Market Intelligence · OR / Portland

Portland, OR 97229 Housing Market

In Portland 97229, the typical home value was $723,247 as of September 2026, down 2.0% over the past year. The median list price stood at $772,463, and homes spent a median of 67 days on market.

Updated September 2026Median value$723K

The median home value in Portland, OR 97229 is $723K as of September 2026, down 2.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97229 range

$665K to $781K

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

Sep 2025$738K

Low $721KHigh $738K

Sep 2026$723K

The numbers

What is the 97229 housing market like?

As of September 2026

Typical home value

$723K

2.0%YoY

Median list price

$772K

0.3%MoM

Days on market

11.7%MoM

Homes for sale

311

6.0%MoM

Price cuts

36.2%

18.4%MoM

New listings

108

8.0%MoM

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

The outlook

97229 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97229 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97229 fell 2.0%, per the Zillow Home Value Index.

Will home prices drop in 97229?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97229 to stay roughly flat by September 2027 (no change), after a 2.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97229 home prices compare?

97229$723,247
Portland$547,291
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Portland 97229 had 311 homes for sale and 108 new listings came to market. The median list price was $772,463, above the typical home value of $723,247. That value was down 2.0% over the past year, and 36.2% of listings had taken a price cut. Homes were moving slowly, with a median of 67 days on market. For a seller, the read is that buyers have room to negotiate and pricing too high tends to get corrected.

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Down payment20% · $144,649

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Common questions

What people ask us.

How much is a home in 97229 worth?

The typical home value was $723,247 as of September 2026, down 2.0% over the past year.

How long are homes taking to sell in 97229?

The median days on market was 67 as of September 2026.

Are sellers cutting prices in 97229?

Yes, 36.2% of listings had a price cut as of September 2026, while there were 311 homes for sale and 108 new listings.

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Nearby ZIP markets.

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