Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97224 Housing Market

The typical home value in Portland's 97224 is $606,342, down 2.0% over the past year. Sellers are listing at a median of $649,700, and homes are taking a median 61 days to go under contract.

Updated August 2026Median value$602K

The median home value in Portland, OR 97224 is $602K as of August 2026, down 1.5% 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.

Get a cash offer

Sell without the wait

Sell your Portland home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97224 range

$554K to $650K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97224 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Portland, OR.

12-month value trend

-1.5% over 12 months

Typical home value in 97224 over the last 12 months: $611K in Aug 2025 to $602K in Aug 2026 (-1.5%).

Aug 2025$611K

Aug 2026$602K

The numbers

What is the 97224 housing market like?

Typical home value

$602K

Down1.5%YoY

Median list price

$650K

Up3.8%MoM

Days on market

61

Up45.2%MoM

Homes for sale

168

Flat0.0%MoM

Price cuts

26.8%

Up3.2%MoM

New listings

60

Down11.8%MoM

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

Free home value report

See what your 97224 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97224 home prices compare?

  • 97224$602,007
  • 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 168 homes for sale in 97224, with 60 new listings coming on the market. The median list price is $649,700 while the typical home value is $606,342, down 2.0% over the past year. A median 61 days on market says buyers are not rushing, and 26.8% of listings have taken a price cut. For a seller, realistic pricing matters more than testing the market.

Monthly payment

Estimate your monthly payment.

20% · $120,401

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.