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Forest Park Northwest Northwest Heights West

PORTLAND, OR 97229

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

Neighborhoods in ZIP 97229

Forest Park · Northwest · Northwest Heights · West

Market Analysis

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

The PORTLAND, OR real estate market (97229) currently shows 326 active listings, with 102 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 45 days on market compared to 44 days last year.

The median listing price has fallen 1.1% year-over-year, from $803,478 to $794,500.

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.

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Market Context

Market Context

Population: 74,755  ·  Density: 1,468.8/mi²  ·  Median household income: $150,580

Typical home value: $690,291  ·  Homeownership: 69.4%

Market Overview

Active Listings
326
⇧ 2.2% vs 319 last year
Pending
102
31% pending ratio
Median Price
$794,500
⇩ 1.1% vs $803,478 last year
Average Price
$849,243
⇧ 0.3% vs $847,008 last year
Days on Market
45
⇧ 2.3% vs 44 days last year

Price Per Square Foot

Median $/sqft
$307
⇩ 1.9% vs $313/sqft last year
Median Home Size
2,588 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 326 this year vs 319 last year
  • Days on market: 45 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $794,500 (-1.1% YoY)
  • Average: $849,243 (+0.3% 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 9.1 miles — 1,477 listings ($1,036,645,924 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97229Portland, OR 972290.0 mi303$256,199,832$798,000$845,544
97210Portland, OR 972103.6 mi75$78,283,425$752,500$1,043,779
97005Beaverton, OR 970054.1 mi35$14,952,525$447,450$427,215
97203Portland, OR 972034.9 mi106$43,688,430$381,725$412,155
97205Portland, OR 972055.7 mi50$31,149,600$374,950$622,992
97209Portland, OR 972096.2 mi194$102,954,054$399,900$530,691
97078Beaverton, OR 970786.4 mi65$33,306,910$513,713$512,414
97201Portland, OR 972016.5 mi117$97,775,262$362,250$835,686
97239Portland, OR 972397.2 mi118$90,335,490$674,900$765,555
97007Beaverton, OR 970078.0 mi211$129,677,013$603,250$614,583
97232Portland, OR 972328.2 mi22$13,404,710$315,000$609,305
97219Portland, OR 972198.5 mi154$122,172,820$585,000$793,330
97231Portland, OR 972319.1 mi27$22,745,853$796,125$842,439

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97229?

As of March 2026, there are 326 active listings in PORTLAND, OR (zip code 97229), compared to 319 the prior year.

What is the median home price in PORTLAND, OR 97229?

The median listing price in PORTLAND, OR 97229 is $794,500 as of March 2026, a 1.1% decrease from $803,478 the prior year.

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

Homes in PORTLAND, OR 97229 spend an average of 45 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 97229?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97229 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 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 97229 save an estimated $15,890 compared to a typical 5% commission on the median listing price of $794,500. 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.