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Chinatown (Old Town) Northwest District Pearl The Bucket

PORTLAND, OR 97209

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

Neighborhoods in ZIP 97209

Chinatown (Old Town) · Northwest District · Pearl · The Bucket

Market Analysis

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

The PORTLAND, OR real estate market (97209) currently shows 194 active listings, with 19 pending sales. Homes are averaging 108 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 108 days on market compared to 105 days last year.

The median listing price has fallen 4.9% year-over-year, from $420,694 to $399,900.

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: 20,445  ·  Density: 7,663.5/mi²  ·  Median household income: $84,893

Typical home value: $590,893  ·  Homeownership: 22.5%

Market Overview

Active Listings
194
⇩ 2.5% vs 199 last year
Pending
19
10% pending ratio
Median Price
$399,900
⇩ 4.9% vs $420,694 last year
Average Price
$530,691
⇩ 2.1% vs $542,184 last year
Days on Market
108
⇧ 2.9% vs 105 days last year

Price Per Square Foot

Median $/sqft
$398
⇩ 5.5% vs $421/sqft last year
Median Home Size
1,056 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 194 this year vs 199 last year
  • Days on market: 108 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $399,900 (-4.9% YoY)
  • Average: $530,691 (-2.1% 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 7.0 miles — 1,236 listings ($789,338,355 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97209Portland, OR 972090.0 mi176$95,742,240$399,948$543,990
97205Portland, OR 972051.2 mi40$25,935,040$374,900$648,376
97232Portland, OR 972322.0 mi18$9,251,478$295,000$513,971
97214Portland, OR 972142.3 mi36$22,827,384$599,950$634,094
97239Portland, OR 972392.9 mi108$85,164,588$666,950$788,561
97202Portland, OR 972023.9 mi79$48,640,458$495,000$615,702
97211Portland, OR 972114.2 mi90$48,319,380$455,000$536,882
97217Portland, OR 972174.6 mi140$64,574,580$415,000$461,247
97218Portland, OR 972185.1 mi40$17,926,800$399,900$448,170
97219Portland, OR 972195.4 mi117$94,290,651$607,500$805,903
97216Portland, OR 972166.2 mi39$13,568,373$334,950$347,907
97229Portland, OR 972296.2 mi259$221,917,675$799,000$856,825
97266Portland, OR 972667.0 mi94$41,179,708$399,995$438,082

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97209?

As of February 2026, there are 194 active listings in PORTLAND, OR (zip code 97209), compared to 199 the prior year.

What is the median home price in PORTLAND, OR 97209?

The median listing price in PORTLAND, OR 97209 is $399,900 as of February 2026, a 4.9% decrease from $420,694 the prior year.

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

Homes in PORTLAND, OR 97209 spend an average of 108 days on the market before going under contract, compared to 105 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97209?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97209 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 108 days on market compared to 105 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 97209 save an estimated $7,998 compared to a typical 5% commission on the median listing price of $399,900. 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.