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Market Intelligence · OR / Portland

Portland, OR 97212 Housing Market

The typical home value in Portland, OR 97212 is $783,545, up 4.0% over the past year as of September 2026. The median list price sits at $770,975, and homes spend a median of 47 days on market.

Updated September 2026Median value$784K

The median home value in Portland, OR 97212 is $784K as of September 2026, up 4.0% 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 97212 range

$721K to $846K

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

+4.0% over 12 months

Typical home value in 97212 over the last 12 months: $754K in Sep 2025 to $784K in Sep 2026 (+4.0%).

Sep 2025$754K

Sep 2026$784K

The numbers

What is the 97212 housing market like?

Typical home value

$784K

Up4.0%YoY

Median list price

$771K

Up0.3%MoM

Days on market

47

Up17.5%MoM

Homes for sale

55

Up12.2%MoM

Price cuts

25.4%

Down6.5%MoM

New listings

32

Flat0.0%MoM

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

The outlook

97212 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97212 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97212 rose 4.0%, per the Zillow Home Value Index.

Will home prices drop in 97212?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97212 to stay roughly flat by September 2027 (no change), after a 4.0% rise 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 97212 home prices compare?

  • 97212$783,545
  • 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

Sellers in 97212 are asking a median of $770,975, and buyers are taking their time, with a median of 47 days on market as of September 2026. There are 55 homes for sale, and 32 new listings came on in September 2026, so inventory is actively turning over. About 25.4% of listings have taken a price cut, which suggests some sellers are starting too high. Meanwhile, typical values are still rising, up 4.0% over the past year. For a seller, the read is straightforward: price right from the start, because the market rewards accuracy and punishes overreach.

Monthly payment

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Common questions

What people ask us.

How much is a home in 97212 worth?

The typical home value in 97212 is $783,545 as of September 2026, up 4.0% over the past year.

How long does it take to sell a home in 97212?

Homes in 97212 spend a median of 47 days on market as of September 2026. About 25.4% of listings have had a price cut, so pricing accurately matters.

How competitive is the 97212 housing market?

There are 55 homes for sale in 97212 as of September 2026, with 32 new listings added that month. The median list price is $770,975.

Discover

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