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PORTLAND, OR 97201

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

Neighborhoods in ZIP 97201

Arlington Heights · Bridlemile · Corbett (Terwillger-Lair Hill) · Council Crest · Downtown · Goose Hollow · Goose Hollow Northwest Hills · Hayhurst · Healy Heights · Hillsdale · Homestead · Marquam Hill · Multnomah Village · Northwest · Southwest · Southwest Hills · West

Market Analysis

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

The PORTLAND, OR real estate market (97201) currently shows 117 active listings, with 16 pending sales. Homes are averaging 136 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 136 days on market compared to 128 days last year.

The median listing price has fallen 14.3% year-over-year, from $422,475 to $362,250.

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.

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Market Context

Market Context

Population: 17,508  ·  Density: 3,533.6/mi²  ·  Median household income: $64,385

Typical home value: $641,383  ·  Homeownership: 28.6%

Market Overview

Active Listings
117
⇩ 7.1% vs 126 last year
Pending
16
14% pending ratio
Median Price
$362,250
⇩ 14.3% vs $422,475 last year
Average Price
$835,686
⇩ 0.2% vs $837,201 last year
Days on Market
136
⇧ 6.3% vs 128 days last year

Price Per Square Foot

Median $/sqft
$339
⇩ 9.6% vs $375/sqft last year
Median Home Size
1,286 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 117 this year vs 126 last year
  • Days on market: 136 now vs 128 last year

Median & Average Pricing

Year over Year
  • Median: $362,250 (-14.3% YoY)
  • Average: $835,686 (-0.2% 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 6.5 miles — 1,116 listings ($805,839,156 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97201Portland, OR 972010.0 mi108$74,923,488$350,000$693,736
97239Portland, OR 972391.3 mi108$85,164,588$666,950$788,561
97221Portland, OR 972212.0 mi32$61,255,136$944,800$1,914,223
97227Portland, OR 972272.6 mi14$6,914,600$416,500$493,900
97202Portland, OR 972022.8 mi79$48,640,458$495,000$615,702
97210Portland, OR 972103.6 mi70$66,006,640$725,000$942,952
97225Portland, OR 972253.9 mi55$38,573,150$629,000$701,330
97206Portland, OR 972064.8 mi144$66,043,872$426,250$458,638
97005Beaverton, OR 970055.7 mi32$14,469,344$435,000$452,167
97222Portland, OR 972225.8 mi74$38,563,990$415,000$521,135
97223Portland, OR 972236.4 mi101$65,439,415$585,000$647,915
97218Portland, OR 972186.4 mi40$17,926,800$399,900$448,170
97229Portland, OR 972296.5 mi259$221,917,675$799,000$856,825

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97201?

As of February 2026, there are 117 active listings in PORTLAND, OR (zip code 97201), compared to 126 the prior year.

What is the median home price in PORTLAND, OR 97201?

The median listing price in PORTLAND, OR 97201 is $362,250 as of February 2026, a 14.3% decrease from $422,475 the prior year.

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

Homes in PORTLAND, OR 97201 spend an average of 136 days on the market before going under contract, compared to 128 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97201?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97201 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 136 days on market compared to 128 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 97201 save an estimated $7,245 compared to a typical 5% commission on the median listing price of $362,250. 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.