ZIP 97007 Housing Market Report
Portland Metro
Report period: July 2026
97007 Monthly Market Update – July 2026
ZIP 97007 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$619,900
−0.0%
Median DOM (Sales)
40
0.0%
New Listings (Sales)
24
−77.6%
Median Rent
$1,958
+3.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
292
−2.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (19 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($917,000 median)
Sales Market Overview
Median Price
$619,900
−0.0%
Median DOM
40
0.0%
New Listings
24
−77.6%
Inventory
403
+1.0%
- Average Price: $650,027
- Median Price: $619,900
- Price Range: $88,000 – $5,995,000
- Price per Sq Ft (Avg/Median): $295 / $288
- Square Footage (Avg/Median): 2,189 / 1,987
- Square Footage Range: 645 – 8,136
- Days on Market (Avg/Median): 59 / 40
- Days on Market Range: 1 – 323
- New Listings: 24
- Total Listings: 403
Sales by Property Type
Condo
Avg/Median Price$311,681 / $309,900Range$199,000 – $461,500Price per Sq Ft$296 / $297Sq Ft1,082 / 1,035DOM69 / 53New5Total59
Land
Avg/Median Price$1,634,544 / $1,025,000Range$175,000 – $5,995,000Price per Sq Ft—Sq Ft—DOM154 / 95New0Total9
Manufactured
Avg/Median Price$116,779 / $118,000Range$88,000 – $148,000Price per Sq Ft$105 / $92Sq Ft1,186 / 1,185DOM76 / 49New0Total5
Multi-Family
Avg/Median Price$726,495 / $574,990Range$574,990 – $878,000Price per Sq Ft$322 / $278Sq Ft2,362 / 1,569DOM29 / 19New0Total2
Single Family
Avg/Median Price$741,796 / $678,900Range$379,000 – $2,745,000Price per Sq Ft$301 / $288Sq Ft2,565 / 2,333DOM49 / 33New19Total270
Townhouse
Avg/Median Price$457,572 / $450,000Range$315,000 – $649,000Price per Sq Ft$284 / $280Sq Ft1,644 / 1,650DOM83 / 85New0Total58
Sales by Bedroom Count
1 Beds
Avg:$241,415Median:$242,000Range:$199,000 – $273,200PSF:$339 / $325Sq Ft:715 / 715DOM:83 / 68New:1Total:13
2 Beds
Avg:$334,348Median:$322,900Range:$88,000 – $875,000PSF:$299 / $290Sq Ft:1,167 / 1,078DOM:67 / 64New:3Total:54
3 Beds
Avg:$548,540Median:$529,900Range:$99,995 – $1,250,000PSF:$311 / $304Sq Ft:1,789 / 1,733DOM:51 / 30New:8Total:139
4 Beds
Avg:$736,792Median:$685,000Range:$129,900 – $2,745,000PSF:$284 / $281Sq Ft:2,615 / 2,436DOM:59 / 36New:5Total:131
5 Beds
Avg:$928,023Median:$839,990Range:$485,000 – $2,490,000PSF:$270 / $274Sq Ft:3,417 / 3,118DOM:50 / 37New:6Total:50
6 Beds
Avg:$1,060,800Median:$917,000Range:$664,999 – $1,449,000PSF:$237 / $248Sq Ft:4,741 / 4,000DOM:66 / 52New:0Total:5
7 Beds
Avg:$792,500Median:$765,000Range:$765,000 – $820,000PSF:$360 / $353Sq Ft:2,199 / 2,169DOM:24 / 2New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $241,415 | $242,000 | $199,000 – $273,200 | $339 / $325 | 715 / 715 | 83 / 68 | 1 | 13 |
| 2 Beds | $334,348 | $322,900 | $88,000 – $875,000 | $299 / $290 | 1,167 / 1,078 | 67 / 64 | 3 | 54 |
| 3 Beds | $548,540 | $529,900 | $99,995 – $1,250,000 | $311 / $304 | 1,789 / 1,733 | 51 / 30 | 8 | 139 |
| 4 Beds | $736,792 | $685,000 | $129,900 – $2,745,000 | $284 / $281 | 2,615 / 2,436 | 59 / 36 | 5 | 131 |
| 5 Beds | $928,023 | $839,990 | $485,000 – $2,490,000 | $270 / $274 | 3,417 / 3,118 | 50 / 37 | 6 | 50 |
| 6 Beds | $1,060,800 | $917,000 | $664,999 – $1,449,000 | $237 / $248 | 4,741 / 4,000 | 66 / 52 | 0 | 5 |
| 7 Beds | $792,500 | $765,000 | $765,000 – $820,000 | $360 / $353 | 2,199 / 2,169 | 24 / 2 | 1 | 2 |
Rental Market Overview
Median Rent
$1,958
+3.3%
Median DOM
1
0.0%
New Listings
86
Inventory
292
−2.7%
- Average Rent: $2,179
- Median Rent: $1,958
- Rent Range: $1,351 – $6,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,123 / 952
- Square Footage Range: 460 – 3,085
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 352
- New Listings: 86
- Total Listings: 292
Rentals by Property Type
Apartment
$1,789
Median DOM: 1
Inventory: 203
MoM: +3.3%
Condo
$1,700
Median DOM: 1
Inventory: 4
MoM: +3.3%
Single Family
$2,895
Median DOM: 1
Inventory: 66
MoM: +3.3%
Townhouse
$2,395
Median DOM: 1
Inventory: 18
MoM: +3.3%
Apartment
Avg/Median Rent$1,907 / $1,789Range$1,351 – $4,009Rent per Sq Ft$2 / $2Sq Ft840 / 860DOM30 / 1New61Total203
Condo
Avg/Median Rent$1,980 / $1,700Range$1,500 – $2,625Rent per Sq Ft$2 / $2Sq Ft1,207 / 1,165DOM1 / 1New0Total4
Multi-Family
Avg/Median Rent$2,385 / $2,385Range$2,385 – $2,385Rent per Sq Ft$2 / $2Sq Ft1,242 / 1,242DOM16 / 16New0Total1
Single Family
Avg/Median Rent$2,946 / $2,895Range$1,595 – $6,800Rent per Sq Ft$2 / $2Sq Ft1,890 / 1,920DOM10 / 1New22Total66
Townhouse
Avg/Median Rent$2,466 / $2,395Range$1,975 – $3,125Rent per Sq Ft$2 / $2Sq Ft1,522 / 1,550DOM19 / 1New3Total18
Rentals by Bedroom Count
Studio
Avg:$1,730Median:$1,533Range:$1,509 – $2,695PSF:$3 / $3Sq Ft:460 / 460DOM:28 / 1New:3Total:6
1 Beds
Avg:$1,708Median:$1,592Range:$1,351 – $3,395PSF:$3 / $2Sq Ft:680 / 679DOM:37 / 1New:32Total:99
2 Beds
Avg:$2,070Median:$2,052Range:$1,471 – $3,221PSF:$2 / $2Sq Ft:1,045 / 1,005DOM:19 / 1New:26Total:113
3 Beds
Avg:$2,703Median:$2,625Range:$1,995 – $4,009PSF:$2 / $2Sq Ft:1,551 / 1,493DOM:13 / 1New:13Total:42
4 Beds
Avg:$3,400Median:$3,300Range:$2,699 – $6,800PSF:$2 / $1Sq Ft:2,245 / 2,167DOM:15 / 1New:11Total:27
5 Beds
Avg:$3,515Median:$3,390Range:$3,125 – $3,995PSF:$1 / $1Sq Ft:2,569 / 2,540DOM:18 / 1New:1Total:4
6 Beds
Avg:$3,585Median:$3,585Range:$3,585 – $3,585PSF:$1 / $1Sq Ft:3,085 / 3,085DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,730 | $1,533 | $1,509 – $2,695 | $3 / $3 | 460 / 460 | 28 / 1 | 3 | 6 |
| 1 Beds | $1,708 | $1,592 | $1,351 – $3,395 | $3 / $2 | 680 / 679 | 37 / 1 | 32 | 99 |
| 2 Beds | $2,070 | $2,052 | $1,471 – $3,221 | $2 / $2 | 1,045 / 1,005 | 19 / 1 | 26 | 113 |
| 3 Beds | $2,703 | $2,625 | $1,995 – $4,009 | $2 / $2 | 1,551 / 1,493 | 13 / 1 | 13 | 42 |
| 4 Beds | $3,400 | $3,300 | $2,699 – $6,800 | $2 / $1 | 2,245 / 2,167 | 15 / 1 | 11 | 27 |
| 5 Beds | $3,515 | $3,390 | $3,125 – $3,995 | $1 / $1 | 2,569 / 2,540 | 18 / 1 | 1 | 4 |
| 6 Beds | $3,585 | $3,585 | $3,585 – $3,585 | $1 / $1 | 3,085 / 3,085 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$625,000Median DOM:39New:85Total:319
Mar 2026
Median Price:$622,999Median DOM:32New:102Total:346
Apr 2026
Median Price:$635,000Median DOM:29New:123Total:372
May 2026
Median Price:$635,000Median DOM:37New:113Total:391
Jun 2026
Median Price:$620,000Median DOM:40New:107Total:399
Jul 2026
Median Price:$619,900Median DOM:40New:24Total:403
6-Month Rental Trend
Feb 2026
Median Rent:$1,772Median DOM:1New:160Total:315
Mar 2026
Median Rent:$1,781Median DOM:1New:156Total:303
Apr 2026
Median Rent:$1,808Median DOM:1New:148Total:304
May 2026
Median Rent:$1,801Median DOM:1New:149Total:291
Jun 2026
Median Rent:$1,896Median DOM:1New:163Total:300
Jul 2026
Median Rent:$1,958Median DOM:1New:86Total:292
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory tightened.
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.
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