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Portland, OR 97217 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Portland, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 7575PendingPending sales: 55
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): $395k$395kSoldMedian sold price (last 6 months): $510k$510k
What homes actually sell for in Portland, OR
Distribution of 344 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $391k to $640k
$196k to $281k: 19 sales$196k$281k to $365k: 42 sales$365k to $450k: 60 sales60sales$365k$450k to $535k: 56 sales$535k to $620k: 50 sales$535k$620k to $705k: 46 sales$705k to $790k: 25 sales$705k$790k to $875k: 11 salesMedian $510k

What the numbers say

As of September 14, 2026, Resideline is tracking 75 active listings and 5 pending sales in ZIP code 97217. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $395,000, while the median of the 344 closed sales Resideline tracked over the last six months was $510,000. 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 97217 for 70 days.

Frequently asked questions

What is the median home price in 97217?

The median closed sale price in Portland, OR 97217 was $510,000 over the last six months, based on 344 closed sales tracked by Resideline. The middle half of those sales ranged from $391,400 to $640,000.

Is 97217 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 75 active listings in 97217, a pending-to-active ratio of 0.07. 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, 97217 currently looks like a balanced market.

Nearby ZIP code market data

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