ZIP 97212 Housing Market Report
Portland Metro
Report period: August 2026
97212 Monthly Market Update – August 2026
ZIP 97212 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$799,999
−3.0%
Median DOM (Sales)
18
+20.0%
New Listings (Sales)
9
−73.5%
Median Rent
$1,750
−5.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
107
+2.9%
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 (8 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,370,000 median)
Sales Market Overview
Median Price
$799,999
−3.0%
Median DOM
18
+20.0%
New Listings
9
−73.5%
Inventory
128
−1.5%
- Average Price: $917,501
- Median Price: $799,999
- Price Range: $199,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $335 / $314
- Square Footage (Avg/Median): 2,822 / 2,790
- Square Footage Range: 752 – 12,247
- Days on Market (Avg/Median): 46 / 18
- Days on Market Range: 2 – 275
- New Listings: 9
- Total Listings: 128
Sales by Property Type
Condo
Avg/Median Price$480,691 / $405,000Range$284,900 – $1,095,000Price per Sq Ft$379 / $356Sq Ft1,248 / 1,137DOM87 / 24New1Total11
Land
Avg/Median Price$599,500 / $600,000Range$199,000 – $899,000Price per Sq Ft—Sq Ft—DOM88 / 8New1Total4
Multi-Family
Avg/Median Price$1,074,867 / $975,000Range$589,000 – $1,795,000Price per Sq Ft$289 / $243Sq Ft4,064 / 3,438DOM68 / 61New1Total15
Single Family
Avg/Median Price$979,833 / $839,900Range$280,000 – $4,200,000Price per Sq Ft$338 / $314Sq Ft2,880 / 2,845DOM38 / 14New6Total92
Townhouse
Avg/Median Price$581,150 / $500,000Range$474,000 – $695,000Price per Sq Ft$312 / $310Sq Ft1,926 / 1,611DOM46 / 14New0Total6
Sales by Bedroom Count
Studio
Avg:$405,000Median:$405,000Range:$405,000 – $405,000PSF:$356 / $356Sq Ft:1,137 / 1,137DOM:104 / 104New:0Total:1
1 Beds
Avg:$742,500Median:$395,000Range:$395,000 – $1,090,000PSF:$416 / $378Sq Ft:1,877 / 871DOM:8 / 8New:0Total:2
2 Beds
Avg:$499,525Median:$415,000Range:$280,000 – $1,095,000PSF:$371 / $336Sq Ft:1,384 / 1,288DOM:63 / 18New:2Total:20
3 Beds
Avg:$757,183Median:$689,900Range:$359,100 – $1,995,000PSF:$314 / $310Sq Ft:2,427 / 2,398DOM:35 / 11New:3Total:41
4 Beds
Avg:$1,043,855Median:$865,000Range:$449,900 – $2,250,000PSF:$335 / $310Sq Ft:3,112 / 2,964DOM:21 / 12New:2Total:30
5 Beds
Avg:$1,176,088Median:$1,095,000Range:$589,000 – $2,999,999PSF:$322 / $302Sq Ft:3,600 / 3,617DOM:61 / 46New:1Total:17
6 Beds
Avg:$1,639,818Median:$1,370,000Range:$815,000 – $4,200,000PSF:$351 / $329Sq Ft:5,198 / 4,226DOM:94 / 81New:0Total:11
8 Beds
Avg:$1,385,000Median:$975,000Range:$975,000 – $1,795,000PSF:$290 / $290Sq Ft:3,366 / 3,366DOM:108 / 76New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $405,000 | $405,000 | $405,000 – $405,000 | $356 / $356 | 1,137 / 1,137 | 104 / 104 | 0 | 1 |
| 1 Beds | $742,500 | $395,000 | $395,000 – $1,090,000 | $416 / $378 | 1,877 / 871 | 8 / 8 | 0 | 2 |
| 2 Beds | $499,525 | $415,000 | $280,000 – $1,095,000 | $371 / $336 | 1,384 / 1,288 | 63 / 18 | 2 | 20 |
| 3 Beds | $757,183 | $689,900 | $359,100 – $1,995,000 | $314 / $310 | 2,427 / 2,398 | 35 / 11 | 3 | 41 |
| 4 Beds | $1,043,855 | $865,000 | $449,900 – $2,250,000 | $335 / $310 | 3,112 / 2,964 | 21 / 12 | 2 | 30 |
| 5 Beds | $1,176,088 | $1,095,000 | $589,000 – $2,999,999 | $322 / $302 | 3,600 / 3,617 | 61 / 46 | 1 | 17 |
| 6 Beds | $1,639,818 | $1,370,000 | $815,000 – $4,200,000 | $351 / $329 | 5,198 / 4,226 | 94 / 81 | 0 | 11 |
| 8 Beds | $1,385,000 | $975,000 | $975,000 – $1,795,000 | $290 / $290 | 3,366 / 3,366 | 108 / 76 | 0 | 2 |
Rental Market Overview
Median Rent
$1,750
−5.4%
Median DOM
1
0.0%
New Listings
34
Inventory
107
+2.9%
- Average Rent: $2,193
- Median Rent: $1,750
- Rent Range: $795 – $6,046
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,166 / 888
- Square Footage Range: 330 – 3,444
- Days on Market (Avg/Median): 27 / 1
- Days on Market Range: 1 – 268
- New Listings: 34
- Total Listings: 107
Rentals by Property Type
Apartment
$1,595
Median DOM: 10
Inventory: 76
MoM: −5.4%
Condo
$1,325
Median DOM: 1
Inventory: 4
MoM: −5.4%
Single Family
$3,500
Median DOM: 1
Inventory: 25
MoM: −5.4%
Townhouse
$2,650
Median DOM: 62
Inventory: 1
MoM: −5.4%
Apartment
Avg/Median Rent$1,810 / $1,595Range$795 – $6,046Rent per Sq Ft$2 / $2Sq Ft851 / 745DOM37 / 10New18Total76
Condo
Avg/Median Rent$1,467 / $1,325Range$1,195 – $1,899Rent per Sq Ft$2 / $2Sq Ft710 / 650DOM9 / 1New2Total4
Multi-Family
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$2 / $2Sq Ft836 / 836DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,478 / $3,500Range$1,475 – $5,195Rent per Sq Ft$2 / $2Sq Ft1,952 / 1,860DOM1 / 1New14Total25
Townhouse
Avg/Median Rent$2,650 / $2,650Range$2,650 – $2,650Rent per Sq Ft$3 / $3Sq Ft1,052 / 1,052DOM62 / 62New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,177Median:$1,150Range:$1,095 – $1,267PSF:$3 / $3Sq Ft:411 / 354DOM:64 / 17New:0Total:4
1 Beds
Avg:$1,449Median:$1,425Range:$795 – $2,450PSF:$2 / $2Sq Ft:607 / 600DOM:23 / 1New:13Total:42
2 Beds
Avg:$2,035Median:$1,895Range:$1,400 – $4,095PSF:$2 / $2Sq Ft:1,034 / 960DOM:23 / 7New:10Total:34
3 Beds
Avg:$3,483Median:$3,100Range:$2,100 – $6,046PSF:$2 / $2Sq Ft:1,730 / 1,600DOM:41 / 1New:7Total:18
4 Beds
Avg:$4,194Median:$3,850Range:$2,895 – $5,145PSF:$2 / $2Sq Ft:2,420 / 2,270DOM:4 / 1New:4Total:8
5 Beds
Avg:$3,695Median:$3,695Range:$3,695 – $3,695PSF:$2 / $2Sq Ft:1,552 / 1,552DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,177 | $1,150 | $1,095 – $1,267 | $3 / $3 | 411 / 354 | 64 / 17 | 0 | 4 |
| 1 Beds | $1,449 | $1,425 | $795 – $2,450 | $2 / $2 | 607 / 600 | 23 / 1 | 13 | 42 |
| 2 Beds | $2,035 | $1,895 | $1,400 – $4,095 | $2 / $2 | 1,034 / 960 | 23 / 7 | 10 | 34 |
| 3 Beds | $3,483 | $3,100 | $2,100 – $6,046 | $2 / $2 | 1,730 / 1,600 | 41 / 1 | 7 | 18 |
| 4 Beds | $4,194 | $3,850 | $2,895 – $5,145 | $2 / $2 | 2,420 / 2,270 | 4 / 1 | 4 | 8 |
| 5 Beds | $3,695 | $3,695 | $3,695 – $3,695 | $2 / $2 | 1,552 / 1,552 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$850,000Median DOM:11New:39Total:93
Apr 2026
Median Price:$880,000Median DOM:10New:36Total:108
May 2026
Median Price:$850,000Median DOM:11New:45Total:123
Jun 2026
Median Price:$819,000Median DOM:16New:45Total:134
Jul 2026
Median Price:$825,000Median DOM:15New:34Total:130
Aug 2026
Median Price:$799,999Median DOM:18New:9Total:128
6-Month Rental Trend
Mar 2026
Median Rent:$1,675Median DOM:1New:44Total:117
Apr 2026
Median Rent:$1,595Median DOM:6New:30Total:94
May 2026
Median Rent:$1,550Median DOM:5New:33Total:92
Jun 2026
Median Rent:$1,795Median DOM:2New:39Total:86
Jul 2026
Median Rent:$1,850Median DOM:1New:55Total:104
Aug 2026
Median Rent:$1,750Median DOM:1New:34Total:107
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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