Market Intelligence · OR / Portland

Portland, OR 97202 Housing Market

The typical home value in Portland's 97202 ZIP code is $639,827, up 0.7% over the past year. The median list price sits at $614,975, and homes are taking a median of 34 days on market as of June 2026.

Updated June 2026Median value$640K

The median home value in Portland, OR 97202 is $640K as of June 2026, up 0.7% 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

$589K to $691K

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

+0.7% over 12 months

Typical home value in 97202 over the last 12 months: $636K in Jun 2025 to $640K in Jun 2026 (+0.7%).

Jun 2025$636K

Jun 2026$640K

The numbers

What is the 97202 housing market like?

Typical home value

$640K

Up0.7%YoY

Median list price

$615K

Days on market

34

Up240.0%MoM

Homes for sale

89

Price cuts

24.1%

New listings

68

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

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The comparison

How do 97202 home prices compare?

  • 97202$639,827
  • Portland$565,700
  • Oregon$464,860
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 89 homes for sale across 97202, with 68 new listings coming onto the market. The median list price is $614,975, while the typical home value is $639,827, up 0.7% over the past year. Homes are spending a median of 34 days on market, and 24.1% of listings have had a price cut. For sellers, this is a market that is moving but not rushing, so realistic pricing matters more than ever.

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