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All market snapshots / 97233

Portland, OR 97233 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: 0.13
ActiveActive listings: 4646PendingPending 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): $409k$409kSoldMedian sold price (last 6 months): $392k$392k
What homes actually sell for in Portland, OR
Distribution of 180 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $340k to $455k
$175k to $231k: 10 sales$175k$231k to $286k: 13 sales$286k to $342k: 18 sales$286k$342k to $398k: 42 sales$398k to $453k: 43 sales43sales$398k$453k to $509k: 20 sales$509k to $564k: 8 sales$509k$564k to $620k: 8 salesMedian $392k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 6 pending sales in ZIP code 97233. That pending-to-active ratio of 0.13 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 $409,000, while the median of the 180 closed sales Resideline tracked over the last six months was $392,500. 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 97233 for 80 days.

Frequently asked questions

What is the median home price in 97233?

The median closed sale price in Portland, OR 97233 was $392,500 over the last six months, based on 180 closed sales tracked by Resideline. The middle half of those sales ranged from $339,900 to $455,000.

Is 97233 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 46 active listings in 97233, a pending-to-active ratio of 0.13. 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, 97233 is currently a typical-pace market.

Nearby ZIP code market data

Full Portland, OR housing market report →

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