Market Intelligence · OR / Portland

Portland, OR 97218 Housing Market

The typical home value in Portland, OR 97218 is $478,690, down 1.1% over the past year. The median list price stands at $444,725, with homes taking a median 85 days on market.

Updated August 2026Median value$479K

The median home value in Portland, OR 97218 is $479K as of August 2026, down 1.1% 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 97218 range

$440K to $517K

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

-1.1% over 12 months

Typical home value in 97218 over the last 12 months: $484K in Jul 2025 to $479K in Jul 2026 (-1.1%).

Jul 2025$484K

Jul 2026$479K

The numbers

What is the 97218 housing market like?

Typical home value

$479K

Down1.1%YoY

Median list price

$455K

Up2.3%MoM

Days on market

85

Flat0.0%MoM

Homes for sale

28

Up3.7%MoM

Price cuts

21.4%

Down1.5%MoM

New listings

12

Flat0.0%MoM

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

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The comparison

How do 97218 home prices compare?

  • 97218$478,690
  • 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 27 homes for sale in 97218 as of early July 2026, with 12 new listings entering the market. The median time to sell remains substantial at 85 days. Price cuts are appearing on 21.8% of listings, suggesting sellers are testing the market. The modest decline in typical home value over the past year reflects a cautious buyer environment. If you're considering selling, expect a slower pace and plan accordingly.

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