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Chinatown (Old Town) Northwest District Pearl The Bucket

PORTLAND, OR 97209

Real Estate Market Report
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97209

Chinatown (Old Town) · Northwest District · Pearl · The Bucket

Market Analysis

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

The PORTLAND, OR real estate market (97209) currently shows 216 active listings, with 22 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has tightened compared to last year, with 44 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 103 days on market compared to 113 days last year.

The median listing price has fallen 5.8% year-over-year, from $421,225 to $397,000.

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Market Context

Market Context

Population: 20,445  ·  Density: 7,663.5/mi²  ·  Median household income: $84,893

Typical home value: $590,893  ·  Homeownership: 22.5%

Market Overview

Active Listings
216
⇩ 16.9% vs 260 last year
Pending
22
10% pending ratio
Median Price
$397,000
⇩ 5.8% vs $421,225 last year
Average Price
$484,721
⇩ 11.7% vs $548,890 last year
Days on Market
103
⇩ 8.8% vs 113 days last year

Price Per Square Foot

Median $/sqft
$374
⇩ 8.3% vs $408/sqft last year
Median Home Size
1,033 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 216 this year vs 260 last year
  • Days on market: 103 now vs 113 last year

Median & Average Pricing

Year over Year
  • Median: $397,000 (-5.8% YoY)
  • Average: $484,721 (-11.7% 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 — 1,406 listings ($893,704,210 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97209Portland, OR 972090.0 mi194$102,954,054$399,900$530,691
97205Portland, OR 972051.2 mi50$31,149,600$374,950$622,992
97232Portland, OR 972322.0 mi22$13,404,710$315,000$609,305
97214Portland, OR 972142.3 mi41$26,454,184$639,925$645,224
97239Portland, OR 972392.9 mi118$90,335,490$674,900$765,555
97202Portland, OR 972023.9 mi95$57,009,120$497,000$600,096
97211Portland, OR 972114.2 mi91$49,583,170$524,750$544,870
97217Portland, OR 972174.6 mi158$71,389,298$400,000$451,831
97218Portland, OR 972185.1 mi39$17,170,842$392,450$440,278
97219Portland, OR 972195.4 mi154$122,172,820$585,000$793,330
97216Portland, OR 972166.2 mi49$15,785,742$304,200$322,158
97229Portland, OR 972296.2 mi303$256,199,832$798,000$845,544
97266Portland, OR 972667.0 mi92$40,095,348$399,900$435,819

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97209?

As of September 2026, there are 216 active listings in PORTLAND, OR (zip code 97209), compared to 260 the prior year.

What is the median home price in PORTLAND, OR 97209?

The median listing price in PORTLAND, OR 97209 is $397,000 as of September 2026, a 5.8% decrease from $421,225 the prior year.

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

Homes in PORTLAND, OR 97209 spend an average of 103 days on the market before going under contract, compared to 113 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97209?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97209 is currently a Seller's Market. Inventory has tightened compared to last year, with 44 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 103 days on market compared to 113 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 97209 save an estimated $7,940 compared to a typical 5% commission on the median listing price of $397,000. 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.