ZIP 97034 Housing Market Report
Portland Metro
Report period: August 2026
97034 Monthly Market Update – August 2026
ZIP 97034 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,395,000
−0.3%
Median DOM (Sales)
73
+1.4%
New Listings (Sales)
18
−55.0%
Median Rent
$2,584
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
92
−2.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (59 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,385,000 median)
Sales Market Overview
Median Price
$1,395,000
−0.3%
Median DOM
73
+1.4%
New Listings
18
−55.0%
Inventory
278
−0.7%
- Average Price: $1,764,361
- Median Price: $1,395,000
- Price Range: $250,000 – $6,680,000
- Price per Sq Ft (Avg/Median): $538 / $487
- Square Footage (Avg/Median): 3,261 / 3,129
- Square Footage Range: 700 – 9,124
- Days on Market (Avg/Median): 87 / 73
- Days on Market Range: 2 – 351
- New Listings: 18
- Total Listings: 278
Sales by Property Type
Condo
Avg/Median Price$870,455 / $650,000Range$309,900 – $2,299,999Price per Sq Ft$584 / $487Sq Ft1,463 / 1,305DOM107 / 90New3Total38
Land
Avg/Median Price$1,347,971 / $1,325,000Range$250,000 – $5,500,000Price per Sq Ft—Sq Ft—DOM146 / 159New1Total21
Single Family
Avg/Median Price$1,990,971 / $1,585,000Range$550,000 – $6,680,000Price per Sq Ft$532 / $487Sq Ft3,622 / 3,438DOM80 / 59New14Total214
Townhouse
Avg/Median Price$607,980 / $650,000Range$425,000 – $750,000Price per Sq Ft$422 / $425Sq Ft1,487 / 1,392DOM76 / 63New0Total5
Sales by Bedroom Count
1 Beds
Avg:$474,450Median:$309,900Range:$309,900 – $639,000PSF:$629 / $345Sq Ft:800 / 700DOM:207 / 130New:0Total:2
2 Beds
Avg:$814,708Median:$650,000Range:$350,000 – $2,299,999PSF:$594 / $525Sq Ft:1,311 / 1,199DOM:100 / 84New:2Total:38
3 Beds
Avg:$1,320,013Median:$978,000Range:$435,000 – $5,500,000PSF:$530 / $481Sq Ft:2,425 / 2,052DOM:66 / 44New:5Total:64
4 Beds
Avg:$1,980,690Median:$1,595,000Range:$650,000 – $6,680,000PSF:$516 / $465Sq Ft:3,665 / 3,438DOM:78 / 66New:6Total:94
5 Beds
Avg:$2,540,236Median:$2,095,000Range:$950,000 – $5,900,000PSF:$542 / $527Sq Ft:4,586 / 4,214DOM:88 / 82New:4Total:49
6 Beds
Avg:$3,513,990Median:$3,385,000Range:$1,150,000 – $5,990,000PSF:$539 / $547Sq Ft:6,223 / 5,505DOM:150 / 121New:0Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $474,450 | $309,900 | $309,900 – $639,000 | $629 / $345 | 800 / 700 | 207 / 130 | 0 | 2 |
| 2 Beds | $814,708 | $650,000 | $350,000 – $2,299,999 | $594 / $525 | 1,311 / 1,199 | 100 / 84 | 2 | 38 |
| 3 Beds | $1,320,013 | $978,000 | $435,000 – $5,500,000 | $530 / $481 | 2,425 / 2,052 | 66 / 44 | 5 | 64 |
| 4 Beds | $1,980,690 | $1,595,000 | $650,000 – $6,680,000 | $516 / $465 | 3,665 / 3,438 | 78 / 66 | 6 | 94 |
| 5 Beds | $2,540,236 | $2,095,000 | $950,000 – $5,900,000 | $542 / $527 | 4,586 / 4,214 | 88 / 82 | 4 | 49 |
| 6 Beds | $3,513,990 | $3,385,000 | $1,150,000 – $5,990,000 | $539 / $547 | 6,223 / 5,505 | 150 / 121 | 0 | 10 |
Rental Market Overview
Median Rent
$2,584
0.0%
Median DOM
1
0.0%
New Listings
39
Inventory
92
−2.1%
- Average Rent: $3,146
- Median Rent: $2,584
- Rent Range: $1,195 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,447 / 1,277
- Square Footage Range: 435 – 3,800
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 358
- New Listings: 39
- Total Listings: 92
Rentals by Property Type
Apartment
$2,414
Median DOM: 1
Inventory: 61
MoM: 0.0%
Condo
$2,400
Median DOM: 42
Inventory: 1
MoM: 0.0%
Single Family
$4,975
Median DOM: 1
Inventory: 27
MoM: 0.0%
Townhouse
$3,500
Median DOM: 358
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,473 / $2,414Range$1,195 – $6,400Rent per Sq Ft$2 / $2Sq Ft1,021 / 922DOM15 / 1New23Total61
Condo
Avg/Median Rent$2,400 / $2,400Range$2,400 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,305 / 1,305DOM42 / 42New0Total1
Multi-Family
Avg/Median Rent$2,495 / $2,495Range$2,495 – $2,495Rent per Sq Ft$3 / $3Sq Ft952 / 952DOM1 / 1New1Total2
Single Family
Avg/Median Rent$4,728 / $4,975Range$1,225 – $7,500Rent per Sq Ft$2 / $2Sq Ft2,435 / 2,428DOM3 / 1New15Total27
Townhouse
Avg/Median Rent$3,500 / $3,500Range$3,500 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,863 / 1,863DOM358 / 358New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,550Median:$1,225Range:$1,195 – $2,230PSF:$3 / $3Sq Ft:517 / 450DOM:71 / 85New:1Total:3
1 Beds
Avg:$2,238Median:$2,076Range:$1,275 – $3,130PSF:$3 / $2Sq Ft:852 / 922DOM:18 / 1New:13Total:35
2 Beds
Avg:$2,904Median:$2,495Range:$2,045 – $5,200PSF:$2 / $2Sq Ft:1,239 / 1,289DOM:5 / 1New:12Total:30
3 Beds
Avg:$4,400Median:$4,000Range:$3,500 – $6,400PSF:$2 / $2Sq Ft:2,046 / 1,933DOM:61 / 1New:3Total:7
4 Beds
Avg:$5,084Median:$4,995Range:$3,495 – $7,500PSF:$2 / $2Sq Ft:2,844 / 2,732DOM:2 / 1New:7Total:13
5 Beds
Avg:$5,600Median:$5,300Range:$4,100 – $7,000PSF:$2 / $2Sq Ft:3,322 / 3,329DOM:1 / 1New:3Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,550 | $1,225 | $1,195 – $2,230 | $3 / $3 | 517 / 450 | 71 / 85 | 1 | 3 |
| 1 Beds | $2,238 | $2,076 | $1,275 – $3,130 | $3 / $2 | 852 / 922 | 18 / 1 | 13 | 35 |
| 2 Beds | $2,904 | $2,495 | $2,045 – $5,200 | $2 / $2 | 1,239 / 1,289 | 5 / 1 | 12 | 30 |
| 3 Beds | $4,400 | $4,000 | $3,500 – $6,400 | $2 / $2 | 2,046 / 1,933 | 61 / 1 | 3 | 7 |
| 4 Beds | $5,084 | $4,995 | $3,495 – $7,500 | $2 / $2 | 2,844 / 2,732 | 2 / 1 | 7 | 13 |
| 5 Beds | $5,600 | $5,300 | $4,100 – $7,000 | $2 / $2 | 3,322 / 3,329 | 1 / 1 | 3 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$1,475,000Median DOM:46New:50Total:201
Apr 2026
Median Price:$1,395,000Median DOM:42New:69Total:239
May 2026
Median Price:$1,475,000Median DOM:46New:59Total:261
Jun 2026
Median Price:$1,450,000Median DOM:60New:59Total:274
Jul 2026
Median Price:$1,399,000Median DOM:72New:40Total:280
Aug 2026
Median Price:$1,395,000Median DOM:73New:18Total:278
6-Month Rental Trend
Mar 2026
Median Rent:$2,850Median DOM:1New:17Total:39
Apr 2026
Median Rent:$2,631Median DOM:1New:52Total:74
May 2026
Median Rent:$2,591Median DOM:1New:50Total:80
Jun 2026
Median Rent:$2,664Median DOM:1New:52Total:81
Jul 2026
Median Rent:$2,584Median DOM:1New:66Total:94
Aug 2026
Median Rent:$2,584Median DOM:1New:39Total:92
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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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