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Forest Park Northwest Northwest Heights West

PORTLAND, OR 97229

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

Neighborhoods in ZIP 97229

Forest Park · Northwest · Northwest Heights · West

Market Analysis

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

The PORTLAND, OR real estate market (97229) currently shows 303 active listings, with 90 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 62 days on market compared to 71 days last year.

The median listing price has risen 2.5% year-over-year, from $778,496 to $798,000.

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: 74,755  ·  Density: 1,468.8/mi²  ·  Median household income: $150,580

Typical home value: $690,291  ·  Homeownership: 69.4%

Market Overview

Active Listings
303
⇧ 7.1% vs 283 last year
Pending
90
30% pending ratio
Median Price
$798,000
⇧ 2.5% vs $778,496 last year
Average Price
$845,544
⇩ 0.7% vs $851,342 last year
Days on Market
62
⇩ 12.7% vs 71 days last year

Price Per Square Foot

Median $/sqft
$309
⇩ 1.9% vs $315/sqft last year
Median Home Size
2,586 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 303 this year vs 283 last year
  • Days on market: 62 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $798,000 (+2.5% YoY)
  • Average: $845,544 (-0.7% 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 9.1 miles — 1,307 listings ($901,857,335 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97229Portland, OR 972290.0 mi259$221,917,675$799,000$856,825
97210Portland, OR 972103.6 mi70$66,006,640$725,000$942,952
97005Beaverton, OR 970054.1 mi32$14,469,344$435,000$452,167
97203Portland, OR 972034.9 mi102$42,432,102$399,450$416,001
97205Portland, OR 972055.7 mi40$25,935,040$374,900$648,376
97209Portland, OR 972096.2 mi176$95,742,240$399,948$543,990
97078Beaverton, OR 970786.4 mi58$29,126,034$513,475$502,173
97201Portland, OR 972016.5 mi108$74,923,488$350,000$693,736
97239Portland, OR 972397.2 mi108$85,164,588$666,950$788,561
97007Beaverton, OR 970078.0 mi196$121,480,996$623,500$619,801
97232Portland, OR 972328.2 mi18$9,251,478$295,000$513,971
97219Portland, OR 972198.5 mi117$94,290,651$607,500$805,903
97231Portland, OR 972319.1 mi23$21,117,059$657,000$918,133

Frequently Asked Questions

How many homes are for sale in PORTLAND, OR 97229?

As of February 2026, there are 303 active listings in PORTLAND, OR (zip code 97229), compared to 283 the prior year.

What is the median home price in PORTLAND, OR 97229?

The median listing price in PORTLAND, OR 97229 is $798,000 as of February 2026, a 2.5% increase from $778,496 the prior year.

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

Homes in PORTLAND, OR 97229 spend an average of 62 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in PORTLAND, OR 97229?

Based on current inventory and days-on-market data as of February 2026, PORTLAND, OR 97229 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 71 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 97229 save an estimated $15,960 compared to a typical 5% commission on the median listing price of $798,000. 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.