How much is a home in 97201 worth?

The typical home value is $429,780, down 3.4% over the past year. The median list price is $465,000.

How long are homes taking to sell in 97201?

The median days on market is 85. That suggests sellers should plan for a slower pace than a hot market.

Are sellers cutting prices in 97201?

27.8% of listings have a price cut. There are 131 homes for sale and 16 new listings.

Market Intelligence · OR / Portland

Portland, OR 97201 Housing Market

The typical home value in Portland, OR 97201 is $429,780, down 3.4% over the past year. Sellers are asking a median list price of $465,000, and homes are taking a median of 85 days on market. Pricing needs to match how buyers are responding.

Updated August 2026Median value$429K

The median home value in Portland, OR 97201 is $429K as of August 2026, down 2.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97201 range

$395K to $464K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.8% over 12 months

Aug 2025$441K

Low $429KHigh $443K

Aug 2026$429K

The numbers

What is the 97201 housing market like?

As of August 2026

Typical home value

$429K

2.8%YoY

Median list price

$465K

1.6%MoM

Days on market

2.3%MoM

Homes for sale

131

3.7%MoM

Price cuts

27.8%

2.6%MoM

New listings

42.9%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97201 home prices compare?

97201$429,175
Portland$550,740
Oregon$458,140
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There are 131 homes for sale in 97201, with 16 new listings as of 2026-08-01. The median list price is $465,000, while the typical home value is $429,780 and is down 3.4% over the past year. Homes are sitting for a median of 85 days on market, and 27.8% of listings have taken a price cut. That points to a slower market where buyers have room to be picky. A seller should expect pricing discipline to matter more than optimism.

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