Market Intelligence · OR / Portland

Portland, OR 97217 Housing Market

Typical home value in Portland's 97217 ZIP is $501,500, down 0.5% over the past year. The median list price stands at $379,450, with homes spending 67 days on market as of early July 2026.

Updated August 2026Median value$502K

The median home value in Portland, OR 97217 is $502K as of August 2026, down 0.5% 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 97217 range

$461K to $542K

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

-0.5% over 12 months

Typical home value in 97217 over the last 12 months: $504K in Jul 2025 to $502K in Jul 2026 (-0.5%).

Jul 2025$504K

Jul 2026$502K

The numbers

What is the 97217 housing market like?

Typical home value

$502K

Down0.5%YoY

Median list price

$397K

Up4.7%MoM

Days on market

76

Up13.4%MoM

Homes for sale

171

Up1.2%MoM

Price cuts

28.2%

Down2.1%MoM

New listings

48

Up9.1%MoM

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

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The comparison

How do 97217 home prices compare?

  • 97217$501,500
  • 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 169 homes for sale in 97217, with 44 new listings entering the market recently. The median days on market of 67 suggests a moderate pace of sales activity. A notable 28.8% of listings have seen price cuts, indicating seller adjustment in response to market conditions. The modest year-over-year decline in typical home value reflects a market that is cooling rather than accelerating. For sellers, this is a moment to price realistically and understand that buyer leverage has increased.

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