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All market snapshots / 97229

Portland, OR 97229 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: 0.08
ActiveActive listings: 140140PendingPending sales: 1111
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): $735k$735kSoldMedian sold price (last 6 months): $777k$777k
What homes actually sell for in Portland, OR
Distribution of 614 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $565k to $932k
$295k to $429k: 52 sales$295k$429k to $562k: 71 sales$562k to $696k: 80 sales$562k$696k to $830k: 131 sales131sales$830k to $964k: 120 sales$830k$964k to $1.1M: 40 sales$1.1M to $1.23M: 33 sales$1.1M$1.23M to $1.36M: 26 salesMedian $777k

What the numbers say

As of September 14, 2026, Resideline is tracking 140 active listings and 11 pending sales in ZIP code 97229. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $735,000, while the median of the 614 closed sales Resideline tracked over the last six months was $777,000. 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 67 days.

Frequently asked questions

What is the median home price in 97229?

The median closed sale price in Portland, OR 97229 was $777,000 over the last six months, based on 614 closed sales tracked by Resideline. The middle half of those sales ranged from $565,000 to $932,000.

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

Resideline is currently tracking 11 pending sales against 140 active listings in 97229, a pending-to-active ratio of 0.08. 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

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