ZIP 97068 Housing Market Report
Portland Metro
Report period: May 2026
97068 Monthly Market Update – May 2026
ZIP 97068 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$808,528
−4.9%
Median DOM (Sales)
32
−13.5%
New Listings (Sales)
29
−57.4%
Median Rent
$1,990
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
61
−3.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (27 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,450,000 median)
Sales Market Overview
Median Price
$808,528
−4.9%
Median DOM
32
−13.5%
New Listings
29
−57.4%
Inventory
247
+8.8%
- Average Price: $1,054,405
- Median Price: $808,528
- Price Range: $115,000 – $7,500,000
- Price per Sq Ft (Avg/Median): $345 / $331
- Square Footage (Avg/Median): 2,832 / 2,726
- Square Footage Range: 602 – 11,076
- Days on Market (Avg/Median): 59 / 32
- Days on Market Range: 2 – 361
- New Listings: 29
- Total Listings: 247
Sales by Property Type
Condo
Avg/Median Price$317,350 / $315,000Range$133,900 – $499,900Price per Sq Ft$293 / $282Sq Ft1,091 / 1,141DOM68 / 38New7Total30
Land
Avg/Median Price$1,295,250 / $999,995Range$115,000 – $2,800,000Price per Sq Ft—Sq Ft—DOM173 / 91New0Total10
Manufactured
Avg/Median Price$425,000 / $425,000Range$425,000 – $425,000Price per Sq Ft$262 / $262Sq Ft1,620 / 1,620DOM—New0Total1
Multi-Family
Avg/Median Price$1,083,332 / $1,100,000Range$699,995 – $1,450,000Price per Sq Ft$316 / $349Sq Ft3,376 / 3,154DOM120 / 91New0Total3
Single Family
Avg/Median Price$1,219,901 / $895,000Range$433,000 – $7,500,000Price per Sq Ft$363 / $345Sq Ft3,193 / 3,054DOM52 / 27New18Total183
Townhouse
Avg/Median Price$552,405 / $499,000Range$425,000 – $799,999Price per Sq Ft$273 / $276Sq Ft2,134 / 1,967DOM55 / 31New4Total20
Sales by Bedroom Count
1 Beds
Avg:$232,533Median:$209,000Range:$198,000 – $299,900PSF:$318 / $317Sq Ft:732 / 723DOM:41 / 14New:4Total:9
2 Beds
Avg:$408,897Median:$394,500Range:$133,900 – $775,000PSF:$307 / $310Sq Ft:1,326 / 1,290DOM:68 / 44New:4Total:29
3 Beds
Avg:$835,246Median:$699,900Range:$403,000 – $2,598,000PSF:$351 / $333Sq Ft:2,403 / 2,200DOM:47 / 25New:8Total:72
4 Beds
Avg:$1,103,659Median:$850,000Range:$489,000 – $7,500,000PSF:$346 / $338Sq Ft:3,059 / 2,979DOM:52 / 20New:10Total:79
5 Beds
Avg:$1,761,650Median:$1,250,000Range:$619,000 – $6,999,000PSF:$379 / $354Sq Ft:4,284 / 4,016DOM:59 / 44New:3Total:37
6 Beds
Avg:$1,325,490Median:$1,095,000Range:$949,000 – $1,750,000PSF:$283 / $235Sq Ft:4,704 / 4,661DOM:69 / 40New:0Total:6
7 Beds
Avg:$2,872,500Median:$1,450,000Range:$1,450,000 – $4,295,000PSF:$379 / $370Sq Ft:7,497 / 3,918DOM:101 / 19New:0Total:2
8 Beds
Avg:$2,443,000Median:$1,100,000Range:$679,000 – $5,550,000PSF:$267 / $185Sq Ft:3,411 / 3,154DOM:146 / 91New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $232,533 | $209,000 | $198,000 – $299,900 | $318 / $317 | 732 / 723 | 41 / 14 | 4 | 9 |
| 2 Beds | $408,897 | $394,500 | $133,900 – $775,000 | $307 / $310 | 1,326 / 1,290 | 68 / 44 | 4 | 29 |
| 3 Beds | $835,246 | $699,900 | $403,000 – $2,598,000 | $351 / $333 | 2,403 / 2,200 | 47 / 25 | 8 | 72 |
| 4 Beds | $1,103,659 | $850,000 | $489,000 – $7,500,000 | $346 / $338 | 3,059 / 2,979 | 52 / 20 | 10 | 79 |
| 5 Beds | $1,761,650 | $1,250,000 | $619,000 – $6,999,000 | $379 / $354 | 4,284 / 4,016 | 59 / 44 | 3 | 37 |
| 6 Beds | $1,325,490 | $1,095,000 | $949,000 – $1,750,000 | $283 / $235 | 4,704 / 4,661 | 69 / 40 | 0 | 6 |
| 7 Beds | $2,872,500 | $1,450,000 | $1,450,000 – $4,295,000 | $379 / $370 | 7,497 / 3,918 | 101 / 19 | 0 | 2 |
| 8 Beds | $2,443,000 | $1,100,000 | $679,000 – $5,550,000 | $267 / $185 | 3,411 / 3,154 | 146 / 91 | 0 | 3 |
Rental Market Overview
Median Rent
$1,990
−0.3%
Median DOM
1
0.0%
New Listings
23
Inventory
61
−3.2%
- Average Rent: $2,274
- Median Rent: $1,990
- Rent Range: $1,025 – $9,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,421 / 1,050
- Square Footage Range: 405 – 10,360
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 290
- New Listings: 23
- Total Listings: 61
Rentals by Property Type
Apartment
$1,695
Median DOM: 1
Inventory: 25
MoM: −0.3%
Condo
$1,695
Median DOM: 1
Inventory: 3
MoM: −0.3%
Single Family
$2,699
Median DOM: 1
Inventory: 29
MoM: −0.3%
Townhouse
$2,200
Median DOM: 1
Inventory: 4
MoM: −0.3%
Apartment
Avg/Median Rent$1,626 / $1,695Range$1,025 – $2,049Rent per Sq Ft$2 / $2Sq Ft841 / 864DOM60 / 1New8Total25
Condo
Avg/Median Rent$1,615 / $1,695Range$1,200 – $1,949Rent per Sq Ft$1 / $2Sq Ft1,121 / 1,120DOM1 / 1New2Total3
Single Family
Avg/Median Rent$2,903 / $2,699Range$1,495 – $9,000Rent per Sq Ft$2 / $2Sq Ft1,949 / 1,592DOM14 / 1New12Total29
Townhouse
Avg/Median Rent$2,260 / $2,200Range$1,995 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,448 / 1,400DOM12 / 1New1Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,446Median:$1,350Range:$1,025 – $1,898PSF:$2 / $2Sq Ft:620 / 592DOM:155 / 111New:1Total:9
2 Beds
Avg:$1,788Median:$1,725Range:$1,200 – $2,395PSF:$2 / $2Sq Ft:953 / 975DOM:32 / 1New:8Total:17
3 Beds
Avg:$2,287Median:$2,250Range:$1,595 – $3,200PSF:$2 / $2Sq Ft:1,452 / 1,280DOM:16 / 1New:9Total:26
4 Beds
Avg:$3,357Median:$2,995Range:$2,775 – $4,099PSF:$2 / $2Sq Ft:2,102 / 1,856DOM:7 / 1New:4Total:8
5 Beds
Avg:$9,000Median:$9,000Range:$9,000 – $9,000PSF:$1 / $1Sq Ft:10,360 / 10,360DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,446 | $1,350 | $1,025 – $1,898 | $2 / $2 | 620 / 592 | 155 / 111 | 1 | 9 |
| 2 Beds | $1,788 | $1,725 | $1,200 – $2,395 | $2 / $2 | 953 / 975 | 32 / 1 | 8 | 17 |
| 3 Beds | $2,287 | $2,250 | $1,595 – $3,200 | $2 / $2 | 1,452 / 1,280 | 16 / 1 | 9 | 26 |
| 4 Beds | $3,357 | $2,995 | $2,775 – $4,099 | $2 / $2 | 2,102 / 1,856 | 7 / 1 | 4 | 8 |
| 5 Beds | $9,000 | $9,000 | $9,000 – $9,000 | $1 / $1 | 10,360 / 10,360 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$869,900Median DOM:89New:18Total:200
Jan 2026
Median Price:$850,000Median DOM:87New:45Total:188
Feb 2026
Median Price:$828,000Median DOM:49New:44Total:192
Mar 2026
Median Price:$850,000Median DOM:51New:54Total:219
Apr 2026
Median Price:$850,000Median DOM:37New:68Total:227
May 2026
Median Price:$808,528Median DOM:32New:29Total:247
6-Month Rental Trend
Dec 2025
Median Rent:$2,250Median DOM:1New:30Total:56
Jan 2026
Median Rent:$2,075Median DOM:1New:26Total:54
Feb 2026
Median Rent:$2,075Median DOM:1New:27Total:50
Mar 2026
Median Rent:$2,050Median DOM:1New:37Total:61
Apr 2026
Median Rent:$1,995Median DOM:1New:32Total:63
May 2026
Median Rent:$1,990Median DOM:1New:23Total:61
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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