ZIP 97024 Housing Market Report
Portland Metro
Report period: August 2026
97024 Monthly Market Update – August 2026
ZIP 97024 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$424,900
+2.4%
Median DOM (Sales)
50
+11.1%
New Listings (Sales)
5
−75.0%
Median Rent
$1,500
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
37
−9.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (34 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($669,700 median)
Sales Market Overview
Median Price
$424,900
+2.4%
Median DOM
50
+11.1%
New Listings
5
−75.0%
Inventory
65
+3.2%
- Average Price: $418,014
- Median Price: $424,900
- Price Range: $55,000 – $1,150,000
- Price per Sq Ft (Avg/Median): $230 / $255
- Square Footage (Avg/Median): 1,739 / 1,524
- Square Footage Range: 460 – 4,353
- Days on Market (Avg/Median): 66 / 50
- Days on Market Range: 3 – 298
- New Listings: 5
- Total Listings: 65
Sales by Property Type
Land
Avg/Median Price$599,900 / $599,900Range$599,900 – $599,900Price per Sq Ft—Sq Ft—DOM131 / 131New0Total1
Manufactured
Avg/Median Price$126,933 / $79,999Range$55,000 – $399,900Price per Sq Ft$99 / $65Sq Ft1,228 / 1,296DOM79 / 53New1Total18
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$598,915 / $549,000Range$424,900 – $1,150,000Price per Sq Ft$298 / $303Sq Ft2,045 / 1,942DOM52 / 34New4Total30
Townhouse
Avg/Median Price$371,250 / $379,000Range$299,999 – $499,000Price per Sq Ft$249 / $254Sq Ft1,531 / 1,496DOM77 / 74New0Total15
Sales by Bedroom Count
2 Beds
Avg:$199,922Median:$82,000Range:$55,000 – $439,000PSF:$157 / $114Sq Ft:1,230 / 1,344DOM:60 / 51New:1Total:18
3 Beds
Avg:$432,252Median:$439,000Range:$69,000 – $865,000PSF:$261 / $281Sq Ft:1,670 / 1,524DOM:69 / 45New:2Total:33
4 Beds
Avg:$700,691Median:$669,700Range:$430,000 – $1,150,000PSF:$264 / $255Sq Ft:2,693 / 2,482DOM:65 / 43New:2Total:11
5 Beds
Avg:$500,250Median:$385,000Range:$385,000 – $615,500PSF:$227 / $208Sq Ft:2,174 / 1,848DOM:43 / 17New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $199,922 | $82,000 | $55,000 – $439,000 | $157 / $114 | 1,230 / 1,344 | 60 / 51 | 1 | 18 |
| 3 Beds | $432,252 | $439,000 | $69,000 – $865,000 | $261 / $281 | 1,670 / 1,524 | 69 / 45 | 2 | 33 |
| 4 Beds | $700,691 | $669,700 | $430,000 – $1,150,000 | $264 / $255 | 2,693 / 2,482 | 65 / 43 | 2 | 11 |
| 5 Beds | $500,250 | $385,000 | $385,000 – $615,500 | $227 / $208 | 2,174 / 1,848 | 43 / 17 | 0 | 2 |
Rental Market Overview
Median Rent
$1,500
0.0%
Median DOM
1
0.0%
New Listings
8
Inventory
37
−9.8%
- Average Rent: $1,578
- Median Rent: $1,500
- Rent Range: $950 – $2,795
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 868 / 894
- Square Footage Range: 428 – 1,611
- Days on Market (Avg/Median): 41 / 1
- Days on Market Range: 1 – 286
- New Listings: 8
- Total Listings: 37
Rentals by Property Type
Apartment
$1,500
Median DOM: 1
Inventory: 31
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,460
Median DOM: 1
Inventory: 4
MoM: 0.0%
Townhouse
$1,495
Median DOM: 11
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,537 / $1,500Range$1,100 – $2,100Rent per Sq Ft$2 / $2Sq Ft842 / 950DOM47 / 1New7Total31
Single Family
Avg/Median Rent$1,666 / $1,460Range$950 – $2,795Rent per Sq Ft$2 / $2Sq Ft892 / 728DOM1 / 1New1Total4
Townhouse
Avg/Median Rent$2,045 / $1,495Range$1,495 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,225 / 864DOM30 / 11New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,300Median:$1,300Range:$1,300 – $1,300PSF:$3 / $3Sq Ft:428 / 428DOM:235 / 235New:0Total:1
1 Beds
Avg:$1,399Median:$1,460Range:$950 – $1,595PSF:$2 / $2Sq Ft:673 / 675DOM:65 / 1New:3Total:14
2 Beds
Avg:$1,606Median:$1,525Range:$1,295 – $2,100PSF:$2 / $2Sq Ft:953 / 950DOM:22 / 1New:5Total:20
3 Beds
Avg:$2,695Median:$2,595Range:$2,595 – $2,795PSF:$2 / $2Sq Ft:1,598 / 1,586DOM:6 / 1New:0Total:2
| 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 | 428 / 428 | 235 / 235 | 0 | 1 |
| 1 Beds | $1,399 | $1,460 | $950 – $1,595 | $2 / $2 | 673 / 675 | 65 / 1 | 3 | 14 |
| 2 Beds | $1,606 | $1,525 | $1,295 – $2,100 | $2 / $2 | 953 / 950 | 22 / 1 | 5 | 20 |
| 3 Beds | $2,695 | $2,595 | $2,595 – $2,795 | $2 / $2 | 1,598 / 1,586 | 6 / 1 | 0 | 2 |
6-Month Sales Trend
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:$414,900Median DOM:45New:20Total:63
Aug 2026
Median Price:$424,900Median DOM:50New:5Total:65
6-Month Rental Trend
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:$1,500Median DOM:1New:12Total:41
Aug 2026
Median Rent:$1,500Median DOM:1New:8Total:37
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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