Market Intelligence · OR / Portland

Portland, OR 97232 Housing Market

The typical home value in Portland's 97232 ZIP code is $670,831, up 2.7% over the past year. The median list price sits at $545,000, and homes are taking a median of 63 days on market as of June 1, 2026.

Updated June 2026Median value$671K

The median home value in Portland, OR 97232 is $671K as of June 2026, up 2.7% 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 97232 range

$617K to $724K

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

+2.7% over 12 months

Typical home value in 97232 over the last 12 months: $653K in Jun 2025 to $671K in Jun 2026 (+2.7%).

Jun 2025$653K

Jun 2026$671K

The numbers

What is the 97232 housing market like?

Typical home value

$671K

Up2.7%YoY

Median list price

$545K

Days on market

63

Up425.0%MoM

Homes for sale

27

Price cuts

11.4%

New listings

16

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

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The comparison

How do 97232 home prices compare?

  • 97232$670,831
  • 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 1, 2026, there were 27 homes for sale in 97232, with 16 new listings added. The median list price was $545,000, while the typical home value stood at $670,831, up 2.7% over the past year. Homes sat on the market for a median of 63 days, and 11.4% of listings had a price cut. For sellers, the pace is measured rather than rushed, so realistic pricing and patience matter.

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