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PORTLAND, OR 97206

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

Neighborhoods in ZIP 97206

Ardenwald-Brentwood · Ardenwald-Woodstock · Arleta · Brentwood · Creston-Kenilworth · Foster-Powell · Inner Southeast · Mt. Scott-Arleta · Outer Southeast · Richmond · South Tabor · Southeast Portland (Inner Southeast Portland) · Southeast Uplift · Woodstock

Market Analysis

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

The PORTLAND, OR real estate market (97206) currently shows 145 active listings, with 51 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 40 days on market compared to 39 days last year.

The median listing price has risen 2% year-over-year, from $418,425 to $427,000.

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: 51,062  ·  Density: 3,055.7/mi²  ·  Median household income: $86,995

Typical home value: $458,080  ·  Homeownership: 65.1%

Market Overview

Active Listings
145
⇩ 8.2% vs 158 last year
Pending
51
35% pending ratio
Median Price
$427,000
⇧ 2% vs $418,425 last year
Average Price
$457,545
⇩ 2.8% vs $470,574 last year
Days on Market
40
⇧ 2.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$351
⇩ 0.6% vs $353/sqft last year
Median Home Size
1,201 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 145 this year vs 158 last year
  • Days on market: 40 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $427,000 (+2% YoY)
  • Average: $457,545 (-2.8% 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 — 1,026 listings ($634,450,891 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97206Portland, OR 972060.0 mi144$66,043,872$426,250$458,638
97202Portland, OR 972022.2 mi79$48,640,458$495,000$615,702
97222Portland, OR 972222.9 mi74$38,563,990$415,000$521,135
97214Portland, OR 972143.1 mi36$22,827,384$599,950$634,094
97232Portland, OR 972323.9 mi18$9,251,478$295,000$513,971
97236Portland, OR 972364.3 mi96$48,143,808$461,000$501,498
97201Portland, OR 972014.8 mi108$74,923,488$350,000$693,736
97220Portland, OR 972205.2 mi66$30,906,546$440,000$468,281
97219Portland, OR 972195.3 mi117$94,290,651$607,500$805,903
97209Portland, OR 972095.4 mi176$95,742,240$399,948$543,990
97205Portland, OR 972055.6 mi40$25,935,040$374,900$648,376
97221Portland, OR 972216.3 mi32$61,255,136$944,800$1,914,223
97218Portland, OR 972186.5 mi40$17,926,800$399,900$448,170

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97206?

As of February 2026, there are 145 active listings in PORTLAND, OR (zip code 97206), compared to 158 the prior year.

What is the median home price in PORTLAND, OR 97206?

The median listing price in PORTLAND, OR 97206 is $427,000 as of February 2026, a 2% increase from $418,425 the prior year.

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

Homes in PORTLAND, OR 97206 spend an average of 40 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97206?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97206 is currently a Balanced Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 40 days on market compared to 39 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 97206 save an estimated $8,540 compared to a typical 5% commission on the median listing price of $427,000. 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.