Market Intelligence · OR / Portland

Portland, OR 97201 Housing Market

The typical home value in Portland 97201 is $429,780, down 3.4% over the past year. The median list price stands at $472,500, with homes staying on the market for a median of 87 days.

Updated August 2026Median value$430K

The median home value in Portland, OR 97201 is $430K as of August 2026, down 3.4% 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

-3.4% over 12 months

Typical home value in 97201 over the last 12 months: $445K in Jul 2025 to $430K in Jul 2026 (-3.4%).

Jul 2025$445K

Jul 2026$430K

The numbers

What is the 97201 housing market like?

Typical home value

$430K

Down3.4%YoY

Median list price

$465K

Down1.6%MoM

Days on market

85

Down2.3%MoM

Homes for sale

131

Down3.7%MoM

Price cuts

27.8%

Down2.6%MoM

New listings

16

Down42.9%MoM

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

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The comparison

How do 97201 home prices compare?

  • 97201$429,780
  • Portland$559,538
  • Oregon$464,217
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,266 ZIPs).

Context

The 97201 market shows signs of cooling. There are 136 homes for sale, with 28 new listings added recently. More than one in four listings, 28.5%, have received price cuts. The combination of a declining value trend, longer market time, and widespread price reductions suggests this is a buyer-favorable environment. If you are considering selling, expect that the market will require competitive pricing and patience.

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