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All market snapshots / 97229

Portland, OR 97229 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Portland, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 142142PendingPending sales: 99
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): $799k$799kSoldMedian sold price (last 6 months): $770k$770k
What homes actually sell for in Portland, OR
Distribution of 573 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $582k to $949k
$300k to $441k: 49 sales$300k$441k to $581k: 66 sales$581k to $722k: 107 sales$581k$722k to $862k: 109 sales109sales$862k to $1M: 95 sales$862k$1M to $1.14M: 41 sales$1.14M to $1.28M: 32 sales$1.14M$1.28M to $1.42M: 17 salesMedian $770k

What the numbers say

As of October 26, 2026, Resideline is tracking 142 active listings and 9 pending sales in ZIP code 97229. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $799,000, while the median of the 573 closed sales Resideline tracked over the last six months was $770,000. 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 97229 for 84 days.

Frequently asked questions

What is the median home price in 97229?

The median closed sale price in Portland, OR 97229 was $770,000 over the last six months, based on 573 closed sales tracked by Resideline. The middle half of those sales ranged from $582,500 to $949,000.

Is 97229 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 142 active listings in 97229, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 97229 is currently a typical-pace market.

Nearby ZIP code market data

Full Portland, OR housing market report →

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