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PORTLAND, OR 97224

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

Market Overview

Active Listings
152
⇩ 22.8% vs 197 last year
Pending
58
38% pending ratio
Median Price
$578,000
⇩ 9.3% vs $636,950 last year
Average Price
$616,763
⇩ 8.5% vs $674,268 last year
Days on Market
73
⇧ 15.9% vs 63 days last year

Market Context

Population: 36,591  ·  Density: 1,561.4/mi²  ·  Median household income: $86,401

Typical home value: $530,679  ·  Homeownership: 67.4%

Market Analysis

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

The PORTLAND, OR real estate market (97224) currently shows 152 active listings, with 58 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 45 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 73 days on market compared to 63 days last year.

The median listing price has fallen 9.3% year-over-year, from $636,950 to $578,000.

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: 152 this year vs 197 last year
  • Days on market: 73 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $578,000 (-9.3% YoY)
  • Average: $616,763 (-8.5% 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 9.9 miles — 1,102 listings ($834,466,442 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97224Portland, OR 972240.0 mi152$93,747,976$578,000$616,763
97062Tualatin, OR 970623.1 mi58$36,283,872$594,000$625,584
97008Beaverton, OR 970083.8 mi47$22,960,393$525,000$488,519
97140Sherwood, OR 971404.9 mi108$99,495,216$680,000$921,252
97219Portland, OR 972195.7 mi117$94,290,651$607,500$805,903
97078Beaverton, OR 970786.7 mi58$29,126,034$513,475$502,173
97070Wilsonville, OR 970706.9 mi99$85,783,698$694,450$866,502
97068West Linn, OR 970687.2 mi136$155,273,512$869,900$1,141,717
97239Portland, OR 972397.7 mi108$85,164,588$666,950$788,561
97267Portland, OR 972678.8 mi78$52,770,666$632,480$676,547
97222Portland, OR 972229.0 mi74$38,563,990$415,000$521,135
97205Portland, OR 972059.1 mi40$25,935,040$374,900$648,376
97027Gladstone, OR 970279.9 mi27$15,070,806$560,000$558,178

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97224?

As of January 2026, there are 152 active listings in PORTLAND, OR (zip code 97224), compared to 197 the prior year.

What is the median home price in PORTLAND, OR 97224?

The median listing price in PORTLAND, OR 97224 is $578,000 as of January 2026, a 9.3% decrease from $636,950 the prior year.

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

Homes in PORTLAND, OR 97224 spend an average of 73 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97224?

Based on current inventory and days-on-market data as of January 2026, PORTLAND, OR 97224 is currently a Balanced Market. Inventory has tightened compared to last year, with 45 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 73 days on market compared to 63 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 97224 save an estimated $11,560 compared to a typical 5% commission on the median listing price of $578,000. 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.