Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97239 Housing Market

The typical home in Portland 97239 is worth $605,191, down 0.7% over the past year. The median list price sits at $658,250, with homes taking 76 days on market on average.

Updated August 2026Median value$605K

The median home value in Portland, OR 97239 is $605K as of August 2026, down 0.7% 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 97239 range

$557K to $654K

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

-0.7% over 12 months

Typical home value in 97239 over the last 12 months: $610K in Jul 2025 to $605K in Jul 2026 (-0.7%).

Jul 2025$610K

Jul 2026$605K

The numbers

What is the 97239 housing market like?

Typical home value

$605K

Down0.7%YoY

Median list price

$625K

Down5.1%MoM

Days on market

94

Up23.7%MoM

Homes for sale

107

Down11.6%MoM

Price cuts

35.9%

Up13.1%MoM

New listings

16

Down27.3%MoM

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

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The comparison

How do 97239 home prices compare?

  • 97239$605,191
  • 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

Portland 97239 has 121 homes for sale as of July 2026, with 22 new listings entering the market. The median days on market of 76 reflects a buyer's market where properties are spending meaningful time available. Nearly a third of listings, at 31.7%, have seen price cuts. Combined with the year-over-year decline in home values, this suggests sellers should be realistic about pricing and prepared for negotiation.

Monthly payment

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20% · $121,038

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