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Argay East Portland Glenfair Hazelwood Russell Wilkes

PORTLAND, OR 97230

Real Estate Market Report  ·  Multnomah County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97230

Argay · East Portland · Glenfair · Hazelwood · Russell · Wilkes

Market Analysis

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

The PORTLAND, OR real estate market (97230) currently shows 161 active listings, with 32 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 49 days last year.

The median listing price has risen 0.5% year-over-year, from $418,500 to $420,700.

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Market Context

Market Context

Population: 41,799  ·  Density: 1,159.2/mi²  ·  Median household income: $68,224

Typical home value: $415,134  ·  Homeownership: 63.1%

Market Overview

Active Listings
161
⇧ 1.9% vs 158 last year
Pending
32
20% pending ratio
Median Price
$420,700
⇧ 0.5% vs $418,500 last year
Average Price
$427,728
⇧ 2% vs $419,345 last year
Days on Market
62
⇧ 26.5% vs 49 days last year

Price Per Square Foot

Median $/sqft
$264
⇧ 5.2% vs $251/sqft last year
Median Home Size
1,531 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 161 this year vs 158 last year
  • Days on market: 62 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $420,700 (+0.5% YoY)
  • Average: $427,728 (+2% 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 8.3 miles — 1,072 listings ($579,722,389 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97230Portland, OR 972300.0 mi123$49,933,326$394,700$405,962
97233Portland, OR 972333.1 mi83$31,171,065$379,250$375,555
97024Fairview, OR 970243.2 mi22$12,344,574$514,750$561,117
97218Portland, OR 972184.7 mi39$17,170,842$392,450$440,278
97030Gresham, OR 970305.0 mi91$36,751,715$417,225$403,865
97236Portland, OR 972365.1 mi99$50,432,778$467,500$509,422
98664Vancouver, WA 986645.5 mi69$52,669,839$498,250$763,331
97211Portland, OR 972116.5 mi91$49,583,170$524,750$544,870
97060Troutdale, OR 970606.8 mi36$19,943,640$478,975$553,990
97232Portland, OR 972327.0 mi22$13,404,710$315,000$609,305
97080Gresham, OR 970807.9 mi158$90,477,752$525,000$572,644
98682Vancouver, WA 986828.0 mi223$147,857,474$568,675$663,038
97227Portland, OR 972278.3 mi16$7,981,504$413,000$498,844

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97230?

As of September 2026, there are 161 active listings in PORTLAND, OR (zip code 97230), compared to 158 the prior year.

What is the median home price in PORTLAND, OR 97230?

The median listing price in PORTLAND, OR 97230 is $420,700 as of September 2026, a 0.5% increase from $418,500 the prior year.

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

Homes in PORTLAND, OR 97230 spend an average of 62 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97230?

Based on current inventory and days-on-market data as of September 2026, PORTLAND, OR 97230 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 49 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 97230 save an estimated $8,414 compared to a typical 5% commission on the median listing price of $420,700. 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.