Altos Market Data for Realtors

Portland, OR 97224

Single-Family Homes

Schedule a demo today at AltosResearch.com


Portland, OR 97224

Sun Jul 12 2026
This week the median list price for Portland, OR 97224 is $725,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 59. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Portland, OR 97224

Sun Jul 12 2026
This week the median list price for Portland, OR 97224 is $725,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 59. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $725,000
Median Price of New Listings $707,444
Per Square Foot $280
Average Days on Market 74
Median Days on Market 42
Price Decreased 51%
Price Increased 0%
Relisted 2%
Inventory 59
Median Rent
Market Action 42
Slight Seller's Advantage

You can see that prices in this zip code have been upward in the last few weeks and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$999,500 3,652 6,500 - 8,000 sqft 4 3 23 0 0 42
$775,000 3,129 8,000 - 10,000 sqft 4 3 34 2 0 42
$635,000 2,338 4,500 - 6,500 sqft 4 2.5 21 1 2 56
$492,500 1,426 0 - 4,500 sqft 2 2.3 37 1 5 21