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PORTLAND, OR 97217

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

Market Overview

Active Listings
140
⇩ 15.2% vs 165 last year
Pending
28
20% pending ratio
Median Price
$415,000
⇩ 9% vs $456,250 last year
Average Price
$461,247
⇩ 5.7% vs $488,891 last year
Days on Market
107
⇧ 15.1% vs 93 days last year

Market Context

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

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

Market Analysis

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

The PORTLAND, OR real estate market (97217) currently shows 140 active listings, with 28 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has tightened compared to last year, with 25 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 107 days on market compared to 93 days last year.

The median listing price has fallen 9% year-over-year, from $456,250 to $415,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 140 this year vs 165 last year
  • Days on market: 107 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $415,000 (-9% YoY)
  • Average: $461,247 (-5.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.2 miles — 934 listings ($617,428,325 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97217Portland, OR 972170.0 mi140$64,574,580$415,000$461,247
97211Portland, OR 972113.2 mi90$48,319,380$455,000$536,882
97210Portland, OR 972103.8 mi70$66,006,640$725,000$942,952
97212Portland, OR 972124.5 mi37$35,850,484$805,000$968,932
97209Portland, OR 972094.6 mi176$95,742,240$399,948$543,990
97232Portland, OR 972325.3 mi18$9,251,478$295,000$513,971
98664Vancouver, WA 986646.0 mi61$54,129,143$520,000$887,363
98665Vancouver, WA 986656.2 mi64$39,443,328$579,900$616,302
97214Portland, OR 972146.3 mi36$22,827,384$599,950$634,094
98660Vancouver, WA 986606.4 mi37$23,803,136$539,000$643,328
97220Portland, OR 972207.4 mi66$30,906,546$440,000$468,281
97225Portland, OR 972257.4 mi55$38,573,150$629,000$701,330
98685Vancouver, WA 986858.2 mi84$88,000,836$787,000$1,047,629

Frequently Asked Questions

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

As of January 2026, there are 140 active listings in PORTLAND, OR (zip code 97217), compared to 165 the prior year.

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

The median listing price in PORTLAND, OR 97217 is $415,000 as of January 2026, a 9% decrease from $456,250 the prior year.

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

Homes in PORTLAND, OR 97217 spend an average of 107 days on the market before going under contract, compared to 93 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 January 2026, PORTLAND, OR 97217 is currently a Balanced Market. Inventory has tightened compared to last year, with 25 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 107 days on market compared to 93 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 $8,300 compared to a typical 5% commission on the median listing price of $415,000. 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.