Market Intelligence · OR / Portland

Portland, OR 97224 Housing Market

The typical home in Portland's 97224 ZIP code is worth $610,903, down 2.6% over the past year. The median list price sits at $625,400, and homes are taking a median of 40 days on market.

Updated June 2026Median value$611K

The median home value in Portland, OR 97224 is $611K as of June 2026, down 2.6% 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 97224 range

$562K to $660K

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

-2.6% over 12 months

Typical home value in 97224 over the last 12 months: $627K in Jun 2025 to $611K in Jun 2026 (-2.6%).

Jun 2025$627K

Jun 2026$611K

The numbers

What is the 97224 housing market like?

Typical home value

$611K

Down2.6%YoY

Median list price

$625K

Days on market

40

Up8.1%MoM

Homes for sale

155

Price cuts

20.8%

New listings

110

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

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The comparison

How do 97224 home prices compare?

  • 97224$610,903
  • 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 2026, there were 155 homes for sale in 97224, with 110 new listings added. The median list price was $625,400, while the typical home value was $610,903, down 2.6% over the past year. About 20.8% of listings had a price cut, and homes took a median of 40 days on market. For sellers, this is a slower market, so realistic pricing and patience matter more than they did a year ago.

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