Market Intelligence · OR / Portland

Portland, OR 97223 Housing Market

The typical home value in Portland's 97223 ZIP code is $595,362, down 2.0% over the past year. The median list price sits at $587,000, and homes are taking a median of 38 days on market to sell.

Updated June 2026Median value$595K

The median home value in Portland, OR 97223 is $595K as of June 2026, down 2.0% 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 97223 range

$548K to $643K

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

-2.0% over 12 months

Typical home value in 97223 over the last 12 months: $607K in Jun 2025 to $595K in Jun 2026 (-2.0%).

Jun 2025$607K

Jun 2026$595K

The numbers

What is the 97223 housing market like?

Typical home value

$595K

Down2.0%YoY

Median list price

$587K

Days on market

38

Up90.0%MoM

Homes for sale

93

Price cuts

31.6%

New listings

52

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

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The comparison

How do 97223 home prices compare?

  • 97223$595,362
  • 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 93 homes for sale in 97223, with 52 new listings added recently. The median list price is $587,000, and the typical home value is $595,362, down 2.0% over the past year. Homes are spending a median of 38 days on market, and 31.6% of listings have had a price cut. For a seller, this points to a market where buyers have options and patience, so realistic pricing matters.

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