ZIP 97202 Housing Market Report
Portland Metro
Report period: August 2026
97202 Monthly Market Update – August 2026
ZIP 97202 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$659,900
−2.2%
Median DOM (Sales)
35
−10.3%
New Listings (Sales)
14
−64.1%
Median Rent
$1,595
+2.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
414
+3.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,000,000 median)
Sales Market Overview
Median Price
$659,900
−2.2%
Median DOM
35
−10.3%
New Listings
14
−64.1%
Inventory
205
−1.4%
- Average Price: $736,166
- Median Price: $659,900
- Price Range: $239,900 – $4,647,484
- Price per Sq Ft (Avg/Median): $360 / $346
- Square Footage (Avg/Median): 2,134 / 2,036
- Square Footage Range: 695 – 4,856
- Days on Market (Avg/Median): 55 / 35
- Days on Market Range: 2 – 344
- New Listings: 14
- Total Listings: 205
Sales by Property Type
Condo
Avg/Median Price$431,744 / $349,900Range$239,900 – $880,000Price per Sq Ft$369 / $369Sq Ft1,204 / 925DOM65 / 46New3Total31
Land
Avg/Median Price$753,700 / $415,000Range$399,900 – $1,599,999Price per Sq Ft—Sq Ft—DOM75 / 34New0Total4
Multi-Family
Avg/Median Price$855,745 / $795,000Range$569,900 – $1,649,900Price per Sq Ft$337 / $289Sq Ft2,793 / 2,700DOM88 / 46New2Total28
Single Family
Avg/Median Price$834,318 / $737,500Range$349,900 – $4,647,484Price per Sq Ft$362 / $339Sq Ft2,372 / 2,334DOM45 / 30New7Total118
Townhouse
Avg/Median Price$504,365 / $449,900Range$399,900 – $750,000Price per Sq Ft$364 / $350Sq Ft1,456 / 1,261DOM57 / 31New2Total24
Sales by Bedroom Count
Studio
Avg:$699,000Median:$699,000Range:$699,000 – $699,000PSF:—Sq Ft:—DOM:55 / 55New:0Total:1
1 Beds
Avg:$443,000Median:$390,000Range:$369,000 – $570,000PSF:$491 / $505Sq Ft:905 / 893DOM:68 / 68New:0Total:3
2 Beds
Avg:$473,192Median:$425,000Range:$239,900 – $1,200,000PSF:$384 / $380Sq Ft:1,297 / 1,026DOM:53 / 39New:3Total:60
3 Beds
Avg:$633,834Median:$599,000Range:$379,000 – $1,099,999PSF:$353 / $338Sq Ft:1,874 / 1,925DOM:43 / 30New:6Total:51
4 Beds
Avg:$967,260Median:$800,000Range:$450,000 – $4,647,484PSF:$346 / $325Sq Ft:2,802 / 2,690DOM:51 / 43New:5Total:60
5 Beds
Avg:$1,054,284Median:$1,000,000Range:$574,900 – $1,750,000PSF:$361 / $343Sq Ft:3,013 / 2,764DOM:65 / 49New:0Total:16
6 Beds
Avg:$966,650Median:$875,000Range:$675,000 – $1,649,900PSF:$266 / $250Sq Ft:3,680 / 3,309DOM:174 / 10New:0Total:6
7 Beds
Avg:$1,112,500Median:$850,000Range:$775,000 – $1,599,999PSF:$332 / $292Sq Ft:3,586 / 3,626DOM:83 / 28New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $699,000 | $699,000 | $699,000 – $699,000 | — | — | 55 / 55 | 0 | 1 |
| 1 Beds | $443,000 | $390,000 | $369,000 – $570,000 | $491 / $505 | 905 / 893 | 68 / 68 | 0 | 3 |
| 2 Beds | $473,192 | $425,000 | $239,900 – $1,200,000 | $384 / $380 | 1,297 / 1,026 | 53 / 39 | 3 | 60 |
| 3 Beds | $633,834 | $599,000 | $379,000 – $1,099,999 | $353 / $338 | 1,874 / 1,925 | 43 / 30 | 6 | 51 |
| 4 Beds | $967,260 | $800,000 | $450,000 – $4,647,484 | $346 / $325 | 2,802 / 2,690 | 51 / 43 | 5 | 60 |
| 5 Beds | $1,054,284 | $1,000,000 | $574,900 – $1,750,000 | $361 / $343 | 3,013 / 2,764 | 65 / 49 | 0 | 16 |
| 6 Beds | $966,650 | $875,000 | $675,000 – $1,649,900 | $266 / $250 | 3,680 / 3,309 | 174 / 10 | 0 | 6 |
| 7 Beds | $1,112,500 | $850,000 | $775,000 – $1,599,999 | $332 / $292 | 3,586 / 3,626 | 83 / 28 | 0 | 4 |
Rental Market Overview
Median Rent
$1,595
+2.9%
Median DOM
1
0.0%
New Listings
137
Inventory
414
+3.2%
- Average Rent: $1,848
- Median Rent: $1,595
- Rent Range: $845 – $6,819
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 857 / 765
- Square Footage Range: 268 – 4,303
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 341
- New Listings: 137
- Total Listings: 414
Rentals by Property Type
Apartment
$1,495
Median DOM: 1
Inventory: 340
MoM: +2.9%
Condo
$1,495
Median DOM: 1
Inventory: 10
MoM: +2.9%
Single Family
$2,795
Median DOM: 1
Inventory: 52
MoM: +2.9%
Townhouse
$2,125
Median DOM: 1
Inventory: 10
MoM: +2.9%
Apartment
Avg/Median Rent$1,685 / $1,495Range$845 – $6,819Rent per Sq Ft$2 / $2Sq Ft742 / 704DOM33 / 1New111Total340
Condo
Avg/Median Rent$1,680 / $1,495Range$1,025 – $2,995Rent per Sq Ft$2 / $3Sq Ft694 / 650DOM11 / 1New2Total10
Multi-Family
Avg/Median Rent$2,595 / $2,395Range$2,395 – $2,795Rent per Sq Ft$2 / $1Sq Ft1,625 / 1,568DOM13 / 7New0Total2
Single Family
Avg/Median Rent$2,839 / $2,795Range$1,045 – $5,200Rent per Sq Ft$2 / $2Sq Ft1,503 / 1,326DOM2 / 1New23Total52
Townhouse
Avg/Median Rent$2,264 / $2,125Range$1,000 – $4,245Rent per Sq Ft$2 / $2Sq Ft1,101 / 864DOM5 / 1New1Total10
Rentals by Bedroom Count
Studio
Avg:$1,268Median:$1,275Range:$845 – $1,644PSF:$3 / $3Sq Ft:437 / 438DOM:53 / 1New:18Total:48
1 Beds
Avg:$1,420Median:$1,395Range:$895 – $2,745PSF:$2 / $2Sq Ft:606 / 590DOM:32 / 1New:43Total:159
2 Beds
Avg:$2,042Median:$1,950Range:$1,225 – $5,000PSF:$2 / $2Sq Ft:948 / 886DOM:17 / 1New:60Total:166
3 Beds
Avg:$2,983Median:$2,895Range:$1,595 – $4,395PSF:$2 / $2Sq Ft:1,548 / 1,500DOM:21 / 1New:10Total:30
4 Beds
Avg:$4,579Median:$3,995Range:$2,895 – $6,819PSF:$2 / $2Sq Ft:2,133 / 2,150DOM:68 / 1New:4Total:8
5 Beds
Avg:$4,448Median:$4,195Range:$4,150 – $5,000PSF:$2 / $1Sq Ft:3,010 / 2,796DOM:3 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,268 | $1,275 | $845 – $1,644 | $3 / $3 | 437 / 438 | 53 / 1 | 18 | 48 |
| 1 Beds | $1,420 | $1,395 | $895 – $2,745 | $2 / $2 | 606 / 590 | 32 / 1 | 43 | 159 |
| 2 Beds | $2,042 | $1,950 | $1,225 – $5,000 | $2 / $2 | 948 / 886 | 17 / 1 | 60 | 166 |
| 3 Beds | $2,983 | $2,895 | $1,595 – $4,395 | $2 / $2 | 1,548 / 1,500 | 21 / 1 | 10 | 30 |
| 4 Beds | $4,579 | $3,995 | $2,895 – $6,819 | $2 / $2 | 2,133 / 2,150 | 68 / 1 | 4 | 8 |
| 5 Beds | $4,448 | $4,195 | $4,150 – $5,000 | $2 / $1 | 3,010 / 2,796 | 3 / 1 | 2 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$615,000Median DOM:29New:53Total:179
Apr 2026
Median Price:$649,900Median DOM:21New:76Total:207
May 2026
Median Price:$650,000Median DOM:22New:67Total:231
Jun 2026
Median Price:$675,000Median DOM:26New:68Total:230
Jul 2026
Median Price:$675,000Median DOM:39New:39Total:208
Aug 2026
Median Price:$659,900Median DOM:35New:14Total:205
6-Month Rental Trend
Mar 2026
Median Rent:$1,600Median DOM:1New:169Total:358
Apr 2026
Median Rent:$1,595Median DOM:1New:175Total:354
May 2026
Median Rent:$1,499Median DOM:1New:192Total:357
Jun 2026
Median Rent:$1,525Median DOM:1New:222Total:397
Jul 2026
Median Rent:$1,550Median DOM:1New:193Total:401
Aug 2026
Median Rent:$1,595Median DOM:1New:137Total:414
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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