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PORTLAND, OR 97227

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

Neighborhoods in ZIP 97227

Albina · Boise · Chinatown (Old Town) · Eliot · Kerns · Lloyd District · Mississippi · Northeast · Overlook · Piedmont

Market Analysis

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

The PORTLAND, OR real estate market (97227) currently shows 15 active listings, with 4 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 44 days on market compared to 163 days last year.

The median listing price has fallen 29.1% year-over-year, from $578,513 to $410,000.

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 Context

Market Context

Population: 6,199  ·  Density: 1,676.8/mi²  ·  Median household income: $88,526

Typical home value: $603,364  ·  Homeownership: 25.3%

Market Overview

Active Listings
15
⇩ 16.7% vs 18 last year
Pending
4
27% pending ratio
Median Price
$410,000
⇩ 29.1% vs $578,513 last year
Average Price
$514,936
⇩ 29.6% vs $731,335 last year
Days on Market
44
⇩ 73% vs 163 days last year

Price Per Square Foot

Median $/sqft
$352
⇧ 7.3% vs $328/sqft last year
Median Home Size
1,052 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 18 last year
  • Days on market: 44 now vs 163 last year

Median & Average Pricing

Year over Year
  • Median: $410,000 (-29.1% YoY)
  • Average: $514,936 (-29.6% 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 7.1 miles — 949 listings ($686,759,118 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97227Portland, OR 972270.0 mi16$7,981,504$413,000$498,844
97212Portland, OR 972121.6 mi47$44,999,163$806,950$957,429
97205Portland, OR 972052.1 mi50$31,149,600$374,950$622,992
97214Portland, OR 972142.6 mi41$26,454,184$639,925$645,224
97211Portland, OR 972113.3 mi91$49,583,170$524,750$544,870
97213Portland, OR 972133.8 mi84$40,141,248$457,450$477,872
97221Portland, OR 972214.0 mi34$66,802,282$999,500$1,964,773
97218Portland, OR 972184.3 mi39$17,170,842$392,450$440,278
97225Portland, OR 972255.4 mi58$47,025,124$656,475$810,778
97220Portland, OR 972205.7 mi68$30,796,588$431,750$452,891
97216Portland, OR 972166.1 mi49$15,785,742$304,200$322,158
97229Portland, OR 972296.5 mi303$256,199,832$798,000$845,544
98664Vancouver, WA 986647.1 mi69$52,669,839$498,250$763,331

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97227?

As of March 2026, there are 15 active listings in PORTLAND, OR (zip code 97227), compared to 18 the prior year.

What is the median home price in PORTLAND, OR 97227?

The median listing price in PORTLAND, OR 97227 is $410,000 as of March 2026, a 29.1% decrease from $578,513 the prior year.

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

Homes in PORTLAND, OR 97227 spend an average of 44 days on the market before going under contract, compared to 163 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97227?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97227 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 44 days on market compared to 163 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 97227 save an estimated $8,200 compared to a typical 5% commission on the median listing price of $410,000. 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.