Call or Text (240) SELL-123
East Portland Hazelwood Hazelwood-Mill Park Mill Park Montavilla Outer Southeast Southeast Portland (Inner Southeast Portland)

PORTLAND, OR 97216

Real Estate Market Report
Balanced Market
June 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 June 2026. Source: Realtor.com.

The PORTLAND, OR real estate market (97216) currently shows 63 active listings, with 23 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 58 days on market compared to 53 days last year.

The median listing price has risen 0.1% year-over-year, from $402,400 to $402,925.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PORTLAND, OR 97216 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
63
vs 63 last year
Pending
23
37% pending ratio
Median Price
$402,925
⇧ 0.1% vs $402,400 last year
Average Price
$396,961
⇩ 1.7% vs $403,950 last year
Days on Market
58
⇧ 9.4% vs 53 days last year

Price Per Square Foot

Median $/sqft
$321
⇩ 3.9% vs $334/sqft last year
Median Home Size
1,230 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 58 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $402,925 (+0.1% YoY)
  • Average: $396,961 (-1.7% 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 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 June 2026, there are 63 active listings in PORTLAND, OR (zip code 97216), compared to 63 the prior year.

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

The median listing price in PORTLAND, OR 97216 is $402,925 as of June 2026, a 0.1% increase from $402,400 the prior year.

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

Homes in PORTLAND, OR 97216 spend an average of 58 days on the market before going under contract, compared to 53 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 June 2026, PORTLAND, OR 97216 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 58 days on market compared to 53 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 $8,059 compared to a typical 5% commission on the median listing price of $402,925. 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.