Market Intelligence · OR / Portland

Portland, OR 97215 Housing Market

The typical home value in Portland, OR 97215 is $655,031, up 2.7% over the past year as of 2026-07-01. Sellers are seeing a median list price of $625,000 and a median days on market of 42 as of 2026-08-01.

Updated August 2026Median value$650K

The median home value in Portland, OR 97215 is $650K as of August 2026, up 3.0% 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 97215 range

$598K to $702K

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

+3.0% over 12 months

Typical home value in 97215 over the last 12 months: $631K in Aug 2025 to $650K in Aug 2026 (+3.0%).

Aug 2025$631K

Aug 2026$650K

The numbers

What is the 97215 housing market like?

Typical home value

$650K

Up3.0%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97215 home prices compare?

  • 97215$649,615
  • 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

Inventory is limited, with 33 homes for sale and 24 new listings as of 2026-08-01. The typical home value is $655,031, up 2.7% over the past year as of 2026-07-01, while the median list price is $625,000 as of 2026-08-01. Homes are taking 42 days to sell at the median, and 23.2% of listings show a price cut as of 2026-08-01. That mix points to steady demand but less room for ambitious pricing. Price reductions are common enough that realistic pricing matters more than testing the ceiling.

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