Population: 6,199 · Density: 1,676.8/mi² · Median household income: $88,526
Typical home value: $603,364 · Homeownership: 25.3%
Data as of January 2026. Source: Realtor.com.
The PORTLAND, OR real estate market (97227) currently shows 14 active listings, with 5 pending sales. Homes are averaging 114 days on the market before going under contract.
Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 114 days on market compared to 139 days last year.
The median listing price has fallen 29.1% year-over-year, from $587,213 to $416,500.
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 $ |
|---|---|---|---|---|---|---|
| 97227 | Portland, OR 97227 | 0.0 mi | 14 | $6,914,600 | $416,500 | $493,900 |
| 97212 | Portland, OR 97212 | 1.6 mi | 37 | $35,850,484 | $805,000 | $968,932 |
| 97205 | Portland, OR 97205 | 2.1 mi | 40 | $25,935,040 | $374,900 | $648,376 |
| 97214 | Portland, OR 97214 | 2.6 mi | 36 | $22,827,384 | $599,950 | $634,094 |
| 97211 | Portland, OR 97211 | 3.3 mi | 90 | $48,319,380 | $455,000 | $536,882 |
| 97213 | Portland, OR 97213 | 3.8 mi | 69 | $34,442,040 | $489,950 | $499,160 |
| 97221 | Portland, OR 97221 | 4.0 mi | 32 | $61,255,136 | $944,800 | $1,914,223 |
| 97218 | Portland, OR 97218 | 4.3 mi | 40 | $17,926,800 | $399,900 | $448,170 |
| 97225 | Portland, OR 97225 | 5.4 mi | 55 | $38,573,150 | $629,000 | $701,330 |
| 97220 | Portland, OR 97220 | 5.7 mi | 66 | $30,906,546 | $440,000 | $468,281 |
| 97216 | Portland, OR 97216 | 6.1 mi | 39 | $13,568,373 | $334,950 | $347,907 |
| 97229 | Portland, OR 97229 | 6.5 mi | 259 | $221,917,675 | $799,000 | $856,825 |
| 98664 | Vancouver, WA 98664 | 7.1 mi | 61 | $54,129,143 | $520,000 | $887,363 |
As of January 2026, there are 14 active listings in PORTLAND, OR (zip code 97227), compared to 19 the prior year.
The median listing price in PORTLAND, OR 97227 is $416,500 as of January 2026, a 29.1% decrease from $587,213 the prior year.
Homes in PORTLAND, OR 97227 spend an average of 114 days on the market before going under contract, compared to 139 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PORTLAND, OR 97227 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 114 days on market compared to 139 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97227 save an estimated $8,330 compared to a typical 5% commission on the median listing price of $416,500. 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.