Market reports → Portland 97231
Updated May 2026 · Zillow + Redfin data
Portland 97231, by the numbers.
Multnomah County, OR. What homes are worth here, how fast they move, and what that means if you are buying or selling.
What this means
Inventory in 97231 is thin (40 homes on the market at last count), so well-prepared listings get outsized attention. Homes are going under contract in a median of 14 days, which is quickly. Sellers are getting about 99.2% of asking price, and 33% of sales close above list.
Straight answers
97231 questions, answered.
What is the typical home value in 97231?
Zillow's home value index puts the typical Portland 97231 home at $702,637 as of May 2026.
How fast do homes sell in 97231?
The median time to pending in Portland 97231 is 14 days, based on Redfin sales data through May 2026.
Is 97231 a buyer's or seller's market right now?
Inventory in 97231 is thin (40 homes on the market at last count), so well-prepared listings get outsized attention. Homes are going under contract in a median of 14 days, which is quickly. Sellers are getting about 99.2% of asking price, and 33% of sales close above list.
What do homes sell for per square foot in 97231?
The median sale price is $694,388, which works out to about $307 per square foot.
Sources: Zillow Home Value Index and Redfin market data through May 2026. Figures refresh as new data lands.
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