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PORTLAND, OR 97221

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

Neighborhoods in ZIP 97221

Bridlemile · Glencullen · Green Hills · Hayhurst · Northwest · Southwest · Southwest Hills · Sylvan · Sylvan-Highlands · Vermont Hills · West

Market Analysis

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

The PORTLAND, OR real estate market (97221) currently shows 78 active listings, with 12 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 79 days on market compared to 90 days last year.

The median listing price has risen 22.1% year-over-year, from $886,225 to $1,082,500.

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Market Context

Market Context

Population: 13,154  ·  Density: 1,152.8/mi²  ·  Median household income: $135,250

Typical home value: $726,409  ·  Homeownership: 71.2%

Market Overview

Active Listings
78
⇧ 9.9% vs 71 last year
Pending
12
15% pending ratio
Median Price
$1,082,500
⇧ 22.1% vs $886,225 last year
Average Price
$1,611,807
⇧ 5.6% vs $1,525,648 last year
Days on Market
79
⇩ 12.2% vs 90 days last year

Price Per Square Foot

Median $/sqft
$328
⇩ 2.1% vs $335/sqft last year
Median Home Size
3,487 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 71 last year
  • Days on market: 79 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $1,082,500 (+22.1% YoY)
  • Average: $1,611,807 (+5.6% 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 6.8 miles — 1,179 listings ($1,072,042,556 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97221Portland, OR 972210.0 mi34$66,802,282$999,500$1,964,773
97205Portland, OR 972051.9 mi50$31,149,600$374,950$622,992
97225Portland, OR 972252.1 mi58$47,025,124$656,475$810,778
97219Portland, OR 972193.3 mi154$122,172,820$585,000$793,330
97005Beaverton, OR 970053.7 mi35$14,952,525$447,450$427,215
97214Portland, OR 972144.2 mi41$26,454,184$639,925$645,224
97008Beaverton, OR 970084.5 mi56$27,189,960$514,000$485,535
97223Portland, OR 972234.7 mi119$77,339,409$579,925$649,911
97229Portland, OR 972295.4 mi303$256,199,832$798,000$845,544
97215Portland, OR 972156.3 mi31$24,193,020$655,000$780,420
97034Lake Oswego, OR 970346.5 mi133$296,475,487$1,697,500$2,229,139
97222Portland, OR 972226.7 mi81$41,947,065$417,500$517,865
97213Portland, OR 972136.8 mi84$40,141,248$457,450$477,872

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97221?

As of September 2026, there are 78 active listings in PORTLAND, OR (zip code 97221), compared to 71 the prior year.

What is the median home price in PORTLAND, OR 97221?

The median listing price in PORTLAND, OR 97221 is $1,082,500 as of September 2026, a 22.1% increase from $886,225 the prior year.

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

Homes in PORTLAND, OR 97221 spend an average of 79 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97221?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97221 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 79 days on market compared to 90 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 97221 save an estimated $21,650 compared to a typical 5% commission on the median listing price of $1,082,500. 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.