Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97216 Housing Market

The typical home in Portland 97216 is worth $427,581, with no change over the past year. Homes on the market are listed at a median price of $400,975 and take around 68 days to sell.

Updated August 2026Median value$428K

The median home value in Portland, OR 97216 is $428K as of August 2026, little changed 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 97216 range

$393K to $462K

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

-0.0% over 12 months

Typical home value in 97216 over the last 12 months: $428K in Jul 2025 to $428K in Jul 2026 (-0.0%).

Jul 2025$428K

Jul 2026$428K

The numbers

What is the 97216 housing market like?

Typical home value

$428K

Flat0.0%YoY

Median list price

$410K

Up2.2%MoM

Days on market

63

Down7.4%MoM

Homes for sale

41

Up24.2%MoM

Price cuts

21.3%

Down35.1%MoM

New listings

16

Up14.3%MoM

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

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The comparison

How do 97216 home prices compare?

  • 97216$427,581
  • 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

There are 33 homes currently for sale in 97216, with 14 new listings added recently. Nearly one-third of active listings have already seen a price cut, reflecting a market where buyers have negotiating room. With homes spending a median of 68 days on market, this is not a fast-moving area for sellers. The flat year-over-year value trend suggests the market has stabilized, but supply and pricing pressure mean you should expect a longer sales timeline and may need to be flexible on price.

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20% · $85,516

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