West Portland listings rose, but inventory still stayed below last year
Here is the one thing that matters most right now. More sellers are listing, but the total pool of homes is still shrinking. That changes how both sides should think about pricing and timing.
The Real Estate Data Aggregator counted 1,126 new listings across West Portland in the three months ending August 31, 2026. That is up 4.2% from the same months of 2025. So sellers: fresh competition is showing up. Price carefully.
At the same time, the Real Estate Data Aggregator counted only 1,152 total homes for sale. That is down 9.2% from a year before. So buyers: overall choice is still tighter than last year, even if new listings are trickling in.
Nationally, Realtor.com reported active listings topped 1.16 million as of September 30, 2026. West Portland's tighter picture is not the national story.
How each ZIP code read in the three months ending August 31, 2026
The market split sharply by ZIP code. Some areas moved fast. Others sat much longer. Here is what the Real Estate Data Aggregator found.
| 97219 | 97225 | 97221 | 97229 | |
|---|---|---|---|---|
| Median sale price | $630,000 | $720,000 | $846,500 | $807,500 |
| Median days on market | 19 | 18 | 25 | 28 |
| Sale to list price | 99.7% | 99.2% | 99.1% | 98.9% |
| Sold above list price | 33.3% | 29.4% | 18.4% | 21.9% |
| Under contract in 2 weeks | 43.3% | 41.9% | 40.4% | 36.6% |
| 97210 | 97201 | 97239 | 97209 | |
|---|---|---|---|---|
| Median sale price | $849,000 | $439,000 | $637,500 | $385,000 |
| Median days on market | 35 | 69 | 53 | 64 |
| Sale to list price | 97.9% | 96.2% | 98.5% | 97.1% |
| Sold above list price | 17% | 8.8% | 14.7% | 9.9% |
| Under contract in 2 weeks | 30.4% | 13.8% | 20.6% | 12.8% |
Speed: some homes went fast, others waited
- 197225 – Portland, OR18 days
- 297219 – Portland, OR19 days
- 397221 – Portland, OR25 days
- 497229 – Portland, OR28 days
- 597210 – Portland, OR35 days
- 697239 – Portland, OR53 days
- 797209 – Portland, OR64 days
- 897201 – Portland, OR69 days
The Real Estate Data Aggregator shows 97225 had a median of 18 days on market, 9 days shorter than the same period of 2025. That is the fastest in West Portland. 97201 sat at 69 days, though that was still 12 days shorter than a year before.
97239 is the one ZIP where wait times grew. The Real Estate Data Aggregator shows median days on market there rose 9 days longer than a year before, to 53 days. Not every ZIP is moving in the same direction.
Prices: some ZIPs rose, some slipped
The Real Estate Data Aggregator shows 97221 saw the biggest price gain, up 9.2% to a median of $846,500. That happened even as homes sold there fell 19.7%. Fewer sales, higher prices.
97225 saw the biggest price dip, down 9.1% to $720,000. Yet it also had the most sales activity and the fastest pace. Prices slipped a little, but demand stayed firm.
Pending sales and buyer demand held up overall
The Real Estate Data Aggregator counted 914 pending sales across West Portland, up 3.2% from a year before. Buyers are still writing contracts. Demand has not stalled.
Mortgage rates are adding pressure for buyers
Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. The 15-year fixed averaged 6.71%, also per Freddie Mac. These rates shape what buyers can afford, and they are not low.
Realtor.com also reported that 20.8% of listings nationally had a price cut in September 2026. That is the highest September share since 2018, per Realtor.com. West Portland sellers should know that number when they set a price.
What this means for you, ZIP by ZIP
If you are in 97219 or 97225, the Real Estate Data Aggregator shows more than 4 in 10 homes went under contract within two weeks of listing. Competition is real in those ZIPs.
If you are in 97201 or 97209, median days on market ran 64 to 69 days per the Real Estate Data Aggregator. Patience and pricing matter more there.
- West Portland saw more new listings in the three months ending August 31, 2026, up 4.2% per the Real Estate Data Aggregator.
- But total inventory still fell 9.2%.
- Buyers have less choice than last year.
- Sellers face more fresh competition.
- Speed and price gaps between ZIPs are wide.
- One street can read very differently from the ZIP code around it.
Your next step
(503) 680-1440Text me your address and I will send back how your West Portland home compares with what actually sold near you in the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 97210, 97209, 97201, 97225, 97221, 97229, 97219 and 97239, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: Mortgage Rates Hold Steady as 10-yr Treasury Yields Stabilize, Oct 15, 2026
- Freddie Mac: Mortgage Rates, read Oct 17, 2026
- FRED: New Privately-Owned Housing Units Started: Total Units, read Oct 17, 2026
- Bureau of Labor Statistics: Consumer Price Index Summary - 2026 M09 Results, read Oct 17, 2026
- Bureau of Labor Statistics: Employment Situation Summary - 2026 M09 Results, read Oct 17, 2026