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Market Intelligence · OR / Portland

Portland, OR 97209 Housing Market

The typical home value in Portland, OR 97209 is $342,301, down 8.6% over the past year as of September 2026. The median list price sits at $397,000, and homes are spending a median of 103 days on market.

Updated September 2026Median value$342K

The median home value in Portland, OR 97209 is $342K as of September 2026, down 8.6% 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 97209 range

$315K to $370K

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

-8.6% over 12 months

Typical home value in 97209 over the last 12 months: $375K in Sep 2025 to $342K in Sep 2026 (-8.6%).

Sep 2025$375K

Sep 2026$342K

The numbers

What is the 97209 housing market like?

Typical home value

$342K

Down8.6%YoY

Median list price

$397K

Down0.6%MoM

Days on market

103

Up3.0%MoM

Homes for sale

194

Down3.0%MoM

Price cuts

25.4%

Up2.8%MoM

New listings

38

Up35.7%MoM

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

The outlook

97209 housing market forecast 2027

-0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97209 to stay roughly flat by September 2027 (down 0.4%).

Over the 12 months through September 2026, typical home values in 97209 fell 8.6%, per the Zillow Home Value Index.

Will home prices drop in 97209?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97209 to stay roughly flat by September 2027 (down 0.4%), after a 8.6% decline 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 97209 home prices compare?

  • 97209$342,301
  • 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 194 homes for sale in 97209, with 38 new listings hitting the market. Sellers are asking a median of $397,000, but the typical home value has fallen to $342,301, a decline of 8.6% over the past year. Homes are moving slowly, with a median of 103 days on market, and 25.4% of listings have taken a price cut. The data points to a soft market where buyers have room to negotiate. Sellers here should price realistically from the start and be prepared to wait or adjust.

Monthly payment

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Common questions

What people ask us.

How much is a home in 97209 worth?

The typical home value in 97209 is $342,301 as of September 2026, down 8.6% over the past year. The median list price is $397,000.

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

Homes in 97209 are spending a median of 103 days on market as of September 2026. About 25.4% of listings have had a price cut.

Is the 97209 market active right now?

As of September 2026, there are 194 homes for sale in 97209, with 38 new listings. Inventory is there, but homes are selling slowly.

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