Home ValuePros

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. The median list price stands at $395,000, with homes taking a median of 59 days on market.

Updated August 2026Median value$404K

The median home value in Portland, OR 97233 is $404K as of August 2026, up 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.

Get a cash offer

Sell without the wait

Sell your Portland home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97233 range

$371K to $436K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97233 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Portland, OR.

12-month value trend

+0.1% over 12 months

Typical home value in 97233 over the last 12 months: $403K in Jul 2025 to $404K in Jul 2026 (+0.1%).

Jul 2025$403K

Jul 2026$404K

The numbers

What is the 97233 housing market like?

Typical home value

$404K

Up0.1%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 (July 2026) / Realtor.com (August 2026) / FRED (September 2026)

Free home value report

See what your 97233 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97233 home prices compare?

  • 97233$403,522
  • 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

As of July 2026, there are 75 homes for sale in 97233, with 32 new listings added recently. The median days on market of 59 suggests a slower pace than many sellers expect. A notable sign of softness is that 30.7% of current listings have already seen a price cut. While home values have ticked up slightly year-over-year, the combination of inventory depth and price reductions indicates this is a buyer-friendly environment right now.

Monthly payment

Estimate your monthly payment.

20% · $80,704

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.