Forest Park · Linnton · Northwest · West
Data as of March 2026. Source: Realtor.com.
The PORTLAND, OR real estate market (97231) currently shows 28 active listings, with 5 pending sales. Homes are averaging 50 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 50 days on market compared to 54 days last year.
The median listing price has fallen 32.6% year-over-year, from $1,160,000 to $782,250.
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.
Population: 3,835 · Density: 23.6/mi² · Median household income: $116,189
Typical home value: $758,608 · Homeownership: 88.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 97231 | Portland, OR 97231 | 0.0 mi | 27 | $22,745,853 | $796,125 | $842,439 |
| 97203 | Portland, OR 97203 | 6.4 mi | 106 | $43,688,430 | $381,725 | $412,155 |
| 98663 | Vancouver, WA 98663 | 8.2 mi | 43 | $24,729,343 | $499,974 | $575,101 |
| 97217 | Portland, OR 97217 | 8.6 mi | 158 | $71,389,298 | $400,000 | $451,831 |
| 97124 | Hillsboro, OR 97124 | 9.6 mi | 101 | $63,353,765 | $566,075 | $627,265 |
| 97056 | Scappoose, OR 97056 | 10.1 mi | 51 | $40,573,356 | $595,725 | $795,556 |
| 97210 | Portland, OR 97210 | 10.2 mi | 75 | $78,283,425 | $752,500 | $1,043,779 |
| 98642 | Ridgefield, WA 98642 | 10.3 mi | 242 | $243,191,366 | $809,578 | $1,004,923 |
| 97006 | Beaverton, OR 97006 | 10.9 mi | 111 | $48,234,051 | $363,425 | $434,541 |
| 97227 | Portland, OR 97227 | 12.0 mi | 16 | $7,981,504 | $413,000 | $498,844 |
| 97003 | Beaverton, OR 97003 | 12.5 mi | 81 | $37,345,779 | $415,000 | $461,059 |
| 97225 | Portland, OR 97225 | 12.7 mi | 58 | $47,025,124 | $656,475 | $810,778 |
| 98664 | Vancouver, WA 98664 | 12.8 mi | 69 | $52,669,839 | $498,250 | $763,331 |
As of March 2026, there are 28 active listings in PORTLAND, OR (zip code 97231), compared to 31 the prior year.
The median listing price in PORTLAND, OR 97231 is $782,250 as of March 2026, a 32.6% decrease from $1,160,000 the prior year.
Homes in PORTLAND, OR 97231 spend an average of 50 days on the market before going under contract, compared to 54 days the prior year.
Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97231 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 50 days on market compared to 54 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97231 save an estimated $15,645 compared to a typical 5% commission on the median listing price of $782,250. 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.