Market Intelligence · OR / Portland

Portland, OR 97232 Housing Market

The typical home value in Portland, OR 97232 is $658,234, up 3.2% over the past year. The median list price stands at $343,725, with homes taking a median of 69 days to sell.

Updated August 2026Median value$658K

The median home value in Portland, OR 97232 is $658K as of August 2026, up 3.2% 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

$606K to $711K

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

+3.2% over 12 months

Typical home value in 97232 over the last 12 months: $638K in Jul 2025 to $658K in Jul 2026 (+3.2%).

Jul 2025$638K

Jul 2026$658K

The numbers

What is the 97232 housing market like?

Typical home value

$658K

Up3.2%YoY

Median list price

$362K

Up5.4%MoM

Days on market

58

Down15.9%MoM

Homes for sale

34

Up3.0%MoM

Price cuts

25.4%

Down12.8%MoM

New listings

12

Up20.0%MoM

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

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The comparison

How do 97232 home prices compare?

  • 97232$658,234
  • Portland$559,538
  • Oregon$464,217
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,266 ZIPs).

Context

Zillow's home value index puts the typical 97232 home at $658,234 as of July 2026, a 12-month move of +3.2%. Turning to what is for sale, Realtor.com counts 34 homes on the market, 12 newly listed, and a median asking price of $362,450 as of August 2026. Listings sit a median 58 days before selling, with 25.4% of active homes cutting their price. Taken together, the numbers describe a rising market with clear year-over-year appreciation.

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