How much is a home in 97221 worth?

The typical home value in 97221 is $766,327. That figure is down 0.1% over the past year, so values have been roughly flat.

How long does it take to sell a home in 97221?

The median days on market in 97221 is 65. About 32.0% of current listings have had a price cut, which often signals sellers started too high.

How competitive is the 97221 housing market?

There are 64 homes for sale, with 20 new listings added recently. Buyers have meaningful options, so sellers should expect negotiation rather than bidding wars.

Market Intelligence · OR / Portland

Portland, OR 97221 Housing Market

The typical home value in Portland, OR 97221 is $766,327, down 0.1% over the past year. That is a mostly flat market rather than a falling one. The median list price is $1,099,900, and homes sit on the market for a median of 65 days.

Updated August 2026Median value$755K

The median home value in Portland, OR 97221 is $755K as of August 2026, up 0.5% 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 97221 range

$694K to $815K

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

+0.5% over 12 months

Aug 2025$751K

Low $751KHigh $761K

Aug 2026$755K

The numbers

What is the 97221 housing market like?

As of August 2026

Typical home value

$755K

0.5%YoY

Median list price

$1.1M

11.5%MoM

Days on market

10.2%MoM

Homes for sale

4.9%MoM

Price cuts

32.0%

7.4%MoM

New listings

150.0%MoM

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

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The comparison

How do 97221 home prices compare?

97221$754,682
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

There are 64 homes for sale in 97221, with 20 new listings hitting the market recently. The median list price of $1,099,900 sits well above the typical home value of $766,327, which suggests much of the current inventory is at the higher end of this market. Values are essentially flat, down 0.1% over the past year, and the median 65 days on market means buyers have time to be selective. A third of listings, 32.0%, have taken a price cut. For a seller, that means realistic pricing from day one matters more than chasing the highest possible number.

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