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Broadway District (Irvington-Broadway District) Central Eastside Hollywood Inner Southeast Kerns Laurelhurst Lloyd District Lower Burnside (LoBu) Southeast Portland (Inner Southeast Portland) Sullivan's Gulch

PORTLAND, OR 97232

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97232

Broadway District (Irvington-Broadway District) · Central Eastside · Hollywood · Inner Southeast · Kerns · Laurelhurst · Lloyd District · Lower Burnside (LoBu) · Southeast Portland (Inner Southeast Portland) · Sullivan's Gulch

Market Analysis

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

The PORTLAND, OR real estate market (97232) currently shows 29 active listings, with 8 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 37 days on market compared to 81 days last year.

The median listing price has risen 17.4% year-over-year, from $370,000 to $434,500.

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: 14,941  ·  Density: 3,085.4/mi²  ·  Median household income: $75,013

Typical home value: $734,545  ·  Homeownership: 26.9%

Market Overview

Active Listings
29
⇧ 7.4% vs 27 last year
Pending
8
28% pending ratio
Median Price
$434,500
⇧ 17.4% vs $370,000 last year
Average Price
$636,706
⇧ 17.4% vs $542,318 last year
Days on Market
37
⇩ 54.3% vs 81 days last year

Price Per Square Foot

Median $/sqft
$360
⇧ 8.8% vs $331/sqft last year
Median Home Size
1,095 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 27 last year
  • Days on market: 37 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $434,500 (+17.4% YoY)
  • Average: $636,706 (+17.4% 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 7.0 miles — 951 listings ($650,213,055 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97232Portland, OR 972320.0 mi22$13,404,710$315,000$609,305
97214Portland, OR 972141.1 mi41$26,454,184$639,925$645,224
97209Portland, OR 972092.0 mi194$102,954,054$399,900$530,691
97215Portland, OR 972152.4 mi31$24,193,020$655,000$780,420
97205Portland, OR 972052.9 mi50$31,149,600$374,950$622,992
97239Portland, OR 972393.6 mi118$90,335,490$674,900$765,555
97218Portland, OR 972183.9 mi39$17,170,842$392,450$440,278
97216Portland, OR 972164.3 mi49$15,785,742$304,200$322,158
97221Portland, OR 972214.6 mi34$66,802,282$999,500$1,964,773
97266Portland, OR 972665.2 mi92$40,095,348$399,900$435,819
97219Portland, OR 972195.9 mi154$122,172,820$585,000$793,330
97225Portland, OR 972256.4 mi58$47,025,124$656,475$810,778
98664Vancouver, WA 986647.0 mi69$52,669,839$498,250$763,331

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97232?

As of March 2026, there are 29 active listings in PORTLAND, OR (zip code 97232), compared to 27 the prior year.

What is the median home price in PORTLAND, OR 97232?

The median listing price in PORTLAND, OR 97232 is $434,500 as of March 2026, a 17.4% increase from $370,000 the prior year.

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

Homes in PORTLAND, OR 97232 spend an average of 37 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97232?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97232 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 37 days on market compared to 81 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 97232 save an estimated $8,690 compared to a typical 5% commission on the median listing price of $434,500. 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.