Is Portland, OR 97223 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 2.5 months of supply and 33% 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.

Competition score75/ 100

More competitive than 80% of U.S. ZIP codes, and #14 of 170 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.5Under 4 months = seller’s market

Sold above original list32.6%Share of sales, last 3 months

Median sale-to-list100.2%Sold price ÷ list price

Median days on market13Listing to accepted offer

Median price per sq ft$312▼ −2.5% vs. last year

Run the numbers for 97223

Prefilled for 97223Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97223Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Banks 97106Balanced $321 /sq ft Beaverton 97003Seller’s market $313 /sq ft Beaverton 97005Seller’s market $299 /sq ft Beaverton 97006Seller’s market $300 /sq ft Browse all markets →

More tools for 97223

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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