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PORTLAND, OR 97217

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

Neighborhoods in ZIP 97217

Arbor Lodge · Boise · Bridgeton · Hayden Island · Humboldt · Kenton · Mississippi · North Portland · Northeast · Overlook · Piedmont

Market Analysis

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

The PORTLAND, OR real estate market (97217) currently shows 196 active listings, with 36 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 90 days on market compared to 77 days last year.

The median listing price has fallen 11.4% year-over-year, from $447,000 to $395,950.

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Market Context

Market Context

Population: 34,884  ·  Density: 1,208.7/mi²  ·  Median household income: $102,051

Typical home value: $534,061  ·  Homeownership: 57.4%

Market Overview

Active Listings
196
⇩ 7.1% vs 211 last year
Pending
36
18% pending ratio
Median Price
$395,950
⇩ 11.4% vs $447,000 last year
Average Price
$428,417
⇩ 9.2% vs $471,957 last year
Days on Market
90
⇧ 16.9% vs 77 days last year

Price Per Square Foot

Median $/sqft
$305
⇩ 5.6% vs $323/sqft last year
Median Home Size
1,379 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 196 this year vs 211 last year
  • Days on market: 90 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $395,950 (-11.4% YoY)
  • Average: $428,417 (-9.2% 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 8.2 miles — 1,034 listings ($688,239,336 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97217Portland, OR 972170.0 mi158$71,389,298$400,000$451,831
97211Portland, OR 972113.2 mi91$49,583,170$524,750$544,870
97210Portland, OR 972103.8 mi75$78,283,425$752,500$1,043,779
97212Portland, OR 972124.5 mi47$44,999,163$806,950$957,429
97209Portland, OR 972094.6 mi194$102,954,054$399,900$530,691
97232Portland, OR 972325.3 mi22$13,404,710$315,000$609,305
98664Vancouver, WA 986646.0 mi69$52,669,839$498,250$763,331
98665Vancouver, WA 986656.2 mi71$41,714,133$559,975$587,523
97214Portland, OR 972146.3 mi41$26,454,184$639,925$645,224
98660Vancouver, WA 986606.4 mi36$26,987,616$586,750$749,656
97220Portland, OR 972207.4 mi68$30,796,588$431,750$452,891
97225Portland, OR 972257.4 mi58$47,025,124$656,475$810,778
98685Vancouver, WA 986858.2 mi104$101,978,032$718,750$980,558

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97217?

As of September 2026, there are 196 active listings in PORTLAND, OR (zip code 97217), compared to 211 the prior year.

What is the median home price in PORTLAND, OR 97217?

The median listing price in PORTLAND, OR 97217 is $395,950 as of September 2026, a 11.4% decrease from $447,000 the prior year.

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

Homes in PORTLAND, OR 97217 spend an average of 90 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97217?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97217 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 90 days on market compared to 77 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 97217 save an estimated $7,919 compared to a typical 5% commission on the median listing price of $395,950. 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.