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Centennial East Portland Glenfair Hazelwood Mill Park Rockwood

PORTLAND, OR 97233

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

Neighborhoods in ZIP 97233

Centennial · East Portland · Glenfair · Hazelwood · Mill Park · Rockwood

Market Analysis

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

The PORTLAND, OR real estate market (97233) currently shows 88 active listings, with 29 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 85 days on market compared to 37 days last year.

The median listing price has fallen 2.2% year-over-year, from $381,450 to $372,975.

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: 37,625  ·  Density: 3,128.5/mi²  ·  Median household income: $52,441

Typical home value: $350,012  ·  Homeownership: 50.9%

Market Overview

Active Listings
88
⇧ 15.8% vs 76 last year
Pending
29
33% pending ratio
Median Price
$372,975
⇩ 2.2% vs $381,450 last year
Average Price
$369,397
⇩ 3.9% vs $384,576 last year
Days on Market
85
⇧ 129.7% vs 37 days last year

Price Per Square Foot

Median $/sqft
$271
⇧ 4.6% vs $259/sqft last year
Median Home Size
1,166 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 88 this year vs 76 last year
  • Days on market: 85 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $372,975 (-2.2% YoY)
  • Average: $369,397 (-3.9% 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 8.1 miles — 928 listings ($498,557,992 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97233Portland, OR 972330.0 mi83$31,171,065$379,250$375,555
97216Portland, OR 972162.9 mi49$15,785,742$304,200$322,158
97030Gresham, OR 970303.3 mi91$36,751,715$417,225$403,865
97266Portland, OR 972663.6 mi92$40,095,348$399,900$435,819
97215Portland, OR 972154.9 mi31$24,193,020$655,000$780,420
97213Portland, OR 972135.1 mi84$40,141,248$457,450$477,872
97080Gresham, OR 970805.8 mi158$90,477,752$525,000$572,644
97060Troutdale, OR 970606.4 mi36$19,943,640$478,975$553,990
97089Damascus, OR 970896.7 mi34$27,370,204$659,425$805,006
97232Portland, OR 972327.1 mi22$13,404,710$315,000$609,305
97212Portland, OR 972127.3 mi47$44,999,163$806,950$957,429
97222Portland, OR 972227.6 mi81$41,947,065$417,500$517,865
98684Vancouver, WA 986848.1 mi120$72,277,320$599,000$602,311

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97233?

As of March 2026, there are 88 active listings in PORTLAND, OR (zip code 97233), compared to 76 the prior year.

What is the median home price in PORTLAND, OR 97233?

The median listing price in PORTLAND, OR 97233 is $372,975 as of March 2026, a 2.2% decrease from $381,450 the prior year.

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

Homes in PORTLAND, OR 97233 spend an average of 85 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97233?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, OR 97233 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 37 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 97233 save an estimated $7,460 compared to a typical 5% commission on the median listing price of $372,975. 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.