Portland, OR 97225 Real Estate Market Report

ZIP Code: 97225
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates of 6.3% in Portland are 0.3% lower than the 6.6% average observed when typical loans in this area originated earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the median sold price of 739,450, which exceeds the median listing price of 689,950 and may indicate sellers are achieving higher closed values than current asking expectations in recent transactions.

2. The market is showing slower sales velocity with a median days on market of 291, suggesting longer time-to-contract and potential pricing friction despite completed sales activity.

3. Market balance is neutral: the market temperature is neutral, while sampled inventory patterns point to elevated inventory relative to sales activity, which appears to be resulting in more balanced negotiations; interest rate pressure is moderate, and Current 30-year fixed mortgage rates of 6.3% are 0.3% lower than the 6.6% average earlier in 2026, which may modestly support buyer affordability.

4. Price density and rental context show mixed signals: the median price per square foot is 326, and the median market rent is 1,676 while rent year-over-year trend is down, indicating softer rental momentum and increased concessions in the leasing market.

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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.

Portland, OR 97225 Real Estate Market Report

ZIP Code: 97225
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates of 6.3% in Portland are 0.3% lower than the 6.6% average observed when typical loans in this area originated earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the median sold price $319,000, which reflects realized transaction value and should be treated as the best single signal of current market value in 97225; the gap between the median listing price $265,000 and the median sold price suggests a meaningful divergence between asking and achieved prices that may indicate pricing friction.

2. The market shows slower sales velocity with a median days on market 288, which points to extended time-to-contract and slower transaction volume relative to hotter markets; this longer market time suggests buyers have more time to negotiate and sellers may need to be more flexible on terms.

3. Pricing density is moderate based on a median price per square foot 288, which—together with the neutral broader market readings—suggests relative price stability; the price year-over-year trend is reported as flat, reinforcing a stabilization narrative rather than rapid appreciation or decline.

4. Rent fundamentals are softening: the median market rent $1,495 coincides with a rent year-over-year trend marked as down, and interest rate conditions show moderate pressure with current 30-year fixed mortgage rates at 6.3% (about 0.3% lower than earlier in 2026), a combination that may influence buyer affordability and investor yield expectations.

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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.