Published October 11, 2026 in Market Update

Southwest Portland has more listings, and buyers are still writing offers

By Tony Apa

Real estate, Southwest Portland

These numbers cover the three months ending August 31, 2026. That is the period you need to know before you price, list, or make an offer.

Here is the one fact that changes what sellers should do right now. Realtor.com reported that 31.3% of Portland metro listings took a price cut in September 2026. Nearly 1 in 3 sellers had to drop their price. That tells you the market will not carry a wishful number. Price it right the first time, or you will be cutting it later.

More homes, more offers: the Southwest Portland picture

The Real Estate Data Aggregator counted 383 homes for sale across Southwest Portland in the three months ending August 31, 2026. That is up 11.3% from the same months in 2025. More choices for buyers. More competition for sellers.

But buyers did not sit on their hands. The Real Estate Data Aggregator counted 342 pending sales across the three ZIP codes in that same period. That is up 3.3% from a year before. Inventory rose, and so did demand. Both things are true at once.

CNBC reported the average 30-year fixed mortgage rate hit 7.49% as of the week ending October 7, 2026. That is real money on a monthly payment. It is part of why some sellers are cutting prices, and why buyers are choosier about which homes they move on.

ZIP by ZIP: three neighborhoods, three stories

The area-wide numbers are a starting point. Each ZIP code reads differently. Here is what the Real Estate Data Aggregator showed for each one in the three months ending August 31, 2026.

97219: the fastest ZIP in Southwest Portland

The Real Estate Data Aggregator counted 201 homes sold in 97219 in the three months ending August 31, 2026. That is up 3.1% from the same period in 2025. The median sale price was $630,000, down just 1.1% from a year before. A small dip, not a slide.

The median home sat on the market 19 days. That is 4 days shorter than the same period last year. Buyers moved fast here. The Real Estate Data Aggregator also found that 43.3% of homes went under contract within two weeks of listing. And 33.3% sold above list price, up 7.1 points from a year before.

97221: prices up, but fewer sales

The Real Estate Data Aggregator counted 49 homes sold in 97221 in the three months ending August 31, 2026. That is down 19.7% from the same period in 2025. Fewer transactions, but the homes that did sell went for more. The median sale price was $846,500, up 9.2% from a year before.

Homes here took a median of 25 days to sell. That is 6 days shorter than a year ago. And 40.4% went under contract within two weeks, up 13.3 points from the same period in 2025. The homes buyers want are still moving. The ones that are not priced well are sitting.

Months of supply in 97221 rose to 4.3 months, up 1.4 months from a year before. More inventory relative to sales. That is the tradeoff sellers in this ZIP are working with right now.

97239: more time on market, but supply is tighter

The Real Estate Data Aggregator counted 68 homes sold in 97239 in the three months ending August 31, 2026. That is down 2.9% from a year before. The median sale price was $637,500, up 0.9% from the same period in 2025.

The median home here took 53 days to sell. That is 9 days longer than a year ago. Only 20.6% went under contract within two weeks, down 10.4 points from last year. Buyers in 97239 are taking their time.

Here is the flip side. The Real Estate Data Aggregator counted 103 homes for sale in 97239, down 18.3% from a year before. Fewer homes on the market. Months of supply dropped to 4.6 months, down 0.9 months from a year ago. Less competition among sellers than it might look.

What the wider market says

Realtor.com reported the median home price across the Portland-Vancouver-Hillsboro metro was $587,750 in September 2026. Southwest Portland's three ZIP codes all came in above that figure. The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Local results vary, as this ZIP-by-ZIP breakdown shows.

One more thing. These numbers are for whole ZIP codes. One street, one block, or one style of home can read very differently from the ZIP average. Text me your address and I will tell you what the Real Estate Data Aggregator shows for homes closest to yours.