Market Intelligence · OR / Portland

Portland, OR 97220 Housing Market

The typical home value in Portland, OR 97220 is $429,080, down 0.3% over the past year. The median list price is $444,999, and homes have a median days on market of 45. Sellers should read that as a stable but not rising market.

Updated August 2026Median value$423K

The median home value in Portland, OR 97220 is $423K 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 97220 range

$389K to $457K

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

Typical home value in 97220 over the last 12 months: $423K in Aug 2025 to $423K in Aug 2026 (-0.0%).

Aug 2025$423K

Aug 2026$423K

The numbers

What is the 97220 housing market like?

Typical home value

$423K

Flat0.0%YoY

Median list price

$445K

Down1.1%MoM

Days on market

45

Flat0.0%MoM

Homes for sale

69

Up15.0%MoM

Price cuts

30.8%

Up2.7%MoM

New listings

36

Up20.0%MoM

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

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The comparison

How do 97220 home prices compare?

  • 97220$422,946
  • 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 current count is 69 homes for sale, with 36 new listings. A 30.8% share of listings with a price cut sits alongside a typical value of $429,080 that is down 0.3% over the past year. With a median list price of $444,999 and median days on market at 45, buyers have time to compare options. For a seller, the honest read is to price carefully from the start and expect negotiation if the home is not sharp.

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