Start Free
All market snapshots / 97233

Portland, OR 97233 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: 0.07
ActiveActive listings: 4141PendingPending sales: 33
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): $445k$445kSoldMedian sold price (last 6 months): $395k$395k
What homes actually sell for in Portland, OR
Distribution of 187 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $340k to $456k
$175k to $229k: 11 sales$175k$229k to $282k: 11 sales$282k to $336k: 15 sales$282k$336k to $390k: 40 sales$390k to $444k: 50 sales50sales$390k$444k to $498k: 20 sales$498k to $551k: 12 sales$498k$551k to $605k: 9 salesMedian $395k

What the numbers say

As of October 5, 2026, Resideline is tracking 41 active listings and 3 pending sales in ZIP code 97233. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $445,000, while the median of the 187 closed sales Resideline tracked over the last six months was $394,600. 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 66 days.

Frequently asked questions

What is the median home price in 97233?

The median closed sale price in Portland, OR 97233 was $394,600 over the last six months, based on 187 closed sales tracked by Resideline. The middle half of those sales ranged from $339,900 to $456,000.

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

Resideline is currently tracking 3 pending sales against 41 active listings in 97233, a pending-to-active ratio of 0.07. 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, 97233 currently looks like a balanced market.

Nearby ZIP code market data

Full Portland, OR housing market report →

Running a deal in 97233? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 97233 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.