Portland Metro
Portland Metro Market Report
Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/28/2026
Share & embed
free · county-record data · links back hereListings Flow Ladder — Portland
Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026
- Faucet — new listings
- 4,049/mo
- 75% of normal (5,396) · trickle
- Basin — active listings
- 11,398
- 105% of normal (10,880) · low
- Months of supply
- 3.5 mo
- derived — not published at this grain
- Drain — closed sales
- 3,301/mo
- 70% of normal (4,727)
- Net — faucet minus drain
- +749/mo
- filling
- Reading
- current
- as of 2026-09-30
How plugged is the drain? Two definitions, both ours, deliberately not reconciled.
- 32%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
- 30%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month
Closed sales over 24 months — two different numbers, deliberately not merged.
- 302/mofall in the monthly rate (8%)— peak 3,602/mo (2026-07-31) to 3,301/mo now
- 27,691transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
- rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 150 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.
Verified county coverage:Multnomah County, OR
New Listings Trend
Monthly new for-sale listings · Redfin + Realtor.com · Portland, OR
as of Sep 1, 2026Buyer Leverage — Should I Buy in Portland?
MODERATE — Portland has mixed conditions, pockets of opportunity
| ZIP | City | Score | Median Price | YoY | Burden | Buy/Rent | DOM | Supply | Gap % |
|---|---|---|---|---|---|---|---|---|---|
| 97206 | Portland | 56 | $461,375 | +0.7% | 32.3% | Rent | 14d | 2.3mo | -43.3% |
| 97219 | Portland | 60 | $627,484 | +1.0% | 35.8% | Rent | 26d | 3.9mo | -3.6% |
| 97080 | Gresham | 49 | $511,451 | 0.0% | 35.1% | Rent | 29d | 3.6mo | -37.4% |
| 97202 | Portland | 44 | $622,201 | +1.8% | 40.9% | Rent | 20d | 2.3mo | -18.5% |
| 97217 | Portland | 61 | $490,288 | +0.3% | 32.2% | Rent | 20d | 3.4mo | — |
| 97211 | Portland | 52 | $556,760 | +0.9% | 33.5% | Rent | 17d | 2.1mo | -16.4% |
| 97230 | Portland | 42 | $448,858 | +0.1% | 41.9% | Rent | 29d | 3.8mo | — |
| 97213 | Portland | 48 | $545,752 | +1.8% | 37.6% | Rent | 8d | 2.3mo | -6% |
| 97203 | Portland | 42 | $442,289 | -0.6% | 37.6% | Rent | 27d | 2.6mo | -5.4% |
| 97266 | Portland | 36 | $393,447 | -0.3% | 36.1% | Neutral | 34d | 4.5mo | +24.1% |
Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.
Every ZIP market page in Portland Metro (34)
Multnomah County, OR
- 97014 Cascade Locks
- 97019 Corbett
- 97024 Fairview
- 97030 Gresham
- 97035 Lake Oswego
- 97060 Troutdale
- 97080 Gresham
- 97201 Portland
- 97202 Portland
- 97203 Portland
- 97205 Portland
- 97206 Portland
- 97209 Portland
- 97210 Portland
- 97211 Portland
- 97212 Portland
- 97213 Portland
- 97214 Portland
- 97215 Portland
- 97216 Portland
- 97217 Portland
- 97218 Portland
- 97219 Portland
- 97220 Portland
- 97221 Portland
- 97227 Portland
- 97229 Portland
- 97230 Portland
- 97231 Portland
- 97232 Portland
- 97233 Portland
- 97236 Portland
- 97239 Portland
- 97266 Portland