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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
Seller's Market
March 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 March 2026. Source: Realtor.com.

The PORTLAND, OR real estate market (97215) currently shows 37 active listings, with 19 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 19 days on market compared to 24 days last year.

The median listing price has fallen 16.3% year-over-year, from $775,000 to $648,725.

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

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

Market Overview

Active Listings
37
⇩ 5.1% vs 39 last year
Pending
19
51% pending ratio
Median Price
$648,725
⇩ 16.3% vs $775,000 last year
Average Price
$725,285
⇩ 17.3% vs $877,380 last year
Days on Market
19
⇩ 20.8% vs 24 days last year

Price Per Square Foot

Median $/sqft
$330
⇩ 2.9% vs $340/sqft last year
Median Home Size
1,952 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 37 this year vs 39 last year
  • Days on market: 19 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $648,725 (-16.3% YoY)
  • Average: $725,285 (-17.3% 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 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 March 2026, there are 37 active listings in PORTLAND, OR (zip code 97215), compared to 39 the prior year.

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

The median listing price in PORTLAND, OR 97215 is $648,725 as of March 2026, a 16.3% decrease from $775,000 the prior year.

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

Homes in PORTLAND, OR 97215 spend an average of 19 days on the market before going under contract, compared to 24 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 March 2026, PORTLAND, OR 97215 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 19 days on market compared to 24 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 $12,975 compared to a typical 5% commission on the median listing price of $648,725. 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.