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East Portland Hazelwood Hazelwood-Mill Park Mill Park Montavilla Outer Southeast Southeast Portland (Inner Southeast Portland)

PORTLAND, OR 97216

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

Neighborhoods in ZIP 97216

East Portland · Hazelwood · Hazelwood-Mill Park · Mill Park · Montavilla · Outer Southeast · Southeast Portland (Inner Southeast Portland)

Market Analysis

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

The PORTLAND, OR real estate market (97216) currently shows 53 active listings, with 15 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 52 days on market compared to 65 days last year.

The median listing price has risen 4.1% year-over-year, from $387,500 to $403,213.

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Market Context

Market Context

Population: 17,449  ·  Density: 2,677.8/mi²  ·  Median household income: $67,154

Typical home value: $415,941  ·  Homeownership: 55.2%

Market Overview

Active Listings
53
⇩ 1.9% vs 54 last year
Pending
15
28% pending ratio
Median Price
$403,213
⇧ 4.1% vs $387,500 last year
Average Price
$403,632
⇧ 8.2% vs $373,113 last year
Days on Market
52
⇩ 20% vs 65 days last year

Price Per Square Foot

Median $/sqft
$294
⇧ 1.4% vs $290/sqft last year
Median Home Size
1,332 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 53 this year vs 54 last year
  • Days on market: 52 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $403,213 (+4.1% YoY)
  • Average: $403,632 (+8.2% 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 6.9 miles — 1,214 listings ($676,067,461 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97216Portland, OR 972160.0 mi49$15,785,742$304,200$322,158
97266Portland, OR 972662.2 mi92$40,095,348$399,900$435,819
97213Portland, OR 972132.6 mi84$40,141,248$457,450$477,872
97206Portland, OR 972063.0 mi145$66,344,025$427,000$457,545
97230Portland, OR 972304.0 mi123$49,933,326$394,700$405,962
97232Portland, OR 972324.3 mi22$13,404,710$315,000$609,305
97202Portland, OR 972024.7 mi95$57,009,120$497,000$600,096
97086Happy Valley, OR 970865.0 mi164$133,223,432$724,438$812,338
97211Portland, OR 972116.0 mi91$49,583,170$524,750$544,870
97227Portland, OR 972276.1 mi16$7,981,504$413,000$498,844
97209Portland, OR 972096.2 mi194$102,954,054$399,900$530,691
98683Vancouver, WA 986836.6 mi89$68,462,182$618,500$769,238
97205Portland, OR 972056.9 mi50$31,149,600$374,950$622,992

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97216?

As of September 2026, there are 53 active listings in PORTLAND, OR (zip code 97216), compared to 54 the prior year.

What is the median home price in PORTLAND, OR 97216?

The median listing price in PORTLAND, OR 97216 is $403,213 as of September 2026, a 4.1% increase from $387,500 the prior year.

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

Homes in PORTLAND, OR 97216 spend an average of 52 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97216?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97216 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 52 days on market compared to 65 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 97216 save an estimated $8,064 compared to a typical 5% commission on the median listing price of $403,213. 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.