Population: 14,941 · Density: 3,085.4/mi² · Median household income: $75,013
Typical home value: $734,545 · Homeownership: 26.9%
Data as of January 2026. Source: Realtor.com.
The PORTLAND, OR real estate market (97232) currently shows 18 active listings, with 6 pending sales. Homes are averaging 113 days on the market before going under contract.
Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 113 days on market compared to 65 days last year.
The median listing price has fallen 15.1% year-over-year, from $347,500 to $295,000.
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 $ |
|---|---|---|---|---|---|---|
| 97232 | Portland, OR 97232 | 0.0 mi | 18 | $9,251,478 | $295,000 | $513,971 |
| 97214 | Portland, OR 97214 | 1.1 mi | 36 | $22,827,384 | $599,950 | $634,094 |
| 97209 | Portland, OR 97209 | 2.0 mi | 176 | $95,742,240 | $399,948 | $543,990 |
| 97215 | Portland, OR 97215 | 2.4 mi | 25 | $18,446,350 | $599,900 | $737,854 |
| 97205 | Portland, OR 97205 | 2.9 mi | 40 | $25,935,040 | $374,900 | $648,376 |
| 97239 | Portland, OR 97239 | 3.6 mi | 108 | $85,164,588 | $666,950 | $788,561 |
| 97218 | Portland, OR 97218 | 3.9 mi | 40 | $17,926,800 | $399,900 | $448,170 |
| 97216 | Portland, OR 97216 | 4.3 mi | 39 | $13,568,373 | $334,950 | $347,907 |
| 97221 | Portland, OR 97221 | 4.6 mi | 32 | $61,255,136 | $944,800 | $1,914,223 |
| 97266 | Portland, OR 97266 | 5.2 mi | 94 | $41,179,708 | $399,995 | $438,082 |
| 97219 | Portland, OR 97219 | 5.9 mi | 117 | $94,290,651 | $607,500 | $805,903 |
| 97225 | Portland, OR 97225 | 6.4 mi | 55 | $38,573,150 | $629,000 | $701,330 |
| 98664 | Vancouver, WA 98664 | 7.0 mi | 61 | $54,129,143 | $520,000 | $887,363 |
As of January 2026, there are 18 active listings in PORTLAND, OR (zip code 97232), compared to 27 the prior year.
The median listing price in PORTLAND, OR 97232 is $295,000 as of January 2026, a 15.1% decrease from $347,500 the prior year.
Homes in PORTLAND, OR 97232 spend an average of 113 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PORTLAND, OR 97232 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 113 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTLAND, OR 97232 save an estimated $5,900 compared to a typical 5% commission on the median listing price of $295,000. 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.