Market Intelligence · OR / Portland

Portland, OR 97205 Housing Market

The typical home value in Portland 97205 is $495,211, up 1.8% over the past year. The median list price sits at $641,750, with homes lingering on the market for a median of 98 days.

Updated August 2026Median value$495K

The median home value in Portland, OR 97205 is $495K as of August 2026, up 1.8% 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.

Get a cash offer

Sell without the wait

Sell your Portland home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97205 range

$456K to $535K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97205 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Portland, OR.

12-month value trend

+1.8% over 12 months

Typical home value in 97205 over the last 12 months: $486K in Jul 2025 to $495K in Jul 2026 (+1.8%).

Jul 2025$486K

Jul 2026$495K

The numbers

What is the 97205 housing market like?

Typical home value

$495K

Up1.8%YoY

Median list price

$599K

Down6.7%MoM

Days on market

95

Down3.1%MoM

Homes for sale

54

Up5.9%MoM

Price cuts

16.4%

Up8.9%MoM

New listings

12

Down25.0%MoM

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

Free home value report

See what your 97205 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97205 home prices compare?

  • 97205$495,211
  • 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 97205 has 51 homes for sale as of July 2026, with 16 new listings added recently. The median time on market of 98 days suggests a slower sales pace. About 15.1% of listings have seen a price cut, indicating sellers are adjusting expectations. While the typical home value has gained 1.8% annually, current inventory levels and time spent on market point to a market favoring patient buyers over sellers in a hurry.

Monthly payment

Estimate your monthly payment.

20% · $99,042

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.