Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97216 Housing Market

The typical home in Portland, OR 97216 is valued at $427,581, up 0.0% over the past year as of 2026-07-01. The median list price is $409,900 and homes spend a median of 63 days on market as of 2026-08-01.

Updated August 2026Median value$420K

The median home value in Portland, OR 97216 is $420K as of August 2026, up 0.4% 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

$387K to $454K

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

+0.4% over 12 months

Typical home value in 97216 over the last 12 months: $419K in Aug 2025 to $420K in Aug 2026 (+0.4%).

Aug 2025$419K

Aug 2026$420K

The numbers

What is the 97216 housing market like?

Typical home value

$420K

Up0.4%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97216 home prices compare?

  • 97216$420,259
  • 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

There are 41 homes for sale in 97216, with 16 new listings added as of 2026-08-01. The median list price is $409,900, while the typical home value sits at $427,581, up 0.0% over the past year. Homes are taking a median of 63 days to sell, and 21.3% of listings have had a price cut. Flat values and a meaningful share of reduced prices point to a market where buyers have room to negotiate. Sellers should expect a patient sale and price their home accurately from the start.

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