Market Intelligence · OR / Portland

Portland, OR 97202 Housing Market

The typical home value in Portland's 97202 ZIP code is $631,400, up 1.0% over the past year. Homes currently carry a median list price of $581,538 and a median of 61 days on market. There are 81 homes for sale as of 2026-08-01.

Updated August 2026Median value$628K

The median home value in Portland, OR 97202 is $628K as of August 2026, up 1.5% 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

$577K to $678K

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

+1.5% over 12 months

Typical home value in 97202 over the last 12 months: $618K in Aug 2025 to $628K in Aug 2026 (+1.5%).

Aug 2025$618K

Aug 2026$628K

The numbers

What is the 97202 housing market like?

Typical home value

$628K

Up1.5%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97202 home prices compare?

  • 97202$627,604
  • 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

Sellers in 97202 are listing at a median of $581,538, while the typical home value sits at $631,400, up 1.0% over the past year. Inventory stands at 81 homes for sale, with 40 new listings added as of 2026-08-01. Homes are taking a median of 61 days to sell, and 28.8% of listings have had a price cut. That share of reductions suggests buyers have room to negotiate, even as values hold steady. For a seller, this means pricing accurately from the start matters more than testing the market high.

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