Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97215 Housing Market

The typical home value in Portland's 97215 ZIP is $655,031, up 2.7% over the past year. Homes are listing around $634,975 and taking a median of 47 days to sell, reflecting a moderately paced market.

Updated August 2026Median value$655K

The median home value in Portland, OR 97215 is $655K as of August 2026, up 2.7% 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 97215 range

$603K to $707K

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

+2.7% over 12 months

Typical home value in 97215 over the last 12 months: $638K in Jul 2025 to $655K in Jul 2026 (+2.7%).

Jul 2025$638K

Jul 2026$655K

The numbers

What is the 97215 housing market like?

Typical home value

$655K

Up2.7%YoY

Median list price

$625K

Down1.6%MoM

Days on market

42

Down10.6%MoM

Homes for sale

33

Up17.9%MoM

Price cuts

23.2%

Up17.1%MoM

New listings

24

Up33.3%MoM

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

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The comparison

How do 97215 home prices compare?

  • 97215$655,031
  • 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

As of July 2026, there are 28 homes for sale in 97215, with 18 new listings that month. The median list price is $634,975 and homes spend about 47 days on market before selling. One notable detail: nearly one in five listings, or 19.8%, have seen a price cut. Despite solid year-over-year appreciation of 2.7%, the prevalence of price reductions suggests sellers should price competitively from the start and be ready to adjust if the market doesn't respond quickly.

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