OfferBackedBuyer Tools

Is Portland, OR 97231 a buyer’s or seller’s market?

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

Portland is a buyer’s market. With about 11.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply11.3Under 4 months = seller’s market
Sold above original list15.4%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$268▼ −9.7% vs. last year

Run the numbers for 97231

Prefilled for 97231Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97231Over-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 ftFairview 97024Seller’s market $284 /sq ftGresham 97030Seller’s market $254 /sq ftGresham 97080Seller’s market $269 /sq ft Browse all markets →

Local agents

See all agents in 97231 →

No sponsored agents in 97231 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 97231

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 Multnomah County property taxesMultnomah County loan limitsClosing costs in OregonHottest ZIP codes in Oregon
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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