Portland, OR 97211 Real Estate Market Report

ZIP Code: 97211
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Portland, OR (97211) is currently characterized by a median sold price of $591,000, reflecting a stable yet cautious environment. The market has seen a decrease in prices year-over-year, indicating a shift in buyer sentiment and potential pricing adjustments. With the median days on market standing at 203, properties are taking longer to sell, suggesting a slower sales velocity compared to previous periods.

Inventory levels are elevated, with a notable gap between the median listing price of $649,499.50 and the median sold price. This disparity may indicate seller expectations that are not fully aligned with current market realities. Despite the neutral market temperature, economic factors such as job contraction and slowed population growth are exerting pressure on market dynamics, contributing to a balanced yet cautious atmosphere for buyers and sellers alike.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $591,000 reflects a decrease in market value compared to previous periods, indicating potential pricing adjustments.

2. With a median days on market of 203, properties are experiencing slower sales velocity, suggesting a need for strategic pricing and marketing.

3. The median listing price of $649,499.50 presents a significant gap compared to the median sold price, indicating potential pricing friction in the market.

4. Elevated inventory levels suggest an excess supply relative to sales activity, which may lead to further price stabilization.

5. Local economic conditions, including elevated interest rate pressure, are contributing to a cautious market environment, impacting buyer confidence.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.