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PORTLAND, OR 97206

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

Neighborhoods in ZIP 97206

Ardenwald-Brentwood · Ardenwald-Woodstock · Arleta · Brentwood · Creston-Kenilworth · Foster-Powell · Inner Southeast · Mt. Scott-Arleta · Outer Southeast · Richmond · South Tabor · Southeast Portland (Inner Southeast Portland) · Southeast Uplift · Woodstock

Market Analysis

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

The PORTLAND, OR real estate market (97206) currently shows 179 active listings, with 63 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34 days on market compared to 37 days last year.

The median listing price has risen 2.8% year-over-year, from $412,000 to $423,450.

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: 51,062  ·  Density: 3,055.7/mi²  ·  Median household income: $86,995

Typical home value: $458,080  ·  Homeownership: 65.1%

Market Overview

Active Listings
179
⇧ 7.2% vs 167 last year
Pending
63
35% pending ratio
Median Price
$423,450
⇧ 2.8% vs $412,000 last year
Average Price
$453,431
⇩ 2.3% vs $464,291 last year
Days on Market
34
⇩ 8.1% vs 37 days last year

Price Per Square Foot

Median $/sqft
$347
⇩ 0.6% vs $349/sqft last year
Median Home Size
1,201 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 179 this year vs 167 last year
  • Days on market: 34 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $423,450 (+2.8% YoY)
  • Average: $453,431 (-2.3% 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 — 1,139 listings ($724,413,330 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97206Portland, OR 972060.0 mi145$66,344,025$427,000$457,545
97202Portland, OR 972022.2 mi95$57,009,120$497,000$600,096
97222Portland, OR 972222.9 mi81$41,947,065$417,500$517,865
97214Portland, OR 972143.1 mi41$26,454,184$639,925$645,224
97232Portland, OR 972323.9 mi22$13,404,710$315,000$609,305
97236Portland, OR 972364.3 mi99$50,432,778$467,500$509,422
97201Portland, OR 972014.8 mi117$97,775,262$362,250$835,686
97220Portland, OR 972205.2 mi68$30,796,588$431,750$452,891
97219Portland, OR 972195.3 mi154$122,172,820$585,000$793,330
97209Portland, OR 972095.4 mi194$102,954,054$399,900$530,691
97205Portland, OR 972055.6 mi50$31,149,600$374,950$622,992
97221Portland, OR 972216.3 mi34$66,802,282$999,500$1,964,773
97218Portland, OR 972186.5 mi39$17,170,842$392,450$440,278

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97206?

As of March 2026, there are 179 active listings in PORTLAND, OR (zip code 97206), compared to 167 the prior year.

What is the median home price in PORTLAND, OR 97206?

The median listing price in PORTLAND, OR 97206 is $423,450 as of March 2026, a 2.8% increase from $412,000 the prior year.

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

Homes in PORTLAND, OR 97206 spend an average of 34 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97206?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97206 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 34 days on market compared to 37 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 97206 save an estimated $8,469 compared to a typical 5% commission on the median listing price of $423,450. 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.