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Chinatown (Old Town) Downtown

PORTLAND, OR 97204

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97204

Chinatown (Old Town) · Downtown

Market Analysis

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

The PORTLAND, OR real estate market (97204) currently shows 2 active listings, with 1 pending sales. Homes are averaging 101 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 101 days on market compared to 20 days last year.

The median listing price has risen 87.2% year-over-year, from $320,000 to $599,000.

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: 1,008  ·  Density: 1,578.7/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 6.1%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$599,000
⇧ 87.2% vs $320,000 last year
Average Price
$599,000
⇧ 87.2% vs $320,000 last year
Days on Market
101
⇧ 405% vs 20 days last year

Price Per Square Foot

Median $/sqft
$289
⇩ 20.6% vs $364/sqft last year
Median Home Size
2,074 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 101 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $599,000 (+87.2% YoY)
  • Average: $599,000 (+87.2% 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 7.0 miles — 1,427 listings ($926,866,252 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97209Portland, OR 972091.0 mi194$102,954,054$399,900$530,691
97205Portland, OR 972051.3 mi50$31,149,600$374,950$622,992
97232Portland, OR 972321.6 mi22$13,404,710$315,000$609,305
97239Portland, OR 972392.2 mi118$90,335,490$674,900$765,555
97202Portland, OR 972022.9 mi95$57,009,120$497,000$600,096
97215Portland, OR 972153.6 mi31$24,193,020$655,000$780,420
97213Portland, OR 972133.8 mi84$40,141,248$457,450$477,872
97219Portland, OR 972194.6 mi154$122,172,820$585,000$793,330
97225Portland, OR 972254.8 mi58$47,025,124$656,475$810,778
97217Portland, OR 972175.5 mi158$71,389,298$400,000$451,831
97220Portland, OR 972206.0 mi68$30,796,588$431,750$452,891
97266Portland, OR 972666.1 mi92$40,095,348$399,900$435,819
97229Portland, OR 972297.0 mi303$256,199,832$798,000$845,544

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97204?

As of June 2026, there are 2 active listings in PORTLAND, OR (zip code 97204), compared to 1 the prior year.

What is the median home price in PORTLAND, OR 97204?

The median listing price in PORTLAND, OR 97204 is $599,000 as of June 2026, a 87.2% increase from $320,000 the prior year.

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

Homes in PORTLAND, OR 97204 spend an average of 101 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97204?

Based on current inventory and days-on-market data as of June 2026, PORTLAND, OR 97204 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 101 days on market compared to 20 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 97204 save an estimated $11,980 compared to a typical 5% commission on the median listing price of $599,000. 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.