Portland Metro Housing Market Report
Report period: August 2026
Portland Metro Housing Market Report – August 2026
Portland Metro · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$576,260
−0.7%
Median DOM (Sales)
51
+1.5%
New Listings (Sales)
463
−73.8%
Median Rent
$1,711
+0.5%
Median DOM (Rental)
2
0.0%
Total Rental Listings
8,417
+1.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (35 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,668,975 median)
Sales Market Overview
Median Price
$576,260
−0.7%
Median DOM
51
+1.5%
New Listings
463
−73.8%
Inventory
8,275
−0.4%
- Average Price: $691,819
- Median Price: $576,260
- Price Range: $112,648 – $4,050,972
- Price per Sq Ft (Avg/Median): $325 / $310
- Square Footage (Avg/Median): 2,047 / 1,813
- Square Footage Range: 561 – 8,341
- Days on Market (Avg/Median): 72 / 51
- Days on Market Range: 3 – 331
- New Listings: 463
- Total Listings: 8,275
Sales by Property Type
Condo
Avg/Median Price$350,659 / $310,754Range$179,297 – $765,435Price per Sq Ft$313 / $302Sq Ft1,129 / 1,032DOM99 / 79New73Total1,877
Land
Avg/Median Price$727,275 / $550,185Range$296,303 – $1,647,487Price per Sq Ft—Sq Ft—DOM123 / 109New6Total300
Multi-Family
Avg/Median Price$1,208,680 / $939,593Range$767,702 – $2,512,699Price per Sq Ft$284 / $268Sq Ft4,087 / 3,595DOM84 / 61New16Total296
Single Family
Avg/Median Price$817,166 / $708,516Range$346,810 – $2,912,513Price per Sq Ft$335 / $320Sq Ft2,443 / 2,312DOM54 / 35New334Total4,968
Townhouse
Avg/Median Price$499,305 / $471,192Range$385,725 – $697,472Price per Sq Ft$314 / $309Sq Ft1,617 / 1,506DOM74 / 61New24Total618
Manufactured
Avg/Median Price$154,288 / $126,645Range$83,737 – $286,625Price per Sq Ft$129 / $108Sq Ft1,149 / 1,102DOM108 / 73New10Total216
Sales by Bedroom Count
1 Beds
Avg:$303,763Median:$221,122Range:$163,474 – $776,068PSF:$318 / $299Sq Ft:908 / 685DOM:95 / 67New:15Total:512
2 Beds
Avg:$407,377Median:$361,843Range:$170,834 – $1,041,975PSF:$328 / $310Sq Ft:1,248 / 1,144DOM:82 / 60New:89Total:1,849
3 Beds
Avg:$653,617Median:$593,808Range:$273,014 – $1,976,781PSF:$334 / $324Sq Ft:1,920 / 1,803DOM:65 / 45New:159Total:2,608
4 Beds
Avg:$852,944Median:$761,119Range:$426,829 – $2,432,828PSF:$307 / $295Sq Ft:2,715 / 2,579DOM:59 / 38New:144Total:1,970
5 Beds
Avg:$1,076,453Median:$920,258Range:$621,023 – $2,549,106PSF:$300 / $282Sq Ft:3,448 / 3,137DOM:68 / 53New:39Total:714
6 Beds
Avg:$1,431,823Median:$1,192,934Range:$895,759 – $2,314,112PSF:$300 / $274Sq Ft:4,432 / 3,900DOM:86 / 68New:5Total:175
7 Beds
Avg:$1,804,009Median:$1,668,975Range:$1,664,575 – $1,958,343PSF:$295 / $283Sq Ft:5,321 / 4,779DOM:104 / 93New:0Total:38
8 Beds
Avg:$1,210,132Median:$1,161,028Range:$1,002,578 – $1,389,423PSF:$284 / $279Sq Ft:4,127 / 4,110DOM:83 / 74New:4Total:38
Studio
Avg:$234,749Median:$219,651Range:$206,269 – $286,964PSF:$383 / $373Sq Ft:541 / 525DOM:124 / 108New:2Total:71
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $303,763 | $221,122 | $163,474 – $776,068 | $318 / $299 | 908 / 685 | 95 / 67 | 15 | 512 |
| 2 Beds | $407,377 | $361,843 | $170,834 – $1,041,975 | $328 / $310 | 1,248 / 1,144 | 82 / 60 | 89 | 1,849 |
| 3 Beds | $653,617 | $593,808 | $273,014 – $1,976,781 | $334 / $324 | 1,920 / 1,803 | 65 / 45 | 159 | 2,608 |
| 4 Beds | $852,944 | $761,119 | $426,829 – $2,432,828 | $307 / $295 | 2,715 / 2,579 | 59 / 38 | 144 | 1,970 |
| 5 Beds | $1,076,453 | $920,258 | $621,023 – $2,549,106 | $300 / $282 | 3,448 / 3,137 | 68 / 53 | 39 | 714 |
| 6 Beds | $1,431,823 | $1,192,934 | $895,759 – $2,314,112 | $300 / $274 | 4,432 / 3,900 | 86 / 68 | 5 | 175 |
| 7 Beds | $1,804,009 | $1,668,975 | $1,664,575 – $1,958,343 | $295 / $283 | 5,321 / 4,779 | 104 / 93 | 0 | 38 |
| 8 Beds | $1,210,132 | $1,161,028 | $1,002,578 – $1,389,423 | $284 / $279 | 4,127 / 4,110 | 83 / 74 | 4 | 38 |
| Studio | $234,749 | $219,651 | $206,269 – $286,964 | $383 / $373 | 541 / 525 | 124 / 108 | 2 | 71 |
Rental Market Overview
Median Rent
$1,711
+0.5%
Median DOM
2
0.0%
New Listings
3,240
Inventory
8,417
+1.4%
- Average Rent: $1,935
- Median Rent: $1,711
- Rent Range: $934 – $6,045
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 961 / 839
- Square Footage Range: 346 – 3,375
- Days on Market (Avg/Median): 28 / 2
- Days on Market Range: 1 – 321
- New Listings: 3,240
- Total Listings: 8,417
Rentals by Property Type
Apartment
$1,588
Median DOM: 11
Inventory: 6,420
MoM: +0.5%
Condo
$1,599
Median DOM: 3
Inventory: 406
MoM: +0.5%
Single Family
$2,706
Median DOM: 1
Inventory: 1,345
MoM: +0.5%
Townhouse
$2,284
Median DOM: 20
Inventory: 185
MoM: +0.5%
Apartment
Avg/Median Rent$1,697 / $1,588Range$985 – $4,574Rent per Sq Ft$2 / $2Sq Ft787 / 763DOM40 / 11New2,396Total6,420
Condo
Avg/Median Rent$1,770 / $1,599Range$1,234 – $2,771Rent per Sq Ft$2 / $2Sq Ft924 / 826DOM11 / 3New170Total406
Single Family
Avg/Median Rent$2,787 / $2,706Range$1,288 – $5,229Rent per Sq Ft$2 / $2Sq Ft1,532 / 1,383DOM9 / 1New601Total1,345
Townhouse
Avg/Median Rent$2,382 / $2,284Range$1,922 – $2,957Rent per Sq Ft$2 / $2Sq Ft1,264 / 1,166DOM30 / 20New59Total185
Multi-Family
Avg/Median Rent$2,083 / $1,996Range$1,816 – $2,362Rent per Sq Ft$2 / $2Sq Ft1,125 / 1,021DOM21 / 8New14Total60
Manufactured
Avg/Median Rent$1,945 / $1,945Range$1,945 – $1,945Rent per Sq Ft$2 / $2Sq Ft988 / 988DOM48 / 48New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,314Median:$1,262Range:$1,026 – $1,762PSF:$3 / $3Sq Ft:491 / 473DOM:52 / 32New:359Total:1,089
1 Beds
Avg:$1,536Median:$1,496Range:$1,068 – $2,455PSF:$2 / $2Sq Ft:663 / 656DOM:47 / 19New:1,192Total:3,078
2 Beds
Avg:$1,988Median:$1,883Range:$1,277 – $3,662PSF:$2 / $2Sq Ft:971 / 940DOM:28 / 5New:1,146Total:2,929
3 Beds
Avg:$3,007Median:$2,784Range:$1,875 – $4,965PSF:$2 / $2Sq Ft:1,497 / 1,413DOM:27 / 1New:361Total:920
4 Beds
Avg:$3,770Median:$3,545Range:$3,001 – $5,230PSF:$2 / $2Sq Ft:2,159 / 2,108DOM:24 / 13New:140Total:311
5 Beds
Avg:$4,197Median:$4,090Range:$3,947 – $4,527PSF:$2 / $2Sq Ft:2,975 / 2,883DOM:7 / 6New:35Total:73
6 Beds
Avg:$3,800Median:$3,748Range:$3,649 – $4,011PSF:$1 / $1Sq Ft:3,059 / 2,996DOM:2 / 1New:7Total:15
8 Beds
Avg:$1,345Median:$1,345Range:$1,345 – $1,345PSF:$0 / $0Sq Ft:3,814 / 3,814DOM:—New:0Total:1
7 Beds
Avg:$4,700Median:$4,700Range:$4,700 – $4,700PSF:$2 / $2Sq Ft:2,440 / 2,440DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,314 | $1,262 | $1,026 – $1,762 | $3 / $3 | 491 / 473 | 52 / 32 | 359 | 1,089 |
| 1 Beds | $1,536 | $1,496 | $1,068 – $2,455 | $2 / $2 | 663 / 656 | 47 / 19 | 1,192 | 3,078 |
| 2 Beds | $1,988 | $1,883 | $1,277 – $3,662 | $2 / $2 | 971 / 940 | 28 / 5 | 1,146 | 2,929 |
| 3 Beds | $3,007 | $2,784 | $1,875 – $4,965 | $2 / $2 | 1,497 / 1,413 | 27 / 1 | 361 | 920 |
| 4 Beds | $3,770 | $3,545 | $3,001 – $5,230 | $2 / $2 | 2,159 / 2,108 | 24 / 13 | 140 | 311 |
| 5 Beds | $4,197 | $4,090 | $3,947 – $4,527 | $2 / $2 | 2,975 / 2,883 | 7 / 6 | 35 | 73 |
| 6 Beds | $3,800 | $3,748 | $3,649 – $4,011 | $1 / $1 | 3,059 / 2,996 | 2 / 1 | 7 | 15 |
| 8 Beds | $1,345 | $1,345 | $1,345 – $1,345 | $0 / $0 | 3,814 / 3,814 | — | 0 | 1 |
| 7 Beds | $4,700 | $4,700 | $4,700 – $4,700 | $2 / $2 | 2,440 / 2,440 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$563,486Median DOM:38New:1,813Total:6,626
Apr 2026
Median Price:$578,080Median DOM:36New:2,065Total:7,325
May 2026
Median Price:$578,601Median DOM:37New:2,182Total:7,981
Jun 2026
Median Price:$580,572Median DOM:44New:2,063Total:8,339
Jul 2026
Median Price:$580,509Median DOM:50New:1,764Total:8,312
Aug 2026
Median Price:$576,260Median DOM:51New:463Total:8,275
6-Month Rental Trend
Mar 2026
Median Rent:$1,707Median DOM:2New:3,695Total:7,430
Apr 2026
Median Rent:$1,687Median DOM:2New:4,107Total:7,785
May 2026
Median Rent:$1,667Median DOM:2New:4,244Total:7,875
Jun 2026
Median Rent:$1,681Median DOM:2New:4,348Total:8,100
Jul 2026
Median Rent:$1,703Median DOM:2New:4,411Total:8,302
Aug 2026
Median Rent:$1,711Median DOM:2New:3,240Total:8,417
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
ZIP Code Reports
Detailed reports for ZIP codes in Portland Metro.