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Belmont Center Hawthorne Inner Southeast Montavilla Mt. Tabor Richmond Southeast Portland (Inner Southeast Portland) Southeast Uplift Sunnyside

PORTLAND, OR 97215

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

Neighborhoods in ZIP 97215

Belmont · Center · Hawthorne · Inner Southeast · Montavilla · Mt. Tabor · Richmond · Southeast Portland (Inner Southeast Portland) · Southeast Uplift · Sunnyside

Market Analysis

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

The PORTLAND, OR real estate market (97215) currently shows 54 active listings, with 20 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 60 days last year.

The median listing price has risen 13.5% year-over-year, from $587,475 to $666,500.

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Market Context

Market Context

Population: 17,780  ·  Density: 2,939.7/mi²  ·  Median household income: $104,952

Typical home value: $643,264  ·  Homeownership: 63.1%

Market Overview

Active Listings
54
⇧ 31.7% vs 41 last year
Pending
20
37% pending ratio
Median Price
$666,500
⇧ 13.5% vs $587,475 last year
Average Price
$752,566
⇧ 9.1% vs $689,591 last year
Days on Market
40
⇩ 33.3% vs 60 days last year

Price Per Square Foot

Median $/sqft
$338
⇧ 4.6% vs $323/sqft last year
Median Home Size
2,295 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 41 last year
  • Days on market: 40 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $666,500 (+13.5% YoY)
  • Average: $752,566 (+9.1% 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 7.0 miles — 972 listings ($554,785,647 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97215Portland, OR 972150.0 mi31$24,193,020$655,000$780,420
97216Portland, OR 972162.0 mi49$15,785,742$304,200$322,158
97206Portland, OR 972062.3 mi145$66,344,025$427,000$457,545
97266Portland, OR 972663.0 mi92$40,095,348$399,900$435,819
97202Portland, OR 972023.1 mi95$57,009,120$497,000$600,096
97218Portland, OR 972184.3 mi39$17,170,842$392,450$440,278
97227Portland, OR 972274.3 mi16$7,981,504$413,000$498,844
97236Portland, OR 972364.8 mi99$50,432,778$467,500$509,422
97233Portland, OR 972334.9 mi83$31,171,065$379,250$375,555
97211Portland, OR 972115.0 mi91$49,583,170$524,750$544,870
97230Portland, OR 972305.4 mi123$49,933,326$394,700$405,962
97221Portland, OR 972216.3 mi34$66,802,282$999,500$1,964,773
97210Portland, OR 972107.0 mi75$78,283,425$752,500$1,043,779

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97215?

As of September 2026, there are 54 active listings in PORTLAND, OR (zip code 97215), compared to 41 the prior year.

What is the median home price in PORTLAND, OR 97215?

The median listing price in PORTLAND, OR 97215 is $666,500 as of September 2026, a 13.5% increase from $587,475 the prior year.

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

Homes in PORTLAND, OR 97215 spend an average of 40 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97215?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97215 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 60 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 97215 save an estimated $13,330 compared to a typical 5% commission on the median listing price of $666,500. 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.