Is Portland, OR 97216 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Portland is a seller’s market. With about 1.6 months of supply and 35% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.6Under 4 months = seller’s market

Sold above original list34.5%Share of sales, last 3 months

Median sale-to-list100.8%Sold price ÷ list price

Median days on market17Listing to accepted offer

Median price per sq ft$329▲ +2.1% vs. last year

Run the numbers for 97216

Prefilled for 97216Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97216Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Corbett 97019Balanced $309 /sq ft Fairview 97024Seller’s market $284 /sq ft Gresham 97030Seller’s market $254 /sq ft Gresham 97080Seller’s market $269 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology