Published October 25, 2026 in Market Update

West-side Portland has fewer listings, but more homes are still moving

By Tony Apa

Real estate, West-side Portland area

The number that matters most right now: the Real Estate Data Aggregator counted 406 homes for sale across ZIPs 97229 and 97225 in the three months ending August 31, 2026. That is down 18.5% from the same period a year ago. Fewer listings means less competition for sellers. For buyers, it means the homes that do show up move fast.

Even with less supply, sales went up. The Real Estate Data Aggregator counted 370 homes sold across the two ZIPs combined, up 11.4% from a year before. More homes selling with fewer homes available tells you demand is real.

ZIP 97229: prices up, days down

In ZIP 97229, the Real Estate Data Aggregator put the median sale price at $807,500 for the three months ending August 31, 2026. That is up 1.9% from a year ago. Homes sat on the market a median of 28 days, which is 6 days shorter than the same period last year. Sellers got 98.9% of list price on average, up 0.3 points year over year.

Speed is picking up too. The Real Estate Data Aggregator found that 36.6% of homes in 97229 went under contract within two weeks of listing. That share is up 6.7 points from a year ago. Nearly 22 in 100 homes sold above list price, up 6.8 points.

ZIP 97225: faster sales, but prices pulled back

ZIP 97225 tells a slightly different story. The Real Estate Data Aggregator put the median sale price at $720,000 for the three months ending August 31, 2026. That is down 9.1% from a year ago. Prices dipped here, and that is worth being honest about if you own in this ZIP. The honest read: buyers got a lower price point, and that pulled more of them in.

Sales in 97225 rose 15% year over year, the Real Estate Data Aggregator reported. Homes sold in a median of 18 days, which is 9 days shorter than the same period last year. Nearly 42 in 100 homes went under contract within two weeks. That is the fastest pace of the two ZIPs.

How the two ZIPs compare

What the wider Portland picture says

Redfin reported that Portland home prices slipped 0.3% month over month in September on a seasonally adjusted basis. Year over year, though, Redfin also reported Portland prices up 1.1% in September. So the monthly dip is small, and the longer trend is still positive.

Nationally, Realtor.com reported that mortgage rates topped 7% in September 2026. That is a real cost for buyers. It also helps explain why well-priced homes move quickly when they do appear: buyers who are ready do not wait.

Nationally, Realtor.com also found that 20.8% of listings saw a price reduction in September 2026, the highest share since 2018. West-side Portland's sale-to-list ratios of 98.9% in 97229 and 99.2% in 97225 sit well above that trend. Homes here are landing close to their asking prices.