Is Portland, OR 97222 a buyer’s or seller’s market?
Portland is a seller’s market. With about 2.2 months of supply and 35% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 78% of U.S. ZIP codes, and #18 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Portland housing market right now
In the three months ending August 31, 2026, 35% of homes in Portland, OR 97222 sold above their list price, the typical home went under contract in 14 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 85 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold about as fast and the median sale price fell 2% to $494,286. Overall, Portland is less competitive than a year ago, which gives buyers more room.
Within Clackamas County, homes here sell faster than in 87% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, Portland ranks #18 of 170 OR ZIP codes with enough sales (score 74 out of 100).
Nearby, buyers who want less competition could look at Government Camp 97028 (0% sold over asking) or Beavercreek 97004 (0% sold over asking).
Run the numbers for 97222
Nearby markets
Beavercreek 97004Balanced $425 /sq ftBoring 97009Seller’s market $335 /sq ftBrightwood 97011Buyer’s market $345 /sq ftCanby 97013Seller’s market $317 /sq ft Browse all markets →Towns like Portland nearby
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Questions about Portland real estate
Is Portland a buyer’s or seller’s market?
A seller’s market: there were 2.2 months of supply in Portland, OR 97222 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Portland?
The typical home went under contract in 14 days in the latest three months.
Do homes in Portland sell over asking?
35% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Portland?
About 0.85% of a home’s value a year in Clackamas County, or roughly $3,400 on a $400,000 home.
What is the median home price in Portland?
The median sale price was $494,286 in the three months ending August 31, 2026, about $316 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology