Market Intelligence · OR / Portland

Portland, OR 97230 Housing Market

The typical home value in Portland, OR 97230 is $458,613 as of 2026-07-01, up 0.0% over the past year. Values have stayed flat. As of 2026-08-01, the median list price is $419,900 and the median days on market is 58.

Updated August 2026Median value$453K

The median home value in Portland, OR 97230 is $453K as of August 2026, up 0.1% 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 97230 range

$416K to $489K

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

+0.1% over 12 months

Typical home value in 97230 over the last 12 months: $452K in Aug 2025 to $453K in Aug 2026 (+0.1%).

Aug 2025$452K

Aug 2026$453K

The numbers

What is the 97230 housing market like?

Typical home value

$453K

Up0.1%YoY

Median list price

$420K

Down6.1%MoM

Days on market

58

Up9.4%MoM

Homes for sale

120

Up6.2%MoM

Price cuts

34.0%

Down26.5%MoM

New listings

40

Up53.8%MoM

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

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The comparison

How do 97230 home prices compare?

  • 97230$452,550
  • 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

As of 2026-08-01, there are 120 homes for sale in 97230, with 40 new listings entering the market. The median list price is $419,900, while the typical home value is $458,613 as of 2026-07-01. The median days on market is 58, and 34.0% of listings have taken a price cut. Home values are up 0.0% over the past year, so prices have not moved in either direction. For a seller, this is a market where pricing correctly from the start matters more than testing the market high.

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