Market Intelligence · OR / Portland

Portland, OR 97202 Housing Market

The typical home value in Portland, OR 97202 is $631,400, up 1.0% over the past year. The median list price sits at $628,750, with homes spending a median of 41 days on market.

Updated August 2026Median value$631K

The median home value in Portland, OR 97202 is $631K as of August 2026, up 1.0% 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 97202 range

$581K to $682K

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

+1.0% over 12 months

Typical home value in 97202 over the last 12 months: $625K in Jul 2025 to $631K in Jul 2026 (+1.0%).

Jul 2025$625K

Jul 2026$631K

The numbers

What is the 97202 housing market like?

Typical home value

$631K

Up1.0%YoY

Median list price

$582K

Down7.5%MoM

Days on market

61

Up48.8%MoM

Homes for sale

81

Down5.8%MoM

Price cuts

28.8%

Down20.4%MoM

New listings

40

Up25.0%MoM

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

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The comparison

How do 97202 home prices compare?

  • 97202$631,400
  • 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

Portland 97202 has 86 homes for sale as of early July 2026, with 32 new listings added recently. The median time on market of 41 days suggests a balanced pace of sales. However, 36.1% of listings have seen price cuts, indicating some sellers are adjusting expectations. Despite the year-over-year appreciation, the prevalence of discounts suggests buyers have leverage in negotiations right now.

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