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All market snapshots / 97209

Portland, OR 97209 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Portland, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.02
ActiveActive listings: 8484PendingPending sales: 22
Portland, OR: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $397k$397kSoldMedian sold price (last 6 months): $380k$380k
What homes actually sell for in Portland, OR
Distribution of 150 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $265k to $575k
$101k to $226k: 18 sales$101k$226k to $350k: 42 sales42sales$350k to $474k: 26 sales$350k$474k to $598k: 21 sales$598k to $722k: 13 sales$598k$722k to $847k: 6 sales$847k to $971k: 6 sales$847k$971k to $1.1M: 3 salesMedian $380k

What the numbers say

As of October 5, 2026, Resideline is tracking 84 active listings and 2 pending sales in ZIP code 97209. That pending-to-active ratio of 0.02 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $397,450, while the median of the 150 closed sales Resideline tracked over the last six months was $380,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 97209 for 89 days.

Frequently asked questions

What is the median home price in 97209?

The median closed sale price in Portland, OR 97209 was $380,000 over the last six months, based on 150 closed sales tracked by Resideline. The middle half of those sales ranged from $265,000 to $575,000.

Is 97209 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 84 active listings in 97209, a pending-to-active ratio of 0.02. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 97209 currently looks like a balanced market.

Nearby ZIP code market data

Full Portland, OR housing market report →

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