How much is a home in 97217 worth?

The typical home value in 97217 is $501,500, down 0.5% over the past year.

How long do homes take to sell in 97217?

Homes in 97217 spend a median of 76 days on the market. With 28.2% of listings taking a price cut, many sellers are adjusting expectations before finding a buyer.

What are homes listed for in 97217?

The median list price is $397,250, with 171 homes for sale and 48 of them newly listed.

Market Intelligence · OR / Portland

Portland, OR 97217 Housing Market

The typical home value in Portland's 97217 ZIP code is $501,500, down 0.5% over the past year. Homes are currently listed at a median price of $397,250 and spend a median of 76 days on the market before going under contract.

Updated August 2026Median value$494K

The median home value in Portland, OR 97217 is $494K 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 97217 range

$454K to $533K

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

Aug 2025$494K

Low $493KHigh $500K

Aug 2026$494K

The numbers

What is the 97217 housing market like?

As of August 2026

Typical home value

$494K

0.0%YoY

Median list price

$397K

4.7%MoM

Days on market

13.4%MoM

Homes for sale

171

1.2%MoM

Price cuts

28.2%

2.1%MoM

New listings

9.1%MoM

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

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The comparison

How do 97217 home prices compare?

97217$493,617
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

The 97217 market is cooler than a seller might hope. The typical home value sits at $501,500, down 0.5% over the past year, so prices are drifting rather than climbing. There are 171 homes for sale, with 48 new listings adding to that supply. Homes take a median of 76 days to sell, and 28.2% of listings have taken a price cut. For a seller, the honest read is that buyers have room to negotiate, and pricing right from the start matters more than testing the market.

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