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Ardenwald Ardenwald-Woodstock Brooklyn Central Eastside Clinton Corbett (Terwillger-Lair Hill) Creston-Kenilworth Eastmoreland Eastmoreland-Reed Hosford-Abernathy Inner Southeast Reed Richmond Riverdale Sellwood Sellwood (Sellwood Moreland) Sellwood-Moreland Seven Corners Southeast Portland (Inner Southeast Portland) Southeast Uplift Westmoreland Woodstock

PORTLAND, OR 97202

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97202

Ardenwald · Ardenwald-Woodstock · Brooklyn · Central Eastside · Clinton · Corbett (Terwillger-Lair Hill) · Creston-Kenilworth · Eastmoreland · Eastmoreland-Reed · Hosford-Abernathy · Inner Southeast · Reed · Richmond · Riverdale · Sellwood · Sellwood (Sellwood Moreland) · Sellwood-Moreland · Seven Corners · Southeast Portland (Inner Southeast Portland) · Southeast Uplift · Westmoreland · Woodstock

Market Analysis

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

The PORTLAND, OR real estate market (97202) currently shows 95 active listings, with 31 pending sales. Homes are averaging 101 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 taking longer to sell, averaging 101 days on market compared to 45 days last year.

The median listing price has fallen 8.8% year-over-year, from $544,950 to $497,000.

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.

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Market Context

Market Context

Population: 43,687  ·  Density: 2,688.6/mi²  ·  Median household income: $94,983

Typical home value: $656,489  ·  Homeownership: 51.9%

Market Overview

Active Listings
95
⇧ 2.2% vs 93 last year
Pending
31
33% pending ratio
Median Price
$497,000
⇩ 8.8% vs $544,950 last year
Average Price
$600,096
⇩ 6% vs $638,689 last year
Days on Market
101
⇧ 124.4% vs 45 days last year

Price Per Square Foot

Median $/sqft
$374
⇧ 4.8% vs $357/sqft last year
Median Home Size
1,411 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 95 this year vs 93 last year
  • Days on market: 101 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $497,000 (-8.8% YoY)
  • Average: $600,096 (-6% 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 — 1,108 listings ($879,777,714 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97202Portland, OR 972020.0 mi79$48,640,458$495,000$615,702
97214Portland, OR 972142.2 mi36$22,827,384$599,950$634,094
97201Portland, OR 972012.8 mi108$74,923,488$350,000$693,736
97222Portland, OR 972223.1 mi74$38,563,990$415,000$521,135
97219Portland, OR 972193.3 mi117$94,290,651$607,500$805,903
97209Portland, OR 972093.9 mi176$95,742,240$399,948$543,990
97221Portland, OR 972214.2 mi32$61,255,136$944,800$1,914,223
97213Portland, OR 972134.4 mi69$34,442,040$489,950$499,160
97216Portland, OR 972164.7 mi39$13,568,373$334,950$347,907
97034Lake Oswego, OR 970345.4 mi96$201,617,280$1,647,000$2,100,180
97035Lake Oswego, OR 970356.2 mi120$114,856,320$660,250$957,136
97220Portland, OR 972206.3 mi66$30,906,546$440,000$468,281
97236Portland, OR 972366.5 mi96$48,143,808$461,000$501,498

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97202?

As of February 2026, there are 95 active listings in PORTLAND, OR (zip code 97202), compared to 93 the prior year.

What is the median home price in PORTLAND, OR 97202?

The median listing price in PORTLAND, OR 97202 is $497,000 as of February 2026, a 8.8% decrease from $544,950 the prior year.

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

Homes in PORTLAND, OR 97202 spend an average of 101 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97202?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97202 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 101 days on market compared to 45 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 97202 save an estimated $9,940 compared to a typical 5% commission on the median listing price of $497,000. 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.