Start Free
All market snapshots / 97229

Portland, OR 97229 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: 0.04
ActiveActive listings: 136136PendingPending sales: 66
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): $772k$772k
What homes actually sell for in Portland, OR
Distribution of 598 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $569k to $930k
$300k to $428k: 43 sales$300k$428k to $556k: 70 sales$556k to $684k: 80 sales$556k$684k to $812k: 117 sales117sales$812k to $941k: 117 sales$812k$941k to $1.07M: 47 sales$1.07M to $1.2M: 40 sales$1.07M$1.2M to $1.32M: 23 salesMedian $772k

What the numbers say

As of October 5, 2026, Resideline is tracking 136 active listings and 6 pending sales in ZIP code 97229. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $799,000, while the median of the 598 closed sales Resideline tracked over the last six months was $772,000. 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 74 days.

Frequently asked questions

What is the median home price in 97229?

The median closed sale price in Portland, OR 97229 was $772,000 over the last six months, based on 598 closed sales tracked by Resideline. The middle half of those sales ranged from $569,000 to $930,000.

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

Resideline is currently tracking 6 pending sales against 136 active listings in 97229, a pending-to-active ratio of 0.04. 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 balanced market.

Nearby ZIP code market data

Full Portland, OR housing market report →

Running a deal in 97229? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 97229 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.