Population: 50,027 · Density: 1,745.8/mi² · Median household income: $104,463
Typical home value: $527,850 · Homeownership: 62.7%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 97223 | Portland, OR 97223 | 0.0 mi | 101 | $65,439,415 | $585,000 | $647,915 |
| 97224 | Portland, OR 97224 | 2.5 mi | 152 | $93,747,976 | $578,000 | $616,763 |
| 97005 | Beaverton, OR 97005 | 3.7 mi | 32 | $14,469,344 | $435,000 | $452,167 |
| 97225 | Portland, OR 97225 | 4.3 mi | 55 | $38,573,150 | $629,000 | $701,330 |
| 97221 | Portland, OR 97221 | 4.7 mi | 32 | $61,255,136 | $944,800 | $1,914,223 |
| 97062 | Tualatin, OR 97062 | 5.0 mi | 58 | $36,283,872 | $594,000 | $625,584 |
| 97078 | Beaverton, OR 97078 | 6.0 mi | 58 | $29,126,034 | $513,475 | $502,173 |
| 97201 | Portland, OR 97201 | 6.4 mi | 108 | $74,923,488 | $350,000 | $693,736 |
| 97006 | Beaverton, OR 97006 | 7.0 mi | 99 | $41,513,373 | $359,000 | $419,327 |
| 97140 | Sherwood, OR 97140 | 7.3 mi | 108 | $99,495,216 | $680,000 | $921,252 |
| 97229 | Portland, OR 97229 | 7.8 mi | 259 | $221,917,675 | $799,000 | $856,825 |
| 97222 | Portland, OR 97222 | 7.8 mi | 74 | $38,563,990 | $415,000 | $521,135 |
| 97214 | Portland, OR 97214 | 8.3 mi | 36 | $22,827,384 | $599,950 | $634,094 |
As of January 2026, there are 101 active listings in PORTLAND, OR (zip code 97223), compared to 99 the prior year.
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.
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.
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.
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.