Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97227 Housing Market

The typical home value in 97227 is $565,135, down 3.3% over the past year. The median list price stands at $504,963, with homes spending 66 days on market. This suggests a cooling market with fewer urgencies to transact.

Updated August 2026Median value$565K

The median home value in Portland, OR 97227 is $565K as of August 2026, down 3.3% 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 97227 range

$520K to $610K

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 97227 market stats. Unsubscribe anytime.

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

12-month value trend

-3.3% over 12 months

Typical home value in 97227 over the last 12 months: $585K in Jul 2025 to $565K in Jul 2026 (-3.3%).

Jul 2025$585K

Jul 2026$565K

The numbers

What is the 97227 housing market like?

Typical home value

$565K

Down3.3%YoY

Median list price

$415K

Down17.8%MoM

Days on market

73

Up10.6%MoM

Homes for sale

15

Flat0.0%MoM

Price cuts

25.0%

Flat0.0%MoM

New listings

4

Up100.0%MoM

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

Free home value report

See what your 97227 home is worth.

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

The comparison

How do 97227 home prices compare?

  • 97227$565,135
  • Portland$559,538
  • Oregon$464,217
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,266 ZIPs).

Context

Inventory remains tight at 15 homes for sale, though only 2 new listings appeared as of July 2026. The median time on market of 66 days indicates slower movement compared to recent years. A quarter of listings have already seen price cuts, suggesting some sellers are adjusting to softer demand. The gap between typical value ($565,135) and median list price ($504,963) reflects realistic pricing in a market that has softened. Sellers should expect patient buyers and competitive pressure if they overprice.

Monthly payment

Estimate your monthly payment.

20% · $113,027

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.