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PORTLAND, OR 97224

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

Market Analysis

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

The PORTLAND, OR real estate market (97224) currently shows 154 active listings, with 62 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has tightened compared to last year, with 57 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 65 days on market compared to 62 days last year.

The median listing price has fallen 7.2% year-over-year, from $629,950 to $584,725.

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: 36,591  ·  Density: 1,561.4/mi²  ·  Median household income: $86,401

Typical home value: $530,679  ·  Homeownership: 67.4%

Market Overview

Active Listings
154
⇩ 27% vs 211 last year
Pending
62
40% pending ratio
Median Price
$584,725
⇩ 7.2% vs $629,950 last year
Average Price
$609,306
⇩ 9.3% vs $671,753 last year
Days on Market
65
⇧ 4.8% vs 62 days last year

Price Per Square Foot

Median $/sqft
$286
⇩ 4.7% vs $300/sqft last year
Median Home Size
1,922 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 154 this year vs 211 last year
  • Days on market: 65 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $584,725 (-7.2% YoY)
  • Average: $609,306 (-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 9.9 miles — 1,102 listings ($834,466,442 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97224Portland, OR 972240.0 mi152$93,747,976$578,000$616,763
97062Tualatin, OR 970623.1 mi58$36,283,872$594,000$625,584
97008Beaverton, OR 970083.8 mi47$22,960,393$525,000$488,519
97140Sherwood, OR 971404.9 mi108$99,495,216$680,000$921,252
97219Portland, OR 972195.7 mi117$94,290,651$607,500$805,903
97078Beaverton, OR 970786.7 mi58$29,126,034$513,475$502,173
97070Wilsonville, OR 970706.9 mi99$85,783,698$694,450$866,502
97068West Linn, OR 970687.2 mi136$155,273,512$869,900$1,141,717
97239Portland, OR 972397.7 mi108$85,164,588$666,950$788,561
97267Portland, OR 972678.8 mi78$52,770,666$632,480$676,547
97222Portland, OR 972229.0 mi74$38,563,990$415,000$521,135
97205Portland, OR 972059.1 mi40$25,935,040$374,900$648,376
97027Gladstone, OR 970279.9 mi27$15,070,806$560,000$558,178

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97224?

As of February 2026, there are 154 active listings in PORTLAND, OR (zip code 97224), compared to 211 the prior year.

What is the median home price in PORTLAND, OR 97224?

The median listing price in PORTLAND, OR 97224 is $584,725 as of February 2026, a 7.2% decrease from $629,950 the prior year.

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

Homes in PORTLAND, OR 97224 spend an average of 65 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97224?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97224 is currently a Balanced Market. Inventory has tightened compared to last year, with 57 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 65 days on market compared to 62 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 97224 save an estimated $11,695 compared to a typical 5% commission on the median listing price of $584,725. 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.