Is Portland, OR 97225 a buyer’s or seller’s market?

The Portland housing market right now

In the three months ending August 31, 2026, 30% of homes in Portland, OR 97225 sold above their list price, the typical home went under contract in 17 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (27 days then) and the median sale price fell 9% to $719,689. Overall, Portland is more competitive than a year ago, so tougher for buyers.

Within Washington County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Portland ranks #36 of 170 OR ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Timber 97144 (0% sold over asking) or Gales Creek 97117 (0% sold over asking), while Beaverton 97078 (34% sold over asking) and Beaverton 97008 (33% sold over asking) are even more competitive.