Published November 1, 2026 in Market Update

One part of Portland Heights is moving much faster than another

By Becky Jackson
Real estate, Portland Heights

The biggest thing to know right now: which ZIP code your home sits in shapes everything. The Real Estate Data Aggregator counted homes in 97225 selling in a median 18 days for the three months ending August 31, 2026. In 97205, the median was 89 days. That is a 71-day difference inside the same market.

Median days on market by ZIP code, three months ending August 31, 2026
97225 – Portland, OR18 days97221 – Portland, OR25 days97201 – Portland, OR69 days97205 – Portland, OR89 days
Real Estate Data Aggregator. Lower is faster. The gap between 97225 and 97205 is 71 days.
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

Speed matters, but so does price. Realtor.com reported that 31.3% of Portland metro listings carried a price cut in September 2026. That is nearly 1 in 3 homes. Not every home in Portland Heights needed one, but the slower ZIPs tell you where sellers are feeling that pressure most.

Portland metro listings with a price cut, September 2026
Source: Realtor.com, Sep 30, 2026

ZIP 97225: the faster side

The Real Estate Data Aggregator counted 92 homes sold in 97225 in the three months ending August 31, 2026. That was up 15% from the same months in 2025. Homes for sale there fell 19.3% year over year, to 88. Less supply and more sales is a combination that keeps things moving.

The median sale price in 97225 was $720,000, down 9.1% from a year before. So prices dipped even as sales picked up. Buyers got more homes to close on, but at lower prices than last year. The Real Estate Data Aggregator put the sale-to-list ratio at 99.2%, up 0.4 points from 2025.

Nearly 42 in 100 homes in 97225 went under contract within two weeks of listing, the Real Estate Data Aggregator found. That share was up 9.4 points from a year before. When priced right, homes here are not sitting long.

97225 at a glance, three months ending August 31, 2026
Median sale price
Down 9.1% year over year
Homes sold
Up 15% year over year
Median days on market
9 days shorter than last year
Months of supply
Down 1.3 months year over year
Sale to list
Up 0.4 points year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

ZIP 97221: moving, but with more inventory building up

The Real Estate Data Aggregator counted 49 homes sold in 97221 in the three months ending August 31, 2026, down 19.7% from a year before. Homes for sale rose 19.3% to 68. More supply and fewer sales is the opposite of 97225.

The median sale price in 97221 was $846,500, up 9.2% year over year. Prices held up well here. Median days on market was 25, which is 6 days shorter than last year. Months of supply climbed to 4.3, up 1.4 months from 2025.

About 40 in 100 homes in 97221 went under contract within two weeks, the Real Estate Data Aggregator found, up 13.3 points from last year. That is a real improvement. Still, the rising inventory means buyers have more choices here than in 97225.

97221 at a glance, three months ending August 31, 2026
Median sale price
Up 9.2% year over year
Homes sold
Down 19.7% year over year
Median days on market
6 days shorter than last year
Months of supply
Up 1.4 months year over year
Sale to list
Down 0.1 points year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

ZIPs 97201 and 97205: the slower side, and what it takes

The Real Estate Data Aggregator put the median days on market in 97201 at 69 days for the three months ending August 31, 2026. That was 12 days shorter than a year before, which is progress. But the sale-to-list ratio was 96.2%, meaning sellers gave ground on price to close deals.

Only 13.8% of 97201 homes went under contract within two weeks, down 3.4 points from last year. Months of supply sat at 5.9. The median sale price was $439,000, up 7.9% from 2025. Prices rose, but homes needed more time and more negotiation to sell.

In 97205, the Real Estate Data Aggregator found a median of 89 days on market, up 18 days from last year. That is the slowest of the four ZIPs. Only 11.5% of homes went under contract within two weeks. Months of supply was 6.3. The median sale price was $457,500, up 34.6% year over year. That jump is notable, but with 89 median days on market, patience is part of the deal here.

97201 at a glance, three months ending August 31, 2026
Median sale price
Up 7.9% year over year
Homes sold
Up 5.6% year over year
Median days on market
12 days shorter than last year
Months of supply
Down 1.3 months year over year
Sale to list
Up 0.9 points year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026
97205 at a glance, three months ending August 31, 2026
Median sale price
Up 34.6% year over year
Homes sold
Up 13% year over year
Median days on market
18 days longer than last year
Months of supply
Down 0.6 months year over year
Sale to list
Up 2.3 points year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

How the four ZIPs stack up side by side

ZIP code comparison, three months ending August 31, 2026
97225972219720197205
Median sale price$720,000$846,500$439,000$457,500
Median days on market18256989
Months of supply2.94.35.96.3
Sale to list ratio99.2%99.1%96.2%99.1%
Under contract in 2 weeks41.9%40.4%13.8%11.5%
Real Estate Data Aggregator. For days on market and months of supply, lower is better for sellers. For all other rows, higher is better.

The wider picture: rates and the Portland metro

Freddie Mac put the average 30-year fixed mortgage rate at 7.24% as of October 29, 2026. The 15-year fixed averaged 6.60%. Those rates shape what buyers can afford, and they affect every ZIP in Portland Heights.

Realtor.com reported a median home price of $587,750 for the Portland-Vancouver-Hillsboro metro in September 2026. That sits well below the 97221 median of $846,500 and above the 97201 and 97205 medians. Portland Heights covers a wide range.

Broader context as of late 2026
30-year fixed rate
Freddie Mac, October 29, 2026
15-year fixed rate
Freddie Mac, October 29, 2026
Portland metro median price
Realtor.com, September 2026
Portland metro listings with price cuts
Realtor.com, September 2026
Sources: Freddie Mac, read Oct 31, 2026; Realtor.com, Sep 30, 2026

Portland Heights overall: the combined picture

Across all four ZIPs together, the Real Estate Data Aggregator counted 224 homes sold in the three months ending August 31, 2026, up 2.8% from a year before. New listings rose 9.9% to 277. Homes for sale fell 7.8% to 318. Pending sales edged up 0.9% to 229.

Portland Heights combined, three months ending August 31, 2026
Homes sold
Up 2.8% year over year
New listings
Up 9.9% year over year
Homes for sale
Down 7.8% year over year
Pending sales
Up 0.9% year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026
In short
  1. Portland Heights is not one market.
  2. It is four.
  3. In 97225, the Real Estate Data Aggregator found a median of 18 days on market and 2.9 months of supply.
  4. In 97205, it found 89 days and 6.3 months.
  5. The street your home sits on can tell a very different story from the ZIP code average.
  6. If you want to know where your home stands, the numbers for your specific address matter most.

Your next step

(503) 680-1440

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Where these numbers came from
Becky Jackson
Corcoran Prime · (503) 680-1440
Privacy policyTerms of useDo not sell or share my informationAccessibility statementFair housing notice
Becky Jackson is a licensed real estate agent with Corcoran Prime, license #860800195. Market numbers come from MLS records and are believed accurate but not guaranteed. Nothing on this site is an appraisal or a promise of value. If your home is already listed with another broker, this is not a solicitation.
© 2026 Becky Jackson · Corcoran PrimeEQUAL HOUSING OPPORTUNITY