Market Intelligence · OR / Portland

Portland, OR 97229 Housing Market

The typical home value in Portland's 97229 is $742,698, down 3.9% over the past year. The median list price sits at $765,975, and homes are taking a median of 45 days on market.

Updated June 2026Median value$743K

The median home value in Portland, OR 97229 is $743K as of June 2026, down 3.9% 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 97229 range

$683K to $802K

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

-3.9% over 12 months

Typical home value in 97229 over the last 12 months: $772K in Jun 2025 to $743K in Jun 2026 (-3.9%).

Jun 2025$772K

Jun 2026$743K

The numbers

What is the 97229 housing market like?

Typical home value

$743K

Down3.9%YoY

Median list price

$766K

Days on market

45

Up40.6%MoM

Homes for sale

328

Price cuts

25.4%

New listings

158

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

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The comparison

How do 97229 home prices compare?

  • 97229$742,698
  • 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 are 328 homes for sale in 97229, with 158 new listings added recently. The median list price is $765,975, while the typical home value is $742,698, down 3.9% over the past year. Homes take a median of 45 days to sell, and 25.4% of listings have had a price cut. For sellers, this is a slower market where realistic pricing matters more than it did a year ago.

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