Market Intelligence · OR / Portland

Portland, OR 97218 Housing Market

The typical home value in Portland's 97218 ZIP code is $481,780, down 1.6% over the past year. The median list price sits at $421,200, and homes are taking a median of 101 days on market as of June 1, 2026.

Updated June 2026Median value$482K

The median home value in Portland, OR 97218 is $482K as of June 2026, down 1.6% 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

$443K to $520K

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

-1.6% over 12 months

Typical home value in 97218 over the last 12 months: $490K in Jun 2025 to $482K in Jun 2026 (-1.6%).

Jun 2025$490K

Jun 2026$482K

The numbers

What is the 97218 housing market like?

Typical home value

$482K

Down1.6%YoY

Median list price

$421K

Days on market

101

Up461.1%MoM

Homes for sale

25

Price cuts

29.6%

New listings

10

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

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The comparison

How do 97218 home prices compare?

  • 97218$481,780
  • 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 are 25 homes for sale in 97218, with 10 new listings recently added. The median days on market is 101, which points to a slower pace of sales. About 29.6% of listings have had a price cut, and the typical home value of $481,780 is down 1.6% over the past year. For sellers, this is a market that rewards realistic pricing and patience rather than a quick close.

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