Market Intelligence · OR / Portland

Portland, OR 97239 Housing Market

The typical home value in Portland's 97239 ZIP code is $590,098, up 0.0% over the past year as of September 2026. The median list price is $650,975, and homes are spending a median of 102 days on the market.

Updated September 2026Median value$590K

The median home value in Portland, OR 97239 is $590K as of September 2026, little changed year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97239 range

$543K to $637K

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

+0.0% over 12 months

Sep 2025$590K

Low $588KHigh $597K

Sep 2026$590K

The numbers

What is the 97239 housing market like?

As of September 2026

Typical home value

$590K

0.0%YoY

Median list price

$651K

4.2%MoM

Days on market

102

8.5%MoM

Homes for sale

112

4.7%MoM

Price cuts

28.1%

21.7%MoM

New listings

37.5%MoM

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

The outlook

97239 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97239 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 97239 held essentially flat, per the Zillow Home Value Index.

Will home prices drop in 97239?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97239 to stay roughly flat by September 2027 (down 0.3%), after a flat past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97239 home prices compare?

97239$590,098
Portland$547,291
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there were 112 homes for sale in 97239, with 22 new listings coming on the market. The median days on market is 102, which points to a slow pace of sales. Meanwhile, 28.1% of listings have taken a price cut, even though the typical home value of $590,098 has held flat at 0.0% growth over the past year. The median list price of $650,975 sits well above the typical value, suggesting some sellers are starting high and adjusting later. For a seller, realistic pricing from day one matters more than testing the market.

Monthly payment

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Home price

Down payment20% · $118,020

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Common questions

What people ask us.

How much is a home in 97239 worth?

The typical home value in 97239 is $590,098, up 0.0% over the past year as of September 2026. The median list price is $650,975.

How long does it take to sell a home in 97239?

Homes in 97239 are spending a median of 102 days on the market as of September 2026.

Are sellers cutting prices in 97239?

Yes. As of September 2026, 28.1% of listings in 97239 had a price cut.

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