Market Intelligence · OR / Portland

Portland, OR 97232 Housing Market

The typical home value in Portland's 97232 ZIP is $658,234, up 3.2% over the past year as of 2026-07-01. As of 2026-08-01, the median list price is $362,450, and homes are spending a median of 58 days on the market.

Updated August 2026Median value$654K

The median home value in Portland, OR 97232 is $654K as of August 2026, up 4.0% 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

$602K to $707K

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

+4.0% over 12 months

Typical home value in 97232 over the last 12 months: $629K in Aug 2025 to $654K in Aug 2026 (+4.0%).

Aug 2025$629K

Aug 2026$654K

The numbers

What is the 97232 housing market like?

Typical home value

$654K

Up4.0%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97232 home prices compare?

  • 97232$654,287
  • 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

Home values in 97232 are at $658,234, up 3.2% over the past year. As of 2026-08-01 there are 34 homes for sale, with 12 new listings, so buyers have a modest amount of choice. The median list price is $362,450, and homes are taking a median of 58 days to sell. Price cuts are showing up on 25.4% of listings, which means a meaningful share of sellers are adjusting their asking price. For a seller, values are rising but buyers are negotiating, so pricing carefully from the start matters.

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