How much is a home in 97209 worth?

The typical home value in 97209 is $349,410 as of 2026-07-01, down 9.5% over the past year. The median list price for homes on the market is $399,450.

How long does it take to sell a home in 97209?

Homes in 97209 spend a median of 100 days on the market. With 200 homes for sale and 24.7% of listings carrying a price cut, sellers should plan for a longer process.

Is 97209 a buyer's or seller's market right now?

The data points toward buyers having leverage. Values are down 9.5% over the past year, and 24.7% of listings have reduced their price.

Market Intelligence · OR / Portland

Portland, OR 97209 Housing Market

The typical home value in Portland's 97209 ZIP code is $349,410, down 9.5% over the past year. Homes here carry a median list price of $399,450 and spend a median of 100 days on the market. That is a slow pace by any standard.

Updated August 2026Median value$338K

The median home value in Portland, OR 97209 is $338K as of August 2026, down 9.0% 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 97209 range

$311K to $365K

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

-9.0% over 12 months

Aug 2025$371K

Low $338KHigh $371K

Aug 2026$338K

The numbers

What is the 97209 housing market like?

As of August 2026

Typical home value

$338K

9.0%YoY

Median list price

$399K

0.0%MoM

Days on market

100

12.4%MoM

Homes for sale

200

2.0%MoM

Price cuts

24.7%

3.3%MoM

New listings

17.6%MoM

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

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The comparison

How do 97209 home prices compare?

97209$337,990
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 97209 are working against a soft market. There are 200 homes for sale, with 28 new listings arriving, and buyers are taking their time given the median of 100 days on market. Nearly a quarter of active listings, 24.7%, have already taken a price cut. Values have fallen 9.5% over the past year, so the gap between the $399,450 median list price and the $349,410 typical value suggests asking prices have not fully caught up with where the market has moved. If you are thinking about selling, expect patience and realistic pricing to matter more than timing.

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