Market Intelligence · OR / Portland

Portland, OR 97233 Housing Market

The typical home value in Portland's 97233 ZIP code is $405,891, up 0.4% over the past year. The median list price sits at $390,988, and homes are taking a median of 54 days to sell as of June 1, 2026.

Updated June 2026Median value$406K

The median home value in Portland, OR 97233 is $406K as of June 2026, up 0.4% 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

$373K to $438K

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

+0.4% over 12 months

Typical home value in 97233 over the last 12 months: $404K in Jun 2025 to $406K in Jun 2026 (+0.4%).

Jun 2025$404K

Jun 2026$406K

The numbers

What is the 97233 housing market like?

Typical home value

$406K

Up0.4%YoY

Median list price

$391K

Days on market

54

Up176.9%MoM

Homes for sale

67

Price cuts

20.4%

New listings

24

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 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$405,891
  • 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 are 67 homes for sale in 97233, with 24 new listings added recently. The median list price is $390,988, while the typical home value is $405,891, up 0.4% over the past year. Homes are spending a median of 54 days on the market, and 20.4% of listings have had a price cut. For sellers, the numbers point to a slow, roughly flat market, so realistic pricing and patience matter.

Monthly payment

Estimate your monthly payment.

20% · $81,178

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.