Market Intelligence · OR / Portland

Portland, OR 97217 Housing Market

The typical home value in Portland's 97217 ZIP code is $506,958, down 0.7% over the past year. The median list price sits at $398,725, and homes are taking a median of 58 days on market as of June 1, 2026.

Updated June 2026Median value$507K

The median home value in Portland, OR 97217 is $507K as of June 2026, down 0.7% 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 97217 range

$466K to $548K

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

-0.7% over 12 months

Typical home value in 97217 over the last 12 months: $511K in Jun 2025 to $507K in Jun 2026 (-0.7%).

Jun 2025$511K

Jun 2026$507K

The numbers

What is the 97217 housing market like?

Typical home value

$507K

Down0.7%YoY

Median list price

$399K

Days on market

58

Up480.0%MoM

Homes for sale

173

Price cuts

22.1%

New listings

76

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

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The comparison

How do 97217 home prices compare?

  • 97217$506,958
  • Portland$565,700
  • Oregon$464,860
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 173 homes for sale in 97217, with 76 new listings coming onto the market. The median list price was $398,725, while the typical home value stood at $506,958, down 0.7% over the past year. Homes took a median of 58 days on market, and 22.1% of listings had a price cut. For a seller, this is a slower market where realistic pricing matters, so plan for a longer timeline than you might expect.

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