ZIP 97202 Housing Market Report
Portland Metro
Report period: July 2026
97202 Monthly Market Update – July 2026
ZIP 97202 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$669,000
−0.9%
Median DOM (Sales)
29
+11.5%
New Listings (Sales)
16
−76.5%
Median Rent
$1,522
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
402
+1.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($995,000 median)
Sales Market Overview
Median Price
$669,000
−0.9%
Median DOM
29
+11.5%
New Listings
16
−76.5%
Inventory
219
−4.8%
- Average Price: $749,244
- Median Price: $669,000
- Price Range: $259,900 – $4,948,474
- Price per Sq Ft (Avg/Median): $361 / $345
- Square Footage (Avg/Median): 2,158 / 2,036
- Square Footage Range: 695 – 4,856
- Days on Market (Avg/Median): 55 / 29
- Days on Market Range: 1 – 358
- New Listings: 16
- Total Listings: 219
Sales by Property Type
Condo
Avg/Median Price$418,903 / $344,900Range$259,900 – $880,000Price per Sq Ft$363 / $375Sq Ft1,177 / 925DOM101 / 46New1Total33
Land
Avg/Median Price$753,700 / $415,000Range$399,900 – $1,599,999Price per Sq Ft—Sq Ft—DOM60 / 4New1Total4
Multi-Family
Avg/Median Price$872,466 / $840,000Range$569,900 – $1,649,900Price per Sq Ft$349 / $304Sq Ft2,774 / 2,937DOM74 / 47New2Total28
Single Family
Avg/Median Price$851,375 / $749,000Range$350,000 – $4,948,474Price per Sq Ft$362 / $333Sq Ft2,411 / 2,334DOM41 / 23New11Total130
Townhouse
Avg/Median Price$505,752 / $450,000Range$399,900 – $775,000Price per Sq Ft$364 / $350Sq Ft1,477 / 1,261DOM52 / 31New1Total24
Sales by Bedroom Count
Studio
Avg:$699,000Median:$699,000Range:$699,000 – $699,000PSF:—Sq Ft:—DOM:25 / 25New:0Total:1
1 Beds
Avg:$443,000Median:$390,000Range:$369,000 – $570,000PSF:$491 / $505Sq Ft:905 / 893DOM:48 / 38New:0Total:3
2 Beds
Avg:$479,294Median:$425,000Range:$259,900 – $1,250,000PSF:$384 / $376Sq Ft:1,297 / 1,033DOM:64 / 27New:5Total:69
3 Beds
Avg:$651,840Median:$619,950Range:$350,000 – $1,255,000PSF:$345 / $335Sq Ft:1,978 / 1,960DOM:49 / 32New:4Total:49
4 Beds
Avg:$983,375Median:$829,900Range:$450,000 – $4,948,474PSF:$348 / $325Sq Ft:2,839 / 2,868DOM:39 / 26New:5Total:66
5 Beds
Avg:$1,049,268Median:$995,000Range:$574,900 – $1,795,000PSF:$359 / $343Sq Ft:3,016 / 2,763DOM:58 / 23New:1Total:17
6 Beds
Avg:$1,194,317Median:$930,000Range:$675,000 – $1,895,000PSF:$322 / $281Sq Ft:3,604 / 3,309DOM:158 / 8New:0Total:6
7 Beds
Avg:$1,075,000Median:$850,000Range:$775,000 – $1,599,999PSF:$353 / $264Sq Ft:3,282 / 2,937DOM:98 / 90New:0Total:3
8 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:$207 / $207Sq Ft:4,348 / 4,348DOM:31 / 31New:0Total:1
| 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 | — | — | 25 / 25 | 0 | 1 |
| 1 Beds | $443,000 | $390,000 | $369,000 – $570,000 | $491 / $505 | 905 / 893 | 48 / 38 | 0 | 3 |
| 2 Beds | $479,294 | $425,000 | $259,900 – $1,250,000 | $384 / $376 | 1,297 / 1,033 | 64 / 27 | 5 | 69 |
| 3 Beds | $651,840 | $619,950 | $350,000 – $1,255,000 | $345 / $335 | 1,978 / 1,960 | 49 / 32 | 4 | 49 |
| 4 Beds | $983,375 | $829,900 | $450,000 – $4,948,474 | $348 / $325 | 2,839 / 2,868 | 39 / 26 | 5 | 66 |
| 5 Beds | $1,049,268 | $995,000 | $574,900 – $1,795,000 | $359 / $343 | 3,016 / 2,763 | 58 / 23 | 1 | 17 |
| 6 Beds | $1,194,317 | $930,000 | $675,000 – $1,895,000 | $322 / $281 | 3,604 / 3,309 | 158 / 8 | 0 | 6 |
| 7 Beds | $1,075,000 | $850,000 | $775,000 – $1,599,999 | $353 / $264 | 3,282 / 2,937 | 98 / 90 | 0 | 3 |
| 8 Beds | $899,000 | $899,000 | $899,000 – $899,000 | $207 / $207 | 4,348 / 4,348 | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$1,522
−0.2%
Median DOM
1
0.0%
New Listings
140
Inventory
402
+1.3%
- Average Rent: $1,762
- Median Rent: $1,522
- Rent Range: $895 – $6,819
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 815 / 735
- Square Footage Range: 268 – 4,303
- Days on Market (Avg/Median): 27 / 1
- Days on Market Range: 1 – 311
- New Listings: 140
- Total Listings: 402
Rentals by Property Type
Apartment
$1,475
Median DOM: 1
Inventory: 334
MoM: −0.2%
Condo
$1,495
Median DOM: 1
Inventory: 15
MoM: −0.2%
Single Family
$2,700
Median DOM: 1
Inventory: 47
MoM: −0.2%
Townhouse
$2,199
Median DOM: 1
Inventory: 4
MoM: −0.2%
Apartment
Avg/Median Rent$1,611 / $1,475Range$895 – $6,819Rent per Sq Ft$2 / $2Sq Ft710 / 687DOM32 / 1New110Total334
Condo
Avg/Median Rent$1,602 / $1,495Range$1,025 – $2,995Rent per Sq Ft$2 / $3Sq Ft668 / 650DOM7 / 1New6Total15
Multi-Family
Avg/Median Rent$2,095 / $1,695Range$1,695 – $2,495Rent per Sq Ft$2 / $1Sq Ft1,222 / 1,168DOM3 / 1New0Total2
Single Family
Avg/Median Rent$2,838 / $2,700Range$1,445 – $5,200Rent per Sq Ft$2 / $2Sq Ft1,502 / 1,310DOM4 / 1New21Total47
Townhouse
Avg/Median Rent$2,148 / $2,199Range$1,500 – $2,695Rent per Sq Ft$2 / $2Sq Ft980 / 864DOM1 / 1New3Total4
Rentals by Bedroom Count
Studio
Avg:$1,259Median:$1,264Range:$895 – $1,599PSF:$3 / $3Sq Ft:438 / 438DOM:38 / 1New:16Total:48
1 Beds
Avg:$1,393Median:$1,375Range:$895 – $2,825PSF:$2 / $2Sq Ft:600 / 567DOM:34 / 1New:51Total:164
2 Beds
Avg:$1,955Median:$1,850Range:$1,225 – $4,495PSF:$2 / $2Sq Ft:924 / 886DOM:16 / 1New:60Total:158
3 Beds
Avg:$2,911Median:$2,825Range:$1,895 – $4,032PSF:$2 / $2Sq Ft:1,547 / 1,216DOM:18 / 1New:8Total:22
4 Beds
Avg:$4,973Median:$4,500Range:$2,995 – $6,819PSF:$3 / $2Sq Ft:2,062 / 2,000DOM:91 / 1New:3Total:6
5 Beds
Avg:$4,160Median:$4,150Range:$3,295 – $5,000PSF:$2 / $1Sq Ft:2,672 / 1,930DOM:3 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,259 | $1,264 | $895 – $1,599 | $3 / $3 | 438 / 438 | 38 / 1 | 16 | 48 |
| 1 Beds | $1,393 | $1,375 | $895 – $2,825 | $2 / $2 | 600 / 567 | 34 / 1 | 51 | 164 |
| 2 Beds | $1,955 | $1,850 | $1,225 – $4,495 | $2 / $2 | 924 / 886 | 16 / 1 | 60 | 158 |
| 3 Beds | $2,911 | $2,825 | $1,895 – $4,032 | $2 / $2 | 1,547 / 1,216 | 18 / 1 | 8 | 22 |
| 4 Beds | $4,973 | $4,500 | $2,995 – $6,819 | $3 / $2 | 2,062 / 2,000 | 91 / 1 | 3 | 6 |
| 5 Beds | $4,160 | $4,150 | $3,295 – $5,000 | $2 / $1 | 2,672 / 1,930 | 3 / 1 | 2 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$550,000Median DOM:57New:42Total:159
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:$669,000Median DOM:29New:16Total:219
6-Month Rental Trend
Feb 2026
Median Rent:$1,595Median DOM:1New:175Total:373
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:$1,522Median DOM:1New:140Total:402
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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