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Market Intelligence · OR / Portland

Portland, OR 97202 Housing Market

The typical home value in Portland, OR 97202 is $622,201, up 1.8% over the past year as of September 2026. The median list price is $552,425, and homes are spending a median of 47 days on market.

Updated September 2026Median value$622K

The median home value in Portland, OR 97202 is $622K as of September 2026, up 1.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97202 range

$572K to $672K

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

+1.8% over 12 months

Typical home value in 97202 over the last 12 months: $611K in Sep 2025 to $622K in Sep 2026 (+1.8%).

Sep 2025$611K

Sep 2026$622K

The numbers

What is the 97202 housing market like?

Typical home value

$622K

Up1.8%YoY

Median list price

$552K

Down5.0%MoM

Days on market

47

Down23.0%MoM

Homes for sale

100

Up23.5%MoM

Price cuts

30.1%

Up4.5%MoM

New listings

68

Up70.0%MoM

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

The outlook

97202 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97202 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97202 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 97202?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97202 to stay roughly flat by September 2027 (down 0.1%), after a 1.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97202 home prices compare?

  • 97202$622,201
  • Portland$547,291
  • Oregon$456,438
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 100 homes for sale in 97202, with 68 new listings hitting the market. The median list price of $552,425 sits below the typical home value of $622,201, which is up 1.8% over the past year. Homes are moving in a median of 47 days, so sellers should expect a measured pace rather than a quick bidding war. Notably, 30.1% of listings have taken a price cut, which suggests some sellers are starting too high and adjusting. For a seller, the honest read is that pricing realistically from the start matters more than testing the top of the market.

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Common questions

What people ask us.

How much is a home in 97202 worth?

The typical home value in 97202 is $622,201, up 1.8% over the past year as of September 2026. The median list price is $552,425.

How long does it take to sell a home in 97202?

Homes in 97202 are spending a median of 47 days on market as of September 2026.

Are sellers in 97202 cutting prices?

Yes. As of September 2026, 30.1% of listings in 97202 have a price cut.

Discover

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