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Ashcreek

PORTLAND, OR 97223

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

Neighborhoods in ZIP 97223

Ashcreek

Market Analysis

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

The PORTLAND, OR real estate market (97223) currently shows 114 active listings, with 48 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 44 days last year.

The median listing price has fallen 2% year-over-year, from $599,990 to $588,250.

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

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

Market Overview

Active Listings
114
⇩ 7.3% vs 123 last year
Pending
48
42% pending ratio
Median Price
$588,250
⇩ 2% vs $599,990 last year
Average Price
$641,194
⇩ 2% vs $654,199 last year
Days on Market
47
⇧ 6.8% vs 44 days last year

Price Per Square Foot

Median $/sqft
$294
⇩ 7.3% vs $317/sqft last year
Median Home Size
1,951 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 114 this year vs 123 last year
  • Days on market: 47 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $588,250 (-2% YoY)
  • Average: $641,194 (-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 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 March 2026, there are 114 active listings in PORTLAND, OR (zip code 97223), compared to 123 the prior year.

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

The median listing price in PORTLAND, OR 97223 is $588,250 as of March 2026, a 2% decrease from $599,990 the prior year.

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

Homes in PORTLAND, OR 97223 spend an average of 47 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 97223?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97223 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 44 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 $11,765 compared to a typical 5% commission on the median listing price of $588,250. 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.