Portland, OR 97229 Housing Market
- Active listings31currently for sale
- Pending sales64under contract
- Median asking price$799,000current listings
- Inventory age27 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)611a tracked sample, not a market total
- Median sold price$779,999last 6 months
- Middle half of sold prices$582k to $930k25th to 75th percentile
What the numbers say
As of August 26, 2026, Resideline is tracking 31 active listings and 64 pending sales in ZIP code 97229. That pending-to-active ratio of 2.06 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $799,000, while the median of the 611 closed sales Resideline tracked over the last six months was $779,999. 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. The median active listing in 97229 has been on the market for 27 days.
Frequently asked questions
What is the median home price in 97229?
The median closed sale price in Portland, OR 97229 was $779,999 over the last six months, based on 611 closed sales tracked by Resideline. The middle half of those sales ranged from $582,500 to $930,000.
Is 97229 a buyer's or seller's market?
Resideline is currently tracking 64 pending sales against 31 active listings in 97229, a pending-to-active ratio of 2.06. 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, 97229 currently looks like a seller's market.