ZIP 97024 Housing Market Report
Portland Metro
Report period: May 2026
97024 Monthly Market Update – May 2026
ZIP 97024 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$429,900
−1.1%
Median DOM (Sales)
38
−13.6%
New Listings (Sales)
5
−64.3%
Median Rent
$1,595
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
50
+6.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (24 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($585,000 median)
Sales Market Overview
Median Price
$429,900
−1.1%
Median DOM
38
−13.6%
New Listings
5
−64.3%
Inventory
59
+7.3%
- Average Price: $416,016
- Median Price: $429,900
- Price Range: $30,000 – $999,900
- Price per Sq Ft (Avg/Median): $239 / $256
- Square Footage (Avg/Median): 1,699 / 1,571
- Square Footage Range: 460 – 3,320
- Days on Market (Avg/Median): 56 / 38
- Days on Market Range: 2 – 220
- New Listings: 5
- Total Listings: 59
Sales by Property Type
Land
Avg/Median Price$599,900 / $599,900Range$599,900 – $599,900Price per Sq Ft—Sq Ft—DOM39 / 39New0Total1
Manufactured
Avg/Median Price$164,550 / $110,000Range$30,000 – $449,900Price per Sq Ft$130 / $123Sq Ft1,282 / 1,296DOM64 / 36New2Total18
Multi-Family
Avg/Median Price$552,450 / $480,000Range$480,000 – $624,900Price per Sq Ft$284 / $261Sq Ft1,976 / 1,560DOM146 / 112New0Total2
Single Family
Avg/Median Price$572,264 / $524,900Range$375,000 – $999,900Price per Sq Ft$300 / $302Sq Ft1,950 / 1,715DOM44 / 24New2Total26
Townhouse
Avg/Median Price$416,616 / $389,999Range$349,999 – $695,000Price per Sq Ft$252 / $252Sq Ft1,697 / 1,540DOM58 / 49New1Total12
Sales by Bedroom Count
2 Beds
Avg:$170,830Median:$79,999Range:$69,500 – $395,000PSF:$143 / $123Sq Ft:1,186 / 1,344DOM:59 / 38New:2Total:10
3 Beds
Avg:$425,413Median:$429,900Range:$30,000 – $875,000PSF:$264 / $282Sq Ft:1,621 / 1,540DOM:57 / 50New:3Total:35
4 Beds
Avg:$598,864Median:$585,000Range:$349,999 – $999,900PSF:$255 / $247Sq Ft:2,370 / 2,392DOM:61 / 35New:0Total:11
5 Beds
Avg:$379,900Median:$269,900Range:$269,900 – $489,900PSF:$201 / $146Sq Ft:1,884 / 1,848DOM:15 / 10New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $170,830 | $79,999 | $69,500 – $395,000 | $143 / $123 | 1,186 / 1,344 | 59 / 38 | 2 | 10 |
| 3 Beds | $425,413 | $429,900 | $30,000 – $875,000 | $264 / $282 | 1,621 / 1,540 | 57 / 50 | 3 | 35 |
| 4 Beds | $598,864 | $585,000 | $349,999 – $999,900 | $255 / $247 | 2,370 / 2,392 | 61 / 35 | 0 | 11 |
| 5 Beds | $379,900 | $269,900 | $269,900 – $489,900 | $201 / $146 | 1,884 / 1,848 | 15 / 10 | 0 | 2 |
Rental Market Overview
Median Rent
$1,595
0.0%
Median DOM
1
0.0%
New Listings
23
Inventory
50
+6.4%
- Average Rent: $1,614
- Median Rent: $1,595
- Rent Range: $1,195 – $2,850
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 847 / 774
- Square Footage Range: 425 – 1,611
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 335
- New Listings: 23
- Total Listings: 50
Rentals by Property Type
Apartment
$1,549
Median DOM: 1
Inventory: 35
MoM: 0.0%
Condo
$1,695
Median DOM: 1
Inventory: 5
MoM: 0.0%
Single Family
$1,495
Median DOM: 1
Inventory: 8
MoM: 0.0%
Townhouse
$1,695
Median DOM: 48
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,541 / $1,549Range$1,195 – $1,995Rent per Sq Ft$2 / $2Sq Ft811 / 774DOM34 / 1New14Total35
Condo
Avg/Median Rent$1,635 / $1,695Range$1,395 – $1,795Rent per Sq Ft$2 / $2Sq Ft882 / 1,027DOM1 / 1New4Total5
Multi-Family
Avg/Median Rent$2,250 / $2,250Range$2,250 – $2,250Rent per Sq Ft$2 / $2Sq Ft1,100 / 1,100DOM1 / 1New1Total1
Single Family
Avg/Median Rent$1,830 / $1,495Range$1,420 – $2,850Rent per Sq Ft$2 / $2Sq Ft953 / 674DOM1 / 1New4Total8
Townhouse
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$2 / $2Sq Ft864 / 864DOM48 / 48New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,300Median:$1,300Range:$1,300 – $1,300PSF:$3 / $3Sq Ft:425 / 425DOM:143 / 143New:0Total:1
1 Beds
Avg:$1,450Median:$1,455Range:$1,195 – $1,599PSF:$2 / $2Sq Ft:688 / 700DOM:9 / 1New:7Total:25
2 Beds
Avg:$1,675Median:$1,695Range:$1,395 – $1,995PSF:$2 / $2Sq Ft:966 / 950DOM:26 / 1New:14Total:20
3 Beds
Avg:$2,412Median:$2,250Range:$1,950 – $2,850PSF:$2 / $2Sq Ft:1,352 / 1,115DOM:49 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,300 | $1,300 | $1,300 – $1,300 | $3 / $3 | 425 / 425 | 143 / 143 | 0 | 1 |
| 1 Beds | $1,450 | $1,455 | $1,195 – $1,599 | $2 / $2 | 688 / 700 | 9 / 1 | 7 | 25 |
| 2 Beds | $1,675 | $1,695 | $1,395 – $1,995 | $2 / $2 | 966 / 950 | 26 / 1 | 14 | 20 |
| 3 Beds | $2,412 | $2,250 | $1,950 – $2,850 | $2 / $2 | 1,352 / 1,115 | 49 / 1 | 2 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$390,000Median DOM:83New:5Total:41
Jan 2026
Median Price:$445,000Median DOM:72New:11Total:43
Feb 2026
Median Price:$459,900Median DOM:30New:14Total:46
Mar 2026
Median Price:$445,000Median DOM:44New:12Total:47
Apr 2026
Median Price:$434,900Median DOM:44New:14Total:55
May 2026
Median Price:$429,900Median DOM:38New:5Total:59
6-Month Rental Trend
Dec 2025
Median Rent:$1,550Median DOM:13New:9Total:21
Jan 2026
Median Rent:$1,695Median DOM:1New:11Total:26
Feb 2026
Median Rent:$1,595Median DOM:1New:17Total:30
Mar 2026
Median Rent:$1,525Median DOM:1New:11Total:31
Apr 2026
Median Rent:$1,595Median DOM:1New:31Total:47
May 2026
Median Rent:$1,595Median DOM:1New:23Total:50
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
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