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Market Intelligence · OR / Portland

Portland, OR 97230 Housing Market

The typical home value in Portland, OR 97230 is $448,858, up 0.1% over the past year as of September 2026. The median list price is $420,700, and homes are spending a median of 62 days on the market. That points to a market where values are flat and homes take time to sell.

Updated September 2026Median value$449K

The median home value in Portland, OR 97230 is $449K as of September 2026, up 0.1% 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 97230 range

$413K to $485K

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: $449K in Sep 2025 to $449K in Sep 2026 (+0.1%).

Sep 2025$449K

Sep 2026$449K

The numbers

What is the 97230 housing market like?

Typical home value

$449K

Up0.1%YoY

Median list price

$421K

Up0.2%MoM

Days on market

62

Up6.9%MoM

Homes for sale

130

Up8.3%MoM

Price cuts

20.1%

Down41.0%MoM

New listings

36

Down10.0%MoM

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

The outlook

97230 housing market forecast 2027

-0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97230 to stay roughly flat by September 2027 (down 0.4%).

Over the 12 months through September 2026, typical home values in 97230 rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in 97230?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97230 to stay roughly flat by September 2027 (down 0.4%), after a 0.1% rise 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 97230 home prices compare?

  • 97230$448,858
  • 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

There were 130 homes for sale in 97230 as of September 2026, with 36 new listings added. The median list price sits at $420,700, below the typical home value of $448,858, and the median days on market is 62. Meanwhile, 20.1% of listings carried a price cut, a sign that some sellers started too high and had to adjust. Values have barely moved, up just 0.1% over the past year. For a seller, the honest takeaway is that pricing carefully from the start matters more than hoping the market will bail out an ambitious number.

Monthly payment

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20% · $89,772

Common questions

What people ask us.

How much is a home in 97230 worth?

The typical home value in 97230 is $448,858 as of September 2026, up 0.1% over the past year. The median list price is $420,700.

How fast do homes sell in 97230?

Homes in 97230 spent a median of 62 days on the market as of September 2026. About 20.1% of listings had a price cut, so overpricing can slow a sale down.

Is there much competition among sellers in 97230?

There were 130 homes for sale as of September 2026, with 36 new listings. Sellers should expect buyers to have options.

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