Portland's housing market splits by ZIP code
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Whether buyers or sellers have the upper hand in Portland's housing market depends largely on where you're looking, according to new Redfin data analyzed by Axios.
The big picture: The difference between a buyer's and seller's market in the Portland metro area can ultimately come down to ZIP code.
State of play: Buyers are gaining leverage in 44 of 108 Portland-area ZIP codes, while sellers are gaining leverage in 39, per Axios' analysis. The remaining 25 show mixed signals.
- The analysis examines Redfin data on housing supply, active listings, time on the market, and price cuts for the three months ending in September, including year-over-year changes.
Zoom in: The ZIP codes where buyers are gaining leverage include:
- 🌳 Lents/Outer Southeast (97266): More than half of listings (55%) had price cuts, up 8.8 percentage points from 2025. Homes spent a median 34 days on the market, eight days longer than a year earlier.
- 🔑 West Linn (97068): 48% of listings had price cuts, and available listings increased 8% from last year.
- 🏘️ Multnomah Village/Southwest (97219): 47% of listings had price cuts and active listings rose nearly 17%.
Meanwhile, sellers retain a slight advantage in these neighborhoods:
- 🚪 South Tabor/Woodstock (97206): Available listings reached nearly 9%, and homes spent a median 14 days on the market, 11 fewer than a year earlier.
- 🌲 North Tabor/Rose City Park (97213): Available listings dropped 17% and homes spent a median eight days on the market, five fewer than last year.
- 🌿 Tigard (97224): Available listings declined 9.3%, while homes spent a median 31 days on the market, 16 fewer than last year. The share of listings with price cuts also declined.
Other neighborhoods are sending mixed signals:
- 💸 Hillsdale/Healy Hills (97239): More than half of listings (54%) had price cuts, but available listings declined by about 23%.
- 🏠 Inner Southeast (97214): Available listings fell 23.6%, and homes spent a median 11 days on the market, seven fewer than a year earlier. But the share of listings with price cuts rose 12 percentage points to 42%.
The bottom line: There's no single housing market across the Portland region.