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PORTLAND, OR 97224

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PORTLAND, OR real estate market (97224) currently shows 179 active listings, with 74 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 29 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 45 days on market compared to 57 days last year.

The median listing price has fallen 0% year-over-year, from $625,100 to $624,925.

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

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

Market Overview

Active Listings
179
⇩ 13.9% vs 208 last year
Pending
74
41% pending ratio
Median Price
$624,925
vs $625,100 last year
Average Price
$626,547
⇩ 5.6% vs $663,938 last year
Days on Market
45
⇩ 21.1% vs 57 days last year

Price Per Square Foot

Median $/sqft
$286
⇩ 3.4% vs $296/sqft last year
Median Home Size
1,982 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 179 this year vs 208 last year
  • Days on market: 45 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $624,925 (+-0% YoY)
  • Average: $626,547 (-5.6% 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 9.9 miles — 1,240 listings ($919,757,242 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97224Portland, OR 972240.0 mi154$93,833,124$584,725$609,306
97062Tualatin, OR 970623.1 mi71$50,506,063$574,850$711,353
97008Beaverton, OR 970083.8 mi56$27,189,960$514,000$485,535
97140Sherwood, OR 971404.9 mi110$96,325,790$694,930$875,689
97219Portland, OR 972195.7 mi154$122,172,820$585,000$793,330
97078Beaverton, OR 970786.7 mi65$33,306,910$513,713$512,414
97070Wilsonville, OR 970706.9 mi108$87,958,656$643,700$814,432
97068West Linn, OR 970687.2 mi152$168,792,960$885,725$1,110,480
97239Portland, OR 972397.7 mi118$90,335,490$674,900$765,555
97267Portland, OR 972678.8 mi89$58,941,140$613,500$662,260
97222Portland, OR 972229.0 mi81$41,947,065$417,500$517,865
97205Portland, OR 972059.1 mi50$31,149,600$374,950$622,992
97027Gladstone, OR 970279.9 mi32$17,297,664$562,500$540,552

Frequently Asked Questions

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

As of March 2026, there are 179 active listings in PORTLAND, OR (zip code 97224), compared to 208 the prior year.

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

The median listing price in PORTLAND, OR 97224 is $624,925 as of March 2026, a 0% increase from $625,100 the prior year.

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

Homes in PORTLAND, OR 97224 spend an average of 45 days on the market before going under contract, compared to 57 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 March 2026, PORTLAND, OR 97224 is currently a Seller's Market. Inventory has tightened compared to last year, with 29 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 45 days on market compared to 57 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 $12,499 compared to a typical 5% commission on the median listing price of $624,925. 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.