Market Intelligence · OR / Portland

Portland, OR 97209 Housing Market

Typical home value in Portland 97209 is $349,410, down 9.5% over the past year. Homes are listing at a median of $399,450 and staying on the market for a median of 89 days.

Updated August 2026Median value$349K

The median home value in Portland, OR 97209 is $349K as of August 2026, down 9.5% 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 97209 range

$321K to $377K

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

-9.5% over 12 months

Typical home value in 97209 over the last 12 months: $386K in Jul 2025 to $349K in Jul 2026 (-9.5%).

Jul 2025$386K

Jul 2026$349K

The numbers

What is the 97209 housing market like?

Typical home value

$349K

Down9.5%YoY

Median list price

$399K

Flat0.0%MoM

Days on market

100

Up12.4%MoM

Homes for sale

200

Down2.0%MoM

Price cuts

24.7%

Down3.3%MoM

New listings

28

Down17.6%MoM

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

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The comparison

How do 97209 home prices compare?

  • 97209$349,410
  • 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

The 97209 market shows clear signs of cooling. There are currently 204 homes for sale, with 34 new listings added recently. About 25.6% of listings have taken a price cut, reflecting the downward pressure on values. Median days on market sits at 89, indicating properties are not moving quickly. For sellers, this is a buyer-favorable environment where homes need compelling positioning to stand out.

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