Population: 3,835 · Density: 23.6/mi² · Median household income: $116,189
Typical home value: $758,608 · Homeownership: 88.5%
Data as of January 2026. Source: Realtor.com.
The PORTLAND, OR real estate market (97231) currently shows 23 active listings, with 5 pending sales. Homes are averaging 149 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are selling faster, averaging 149 days on market compared to 177 days last year.
The median listing price has fallen 39% year-over-year, from $1,077,500 to $657,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 97231 | Portland, OR 97231 | 0.0 mi | 23 | $21,117,059 | $657,000 | $918,133 |
| 97203 | Portland, OR 97203 | 6.4 mi | 102 | $42,432,102 | $399,450 | $416,001 |
| 98663 | Vancouver, WA 98663 | 8.2 mi | 36 | $20,875,968 | $514,900 | $579,888 |
| 97217 | Portland, OR 97217 | 8.6 mi | 140 | $64,574,580 | $415,000 | $461,247 |
| 97124 | Hillsboro, OR 97124 | 9.6 mi | 92 | $58,806,308 | $574,900 | $639,199 |
| 97056 | Scappoose, OR 97056 | 10.1 mi | 48 | $38,788,272 | $595,000 | $808,089 |
| 97210 | Portland, OR 97210 | 10.2 mi | 70 | $66,006,640 | $725,000 | $942,952 |
| 98642 | Ridgefield, WA 98642 | 10.3 mi | 222 | $223,189,920 | $819,000 | $1,005,360 |
| 97006 | Beaverton, OR 97006 | 10.9 mi | 99 | $41,513,373 | $359,000 | $419,327 |
| 97227 | Portland, OR 97227 | 12.0 mi | 14 | $6,914,600 | $416,500 | $493,900 |
| 97003 | Beaverton, OR 97003 | 12.5 mi | 76 | $34,275,848 | $410,000 | $450,998 |
| 97225 | Portland, OR 97225 | 12.7 mi | 55 | $38,573,150 | $629,000 | $701,330 |
| 98664 | Vancouver, WA 98664 | 12.8 mi | 61 | $54,129,143 | $520,000 | $887,363 |
As of January 2026, there are 23 active listings in PORTLAND, OR (zip code 97231), compared to 22 the prior year.
The median listing price in PORTLAND, OR 97231 is $657,000 as of January 2026, a 39% decrease from $1,077,500 the prior year.
Homes in PORTLAND, OR 97231 spend an average of 149 days on the market before going under contract, compared to 177 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PORTLAND, OR 97231 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 149 days on market compared to 177 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97231 save an estimated $13,140 compared to a typical 5% commission on the median listing price of $657,000. 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.