ZIP 97024 Housing Market Report
Portland Metro
Report period: July 2026
97024 Monthly Market Update – July 2026
ZIP 97024 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$399,999
−5.9%
Median DOM (Sales)
56
+5.7%
New Listings (Sales)
9
−10.0%
Median Rent
$1,525
+1.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
44
−8.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (2 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($639,900 median)
Sales Market Overview
Median Price
$399,999
−5.9%
Median DOM
56
+5.7%
New Listings
9
−10.0%
Inventory
60
+9.1%
- Average Price: $419,985
- Median Price: $399,999
- Price Range: $58,000 – $1,450,000
- Price per Sq Ft (Avg/Median): $224 / $254
- Square Footage (Avg/Median): 1,786 / 1,540
- Square Footage Range: 460 – 4,353
- Days on Market (Avg/Median): 66 / 56
- Days on Market Range: 1 – 268
- New Listings: 9
- Total Listings: 60
Sales by Property Type
Condo
Avg/Median Price$339,900 / $339,900Range$339,900 – $339,900Price per Sq Ft$182 / $182Sq Ft1,869 / 1,869DOM2 / 2New1Total1
Land
Avg/Median Price$599,900 / $599,900Range$599,900 – $599,900Price per Sq Ft—Sq Ft—DOM101 / 101New0Total1
Manufactured
Avg/Median Price$123,306 / $82,000Range$58,000 – $399,900Price per Sq Ft$98 / $75Sq Ft1,247 / 1,344DOM86 / 64New2Total16
Multi-Family
Avg/Median Price$750,000 / $750,000Range$750,000 – $750,000Price per Sq Ft$172 / $172Sq Ft4,353 / 4,353DOM43 / 43New0Total1
Single Family
Avg/Median Price$620,996 / $575,000Range$424,900 – $1,450,000Price per Sq Ft$285 / $293Sq Ft2,179 / 2,055DOM55 / 42New4Total25
Townhouse
Avg/Median Price$375,719 / $374,900Range$299,999 – $510,000Price per Sq Ft$253 / $252Sq Ft1,510 / 1,496DOM67 / 58New2Total16
Sales by Bedroom Count
2 Beds
Avg:$204,580Median:$135,000Range:$58,000 – $389,999PSF:$160 / $126Sq Ft:1,251 / 1,344DOM:61 / 44New:2Total:15
3 Beds
Avg:$450,226Median:$424,900Range:$79,000 – $1,450,000PSF:$248 / $267Sq Ft:1,775 / 1,540DOM:66 / 50New:6Total:35
4 Beds
Avg:$641,588Median:$610,000Range:$430,000 – $950,000PSF:$239 / $214Sq Ft:2,742 / 2,353DOM:75 / 59New:1Total:8
5 Beds
Avg:$639,900Median:$639,900Range:$639,900 – $639,900PSF:$256 / $256Sq Ft:2,501 / 2,501DOM:38 / 38New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $204,580 | $135,000 | $58,000 – $389,999 | $160 / $126 | 1,251 / 1,344 | 61 / 44 | 2 | 15 |
| 3 Beds | $450,226 | $424,900 | $79,000 – $1,450,000 | $248 / $267 | 1,775 / 1,540 | 66 / 50 | 6 | 35 |
| 4 Beds | $641,588 | $610,000 | $430,000 – $950,000 | $239 / $214 | 2,742 / 2,353 | 75 / 59 | 1 | 8 |
| 5 Beds | $639,900 | $639,900 | $639,900 – $639,900 | $256 / $256 | 2,501 / 2,501 | 38 / 38 | 0 | 1 |
Rental Market Overview
Median Rent
$1,525
+1.7%
Median DOM
1
0.0%
New Listings
8
Inventory
44
−8.3%
- Average Rent: $1,647
- Median Rent: $1,525
- Rent Range: $1,195 – $2,795
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 901 / 950
- Square Footage Range: 455 – 1,611
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 256
- New Listings: 8
- Total Listings: 44
Rentals by Property Type
Apartment
$1,500
Median DOM: 1
Inventory: 32
MoM: +1.7%
Condo
$1,695
Median DOM: 1
Inventory: 4
MoM: +1.7%
Single Family
$1,460
Median DOM: 1
Inventory: 5
MoM: +1.7%
Townhouse
$1,495
Median DOM: 11
Inventory: 2
MoM: +1.7%
Apartment
Avg/Median Rent$1,582 / $1,500Range$1,195 – $1,995Rent per Sq Ft$2 / $2Sq Ft879 / 950DOM31 / 1New7Total32
Condo
Avg/Median Rent$1,720 / $1,695Range$1,595 – $1,795Rent per Sq Ft$2 / $2Sq Ft934 / 1,027DOM1 / 1New0Total4
Multi-Family
Avg/Median Rent$2,250 / $2,250Range$2,250 – $2,250Rent per Sq Ft$2 / $2Sq Ft1,100 / 1,100DOM1 / 1New0Total1
Single Family
Avg/Median Rent$1,724 / $1,460Range$1,420 – $2,795Rent per Sq Ft$2 / $2Sq Ft848 / 728DOM1 / 1New1Total5
Townhouse
Avg/Median Rent$2,045 / $1,495Range$1,495 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,225 / 864DOM27 / 11New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,225Median:$1,225Range:$1,225 – $1,225PSF:$3 / $3Sq Ft:455 / 455DOM:205 / 205New:0Total:1
1 Beds
Avg:$1,469Median:$1,475Range:$1,195 – $1,595PSF:$2 / $2Sq Ft:671 / 655DOM:10 / 1New:3Total:14
2 Beds
Avg:$1,645Median:$1,650Range:$1,400 – $1,995PSF:$2 / $2Sq Ft:976 / 950DOM:14 / 1New:5Total:25
3 Beds
Avg:$2,384Median:$2,250Range:$1,895 – $2,795PSF:$2 / $2Sq Ft:1,353 / 1,115DOM:67 / 1New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,225 | $1,225 | $1,225 – $1,225 | $3 / $3 | 455 / 455 | 205 / 205 | 0 | 1 |
| 1 Beds | $1,469 | $1,475 | $1,195 – $1,595 | $2 / $2 | 671 / 655 | 10 / 1 | 3 | 14 |
| 2 Beds | $1,645 | $1,650 | $1,400 – $1,995 | $2 / $2 | 976 / 950 | 14 / 1 | 5 | 25 |
| 3 Beds | $2,384 | $2,250 | $1,895 – $2,795 | $2 / $2 | 1,353 / 1,115 | 67 / 1 | 0 | 4 |
6-Month Sales Trend
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:$430,000Median DOM:37New:15Total:58
Jun 2026
Median Price:$424,900Median DOM:53New:10Total:55
Jul 2026
Median Price:$399,999Median DOM:56New:9Total:60
6-Month Rental Trend
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:30Total:49
Jun 2026
Median Rent:$1,500Median DOM:1New:23Total:48
Jul 2026
Median Rent:$1,525Median DOM:1New:8Total:44
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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