How much is a home in 97229 worth?

The typical home value in 97229 is $734,680, down 3.3% over the past year. Individual homes vary, but that figure is a useful starting point.

How long does it take to sell a home in 97229?

The median days on market in 97229 is 60. Well-priced homes can move faster, but many sellers should plan for a two-month timeline.

Are sellers in 97229 cutting prices?

Yes. 30.6% of listings in 97229 have had a price cut, which reflects the gap between the median list price of $775,000 and where actual values sit.

Market Intelligence · OR / Portland

Portland, OR 97229 Housing Market

The typical home in Portland's 97229 ZIP code is worth $734,680, down 3.3% over the past year. The median list price sits at $775,000, and homes are spending a median of 60 days on market.

Updated August 2026Median value$727K

The median home value in Portland, OR 97229 is $727K as of August 2026, down 2.5% 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.

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Typical 97229 range

$669K to $785K

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

-2.5% over 12 months

Aug 2025$746K

Low $726KHigh $746K

Aug 2026$727K

The numbers

What is the 97229 housing market like?

As of August 2026

Typical home value

$727K

2.5%YoY

Median list price

$775K

0.3%MoM

Days on market

17.6%MoM

Homes for sale

331

5.4%MoM

Price cuts

30.6%

5.7%MoM

New listings

100

13.8%MoM

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

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The comparison

How do 97229 home prices compare?

97229$726,751
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 331 homes for sale in 97229 right now, with 100 new listings coming on the market. Sellers are adjusting expectations: 30.6% of listings have taken a price cut. The typical home value is $734,680, down 3.3% over the past year, while the median list price of $775,000 suggests some asking prices remain above where values have settled. With a median of 60 days on market, buyers have time to be selective. If you are thinking about selling, expect to price carefully and be patient rather than assume a quick, full-price offer.

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