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Cathedral Park Kenton North Portland Portsmouth Saint Johns St. Johns University Park Whitwood Court

PORTLAND, OR 97203

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

Neighborhoods in ZIP 97203

Cathedral Park · Kenton · North Portland · Portsmouth · Saint Johns · St. Johns · University Park · Whitwood Court

Market Analysis

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

The PORTLAND, OR real estate market (97203) currently shows 106 active listings, with 39 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 70 days last year.

The median listing price has fallen 0.8% year-over-year, from $384,913 to $381,725.

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: 33,327  ·  Density: 1,194.1/mi²  ·  Median household income: $74,493

Typical home value: $447,149  ·  Homeownership: 58.8%

Market Overview

Active Listings
106
⇧ 7.1% vs 99 last year
Pending
39
37% pending ratio
Median Price
$381,725
⇩ 0.8% vs $384,913 last year
Average Price
$412,155
⇩ 9.3% vs $454,385 last year
Days on Market
43
⇩ 38.6% vs 70 days last year

Price Per Square Foot

Median $/sqft
$329
⇩ 2.7% vs $338/sqft last year
Median Home Size
1,013 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 99 last year
  • Days on market: 43 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $381,725 (-0.8% YoY)
  • Average: $412,155 (-9.3% 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 8.7 miles — 973 listings ($671,243,671 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97203Portland, OR 972030.0 mi102$42,432,102$399,450$416,001
97210Portland, OR 972104.1 mi70$66,006,640$725,000$942,952
98663Vancouver, WA 986635.3 mi36$20,875,968$514,900$579,888
97227Portland, OR 972275.6 mi14$6,914,600$416,500$493,900
97209Portland, OR 972096.2 mi176$95,742,240$399,948$543,990
97231Portland, OR 972316.4 mi23$21,117,059$657,000$918,133
97212Portland, OR 972126.7 mi37$35,850,484$805,000$968,932
97225Portland, OR 972257.4 mi55$38,573,150$629,000$701,330
97201Portland, OR 972017.5 mi108$74,923,488$350,000$693,736
97006Beaverton, OR 970067.6 mi99$41,513,373$359,000$419,327
98685Vancouver, WA 986858.0 mi84$88,000,836$787,000$1,047,629
98664Vancouver, WA 986648.3 mi61$54,129,143$520,000$887,363
97239Portland, OR 972398.7 mi108$85,164,588$666,950$788,561

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97203?

As of February 2026, there are 106 active listings in PORTLAND, OR (zip code 97203), compared to 99 the prior year.

What is the median home price in PORTLAND, OR 97203?

The median listing price in PORTLAND, OR 97203 is $381,725 as of February 2026, a 0.8% decrease from $384,913 the prior year.

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

Homes in PORTLAND, OR 97203 spend an average of 43 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97203?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97203 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 70 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 97203 save an estimated $7,635 compared to a typical 5% commission on the median listing price of $381,725. 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.