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PORTLAND, OR 97220

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

Neighborhoods in ZIP 97220

Central Northeast · East Portland · Hazelwood · Madison South · Maywood Park · Montavilla · Parkrose · Parkrose Heights · Sumner · Woodland Park

Market Analysis

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

The PORTLAND, OR real estate market (97220) currently shows 74 active listings, with 25 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

The median listing price has risen 3.4% year-over-year, from $406,000 to $419,950.

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: 28,041  ·  Density: 1,441.4/mi²  ·  Median household income: $65,614

Typical home value: $413,272  ·  Homeownership: 54.7%

Market Overview

Active Listings
74
⇧ 13.8% vs 65 last year
Pending
25
34% pending ratio
Median Price
$419,950
⇧ 3.4% vs $406,000 last year
Average Price
$453,373
⇧ 2.2% vs $443,786 last year
Days on Market
44
vs 44 days last year

Price Per Square Foot

Median $/sqft
$266
⇩ 15.8% vs $316/sqft last year
Median Home Size
1,507 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 74 this year vs 65 last year
  • Days on market: 44 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $419,950 (+3.4% YoY)
  • Average: $453,373 (+2.2% 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 7.2 miles — 947 listings ($520,610,608 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97220Portland, OR 972200.0 mi68$30,796,588$431,750$452,891
97216Portland, OR 972162.6 mi49$15,785,742$304,200$322,158
97218Portland, OR 972182.6 mi39$17,170,842$392,450$440,278
97233Portland, OR 972333.9 mi83$31,171,065$379,250$375,555
97211Portland, OR 972114.3 mi91$49,583,170$524,750$544,870
97232Portland, OR 972324.4 mi22$13,404,710$315,000$609,305
98664Vancouver, WA 986644.8 mi69$52,669,839$498,250$763,331
97236Portland, OR 972365.2 mi99$50,432,778$467,500$509,422
97024Fairview, OR 970245.7 mi22$12,344,574$514,750$561,117
98684Vancouver, WA 986845.9 mi120$72,277,320$599,000$602,311
97202Portland, OR 972026.3 mi95$57,009,120$497,000$600,096
98661Vancouver, WA 986616.9 mi140$86,815,260$491,225$620,109
97205Portland, OR 972057.2 mi50$31,149,600$374,950$622,992

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97220?

As of March 2026, there are 74 active listings in PORTLAND, OR (zip code 97220), compared to 65 the prior year.

What is the median home price in PORTLAND, OR 97220?

The median listing price in PORTLAND, OR 97220 is $419,950 as of March 2026, a 3.4% increase from $406,000 the prior year.

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

Homes in PORTLAND, OR 97220 spend an average of 44 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97220?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97220 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

How much can I save on real estate commission in PORTLAND, OR?

With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97220 save an estimated $8,399 compared to a typical 5% commission on the median listing price of $419,950. 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.