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PORTLAND, OR 97212

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

Neighborhoods in ZIP 97212

Alameda · Beaumont (Wilshire) · Boise · Broadway District (Irvington-Broadway District) · Eliot · Grant Park · Grant Park-Hollywood · Hollywood · Irvington · King · Northeast · Sabin · Sabin-Irvington

Market Analysis

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

The PORTLAND, OR real estate market (97212) currently shows 78 active listings, with 23 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

The median listing price has fallen 5.8% year-over-year, from $818,725 to $770,975.

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Market Context

Market Context

Population: 27,902  ·  Density: 3,947.4/mi²  ·  Median household income: $125,901

Typical home value: $791,982  ·  Homeownership: 66.9%

Market Overview

Active Listings
78
⇩ 8.2% vs 85 last year
Pending
23
29% pending ratio
Median Price
$770,975
⇩ 5.8% vs $818,725 last year
Average Price
$905,937
⇩ 10.8% vs $1,015,585 last year
Days on Market
47
— vs 47 days last year

Price Per Square Foot

Median $/sqft
$326
⇩ 1.5% vs $331/sqft last year
Median Home Size
2,415 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 85 last year
  • Days on market: 47 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $770,975 (-5.8% YoY)
  • Average: $905,937 (-10.8% 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 6.8 miles — 980 listings ($618,265,920 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97212Portland, OR 972120.0 mi47$44,999,163$806,950$957,429
97227Portland, OR 972271.6 mi16$7,981,504$413,000$498,844
97213Portland, OR 972132.2 mi84$40,141,248$457,450$477,872
97211Portland, OR 972112.6 mi91$49,583,170$524,750$544,870
97218Portland, OR 972183.0 mi39$17,170,842$392,450$440,278
97201Portland, OR 972013.4 mi117$97,775,262$362,250$835,686
97202Portland, OR 972024.3 mi95$57,009,120$497,000$600,096
97217Portland, OR 972174.5 mi158$71,389,298$400,000$451,831
97216Portland, OR 972164.6 mi49$15,785,742$304,200$322,158
97221Portland, OR 972215.2 mi34$66,802,282$999,500$1,964,773
98664Vancouver, WA 986646.1 mi69$52,669,839$498,250$763,331
97230Portland, OR 972306.7 mi123$49,933,326$394,700$405,962
97225Portland, OR 972256.8 mi58$47,025,124$656,475$810,778

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97212?

As of September 2026, there are 78 active listings in PORTLAND, OR (zip code 97212), compared to 85 the prior year.

What is the median home price in PORTLAND, OR 97212?

The median listing price in PORTLAND, OR 97212 is $770,975 as of September 2026, a 5.8% decrease from $818,725 the prior year.

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

Homes in PORTLAND, OR 97212 spend an average of 47 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97212?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97212 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

How much can I save on real estate commission in PORTLAND, OR?

With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97212 save an estimated $15,420 compared to a typical 5% commission on the median listing price of $770,975. 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.