Market Intelligence · OR / Portland

Portland, OR 97233 Housing Market

The typical home value in Portland, OR 97233 is $403,522, up 0.1% over the past year as of 2026-07-01. The median list price is $399,995, and homes spend a median of 51 days on the market as of 2026-08-01.

Updated August 2026Median value$399K

The median home value in Portland, OR 97233 is $399K as of August 2026, down 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 97233 range

$367K to $431K

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 97233 over the last 12 months: $399K in Aug 2025 to $399K in Aug 2026 (-0.1%).

Aug 2025$399K

Aug 2026$399K

The numbers

What is the 97233 housing market like?

Typical home value

$399K

Down0.1%YoY

Median list price

$400K

Up1.3%MoM

Days on market

51

Down13.6%MoM

Homes for sale

86

Up14.7%MoM

Price cuts

28.6%

Down7.0%MoM

New listings

36

Up12.5%MoM

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

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The comparison

How do 97233 home prices compare?

  • 97233$398,673
  • 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

There are 86 homes for sale in 97233, with 36 new listings added as of 2026-08-01. The median list price is $399,995, and the typical home value is $403,522, up 0.1% over the past year. Homes are taking a median of 51 days to sell, and 28.6% of listings have had a price cut. Together these figures describe a market that is roughly flat, where sellers often have to adjust asking prices to close. If you are thinking about selling, realistic pricing from day one matters more than testing the market high.

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