in PORTLAND, OR 97203 spend an average of 46 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 PORTLAND, OR 97203?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97203 is currently a Balanced Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are selling faster, averaging 46 days on market compared to 75 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 97203 save an estimated $7,334 compared to a typical 5% commission on the median listing price of $366,700. 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.