Market Intelligence · OR / Portland

Portland, OR 97218 Housing Market

In Portland, OR 97218, the typical home value is $470,606, up 0.2% over the past year as of September 2026. The median list price is $449,900, and homes are spending a median of 67 days on market. That points to a slow, mostly flat market.

Updated September 2026Median value$471K

The median home value in Portland, OR 97218 is $471K as of September 2026, up 0.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97218 range

$433K to $508K

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

+0.2% over 12 months

Sep 2025$470K

Low $466KHigh $472K

Sep 2026$471K

The numbers

What is the 97218 housing market like?

As of September 2026

Typical home value

$471K

0.2%YoY

Median list price

$450K

1.1%MoM

Days on market

21.2%MoM

Homes for sale

7.1%MoM

Price cuts

11.1%

48.2%MoM

New listings

0.0%MoM

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

The outlook

97218 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97218 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97218 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 97218?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97218 to stay roughly flat by September 2027 (down 0.1%), after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97218 home prices compare?

97218$470,606
Portland$547,291
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

There were 30 homes for sale in September 2026, with 12 new listings coming on during the same period. The median list price sits at $449,900, while the typical home value is $470,606, up 0.2% over the past year. A median 67 days on market says buyers have time to compare options. Price cuts have touched 11.1% of listings, so some sellers are adjusting rather than testing the market. If you are selling, price carefully and expect negotiation to be part of the process.

Monthly payment

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Home price

Down payment20% · $94,121

Term

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Common questions

What people ask us.

How much is a home in 97218 worth?

The typical home value in Portland, OR 97218 is $470,606, up 0.2% over the past year as of September 2026.

How long are homes taking to sell in 97218?

The median days on market is 67 as of September 2026.

Are sellers cutting prices in 97218?

As of September 2026, 11.1% of listings had a price cut, and the median list price was $449,900.

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Nearby ZIP markets.

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