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Greenburg Road

PORTLAND, OR 97223

Real Estate Market Report  ·  Washington County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
101
⇧ 2% vs 99 last year
Pending
32
32% pending ratio
Median Price
$585,000
⇩ 4.7% vs $613,649 last year
Average Price
$647,915
⇩ 2.8% vs $666,594 last year
Days on Market
83
⇧ 7.8% vs 77 days last year

Market Context

Population: 50,027  ·  Density: 1,745.8/mi²  ·  Median household income: $104,463

Typical home value: $527,850  ·  Homeownership: 62.7%

Market Analysis

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

The PORTLAND, OR real estate market (97223) currently shows 101 active listings, with 32 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 83 days on market compared to 77 days last year.

The median listing price has fallen 4.7% year-over-year, from $613,649 to $585,000.

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: 101 this year vs 99 last year
  • Days on market: 83 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $585,000 (-4.7% YoY)
  • Average: $647,915 (-2.8% 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 8.3 miles — 1,172 listings ($838,136,053 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97223Portland, OR 972230.0 mi101$65,439,415$585,000$647,915
97224Portland, OR 972242.5 mi152$93,747,976$578,000$616,763
97005Beaverton, OR 970053.7 mi32$14,469,344$435,000$452,167
97225Portland, OR 972254.3 mi55$38,573,150$629,000$701,330
97221Portland, OR 972214.7 mi32$61,255,136$944,800$1,914,223
97062Tualatin, OR 970625.0 mi58$36,283,872$594,000$625,584
97078Beaverton, OR 970786.0 mi58$29,126,034$513,475$502,173
97201Portland, OR 972016.4 mi108$74,923,488$350,000$693,736
97006Beaverton, OR 970067.0 mi99$41,513,373$359,000$419,327
97140Sherwood, OR 971407.3 mi108$99,495,216$680,000$921,252
97229Portland, OR 972297.8 mi259$221,917,675$799,000$856,825
97222Portland, OR 972227.8 mi74$38,563,990$415,000$521,135
97214Portland, OR 972148.3 mi36$22,827,384$599,950$634,094

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97223?

As of January 2026, there are 101 active listings in PORTLAND, OR (zip code 97223), compared to 99 the prior year.

What is the median home price in PORTLAND, OR 97223?

The median listing price in PORTLAND, OR 97223 is $585,000 as of January 2026, a 4.7% decrease from $613,649 the prior year.

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

Homes in PORTLAND, OR 97223 spend an average of 83 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 97223?

Based on current inventory and days-on-market data as of January 2026, PORTLAND, OR 97223 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 83 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 97223 save an estimated $11,700 compared to a typical 5% commission on the median listing price of $585,000. 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.