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Ashcreek

PORTLAND, OR 97223

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

Neighborhoods in ZIP 97223

Ashcreek

Market Analysis

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

The PORTLAND, OR real estate market (97223) currently shows 144 active listings, with 40 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 32 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 60 days on market compared to 48 days last year.

The median listing price has fallen 0.3% year-over-year, from $599,423 to $597,796.

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Market Context

Market Context

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

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

Market Overview

Active Listings
144
⇩ 18.2% vs 176 last year
Pending
40
28% pending ratio
Median Price
$597,796
⇩ 0.3% vs $599,423 last year
Average Price
$654,562
⇧ 3.4% vs $632,984 last year
Days on Market
60
⇧ 25% vs 48 days last year

Price Per Square Foot

Median $/sqft
$314
⇧ 4.7% vs $300/sqft last year
Median Home Size
1,760 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 144 this year vs 176 last year
  • Days on market: 60 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $597,796 (-0.3% YoY)
  • Average: $654,562 (+3.4% 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 8.3 miles — 1,299 listings ($950,701,621 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97223Portland, OR 972230.0 mi119$77,339,409$579,925$649,911
97224Portland, OR 972242.5 mi154$93,833,124$584,725$609,306
97005Beaverton, OR 970053.7 mi35$14,952,525$447,450$427,215
97225Portland, OR 972254.3 mi58$47,025,124$656,475$810,778
97221Portland, OR 972214.7 mi34$66,802,282$999,500$1,964,773
97062Tualatin, OR 970625.0 mi71$50,506,063$574,850$711,353
97078Beaverton, OR 970786.0 mi65$33,306,910$513,713$512,414
97201Portland, OR 972016.4 mi117$97,775,262$362,250$835,686
97006Beaverton, OR 970067.0 mi111$48,234,051$363,425$434,541
97140Sherwood, OR 971407.3 mi110$96,325,790$694,930$875,689
97229Portland, OR 972297.8 mi303$256,199,832$798,000$845,544
97222Portland, OR 972227.8 mi81$41,947,065$417,500$517,865
97214Portland, OR 972148.3 mi41$26,454,184$639,925$645,224

Frequently Asked Questions

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

As of September 2026, there are 144 active listings in PORTLAND, OR (zip code 97223), compared to 176 the prior year.

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

The median listing price in PORTLAND, OR 97223 is $597,796 as of September 2026, a 0.3% decrease from $599,423 the prior year.

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

Homes in PORTLAND, OR 97223 spend an average of 60 days on the market before going under contract, compared to 48 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 September 2026, PORTLAND, OR 97223 is currently a Balanced Market. Inventory has tightened compared to last year, with 32 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 60 days on market compared to 48 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 $11,956 compared to a typical 5% commission on the median listing price of $597,796. 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.