ZIP 97212 Housing Market Report
Portland Metro
Report period: May 2026
97212 Monthly Market Update – May 2026
ZIP 97212 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$879,500
−0.1%
Median DOM (Sales)
10
0.0%
New Listings (Sales)
15
−58.3%
Median Rent
$1,649
+3.4%
Median DOM (Rental)
1
−83.3%
Total Rental Listings
88
−6.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Multi-Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,795,000 median)
Sales Market Overview
Median Price
$879,500
−0.1%
Median DOM
10
0.0%
New Listings
15
−58.3%
Inventory
114
+5.6%
- Average Price: $992,678
- Median Price: $879,500
- Price Range: $199,000 – $3,325,000
- Price per Sq Ft (Avg/Median): $344 / $332
- Square Footage (Avg/Median): 2,872 / 2,738
- Square Footage Range: 671 – 7,119
- Days on Market (Avg/Median): 36 / 10
- Days on Market Range: 2 – 333
- New Listings: 15
- Total Listings: 114
Sales by Property Type
Condo
Avg/Median Price$418,682 / $395,000Range$284,900 – $794,000Price per Sq Ft$346 / $346Sq Ft1,246 / 1,137DOM77 / 76New0Total11
Land
Avg/Median Price$599,333 / $700,000Range$199,000 – $899,000Price per Sq Ft—Sq Ft—DOM76 / 76New0Total3
Multi-Family
Avg/Median Price$1,046,627 / $899,900Range$699,000 – $1,795,000Price per Sq Ft$331 / $284Sq Ft3,152 / 2,883DOM69 / 49New2Total11
Single Family
Avg/Median Price$1,102,796 / $925,000Range$340,000 – $3,325,000Price per Sq Ft$346 / $334Sq Ft3,127 / 2,855DOM27 / 7New11Total84
Townhouse
Avg/Median Price$522,800 / $510,000Range$399,000 – $750,000Price per Sq Ft$325 / $317Sq Ft1,613 / 1,498DOM27 / 18New2Total5
Sales by Bedroom Count
Studio
Avg:$405,000Median:$405,000Range:$405,000 – $405,000PSF:$356 / $356Sq Ft:1,137 / 1,137DOM:13 / 13New:0Total:1
1 Beds
Avg:$694,500Median:$299,000Range:$299,000 – $1,090,000PSF:$412 / $378Sq Ft:1,777 / 671DOM:37 / 37New:0Total:2
2 Beds
Avg:$497,521Median:$430,000Range:$284,900 – $929,000PSF:$334 / $333Sq Ft:1,503 / 1,285DOM:67 / 76New:2Total:14
3 Beds
Avg:$767,350Median:$729,000Range:$399,000 – $1,350,000PSF:$324 / $317Sq Ft:2,370 / 2,381DOM:28 / 7New:6Total:33
4 Beds
Avg:$1,085,871Median:$950,000Range:$750,000 – $2,150,000PSF:$345 / $332Sq Ft:3,157 / 3,107DOM:15 / 5New:6Total:31
5 Beds
Avg:$1,521,356Median:$1,175,000Range:$749,000 – $3,325,000PSF:$371 / $344Sq Ft:3,961 / 3,939DOM:39 / 24New:1Total:18
6 Beds
Avg:$1,274,900Median:$1,145,000Range:$725,000 – $2,699,000PSF:$363 / $329Sq Ft:3,645 / 3,362DOM:83 / 57New:0Total:10
7 Beds
Avg:$1,695,000Median:$1,695,000Range:$1,695,000 – $1,695,000PSF:$265 / $265Sq Ft:6,390 / 6,390DOM:38 / 38New:0Total:1
8 Beds
Avg:$1,795,000Median:$1,795,000Range:$1,795,000 – $1,795,000PSF:—Sq Ft:—DOM:49 / 49New:0Total:1
| 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 | 13 / 13 | 0 | 1 |
| 1 Beds | $694,500 | $299,000 | $299,000 – $1,090,000 | $412 / $378 | 1,777 / 671 | 37 / 37 | 0 | 2 |
| 2 Beds | $497,521 | $430,000 | $284,900 – $929,000 | $334 / $333 | 1,503 / 1,285 | 67 / 76 | 2 | 14 |
| 3 Beds | $767,350 | $729,000 | $399,000 – $1,350,000 | $324 / $317 | 2,370 / 2,381 | 28 / 7 | 6 | 33 |
| 4 Beds | $1,085,871 | $950,000 | $750,000 – $2,150,000 | $345 / $332 | 3,157 / 3,107 | 15 / 5 | 6 | 31 |
| 5 Beds | $1,521,356 | $1,175,000 | $749,000 – $3,325,000 | $371 / $344 | 3,961 / 3,939 | 39 / 24 | 1 | 18 |
| 6 Beds | $1,274,900 | $1,145,000 | $725,000 – $2,699,000 | $363 / $329 | 3,645 / 3,362 | 83 / 57 | 0 | 10 |
| 7 Beds | $1,695,000 | $1,695,000 | $1,695,000 – $1,695,000 | $265 / $265 | 6,390 / 6,390 | 38 / 38 | 0 | 1 |
| 8 Beds | $1,795,000 | $1,795,000 | $1,795,000 – $1,795,000 | — | — | 49 / 49 | 0 | 1 |
Rental Market Overview
Median Rent
$1,649
+3.4%
Median DOM
1
−83.3%
New Listings
17
Inventory
88
−6.4%
- Average Rent: $2,164
- Median Rent: $1,649
- Rent Range: $795 – $6,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,199 / 879
- Square Footage Range: 330 – 6,062
- Days on Market (Avg/Median): 57 / 1
- Days on Market Range: 1 – 359
- New Listings: 17
- Total Listings: 88
Rentals by Property Type
Apartment
$1,475
Median DOM: 16
Inventory: 62
MoM: +3.4%
Condo
$1,325
Median DOM: 42
Inventory: 3
MoM: +3.4%
Single Family
$3,249
Median DOM: 1
Inventory: 21
MoM: +3.4%
Townhouse
$2,895
Median DOM: 1
Inventory: 1
MoM: +3.4%
Apartment
Avg/Median Rent$1,747 / $1,475Range$795 – $6,500Rent per Sq Ft$2 / $2Sq Ft800 / 659DOM70 / 16New8Total62
Condo
Avg/Median Rent$1,883 / $1,325Range$1,300 – $3,025Rent per Sq Ft$2 / $2Sq Ft1,408 / 700DOM42 / 42New0Total3
Multi-Family
Avg/Median Rent$2,599 / $2,599Range$2,599 – $2,599Rent per Sq Ft$2 / $2Sq Ft1,252 / 1,252DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,379 / $3,249Range$1,500 – $6,995Rent per Sq Ft$2 / $2Sq Ft2,057 / 1,728DOM29 / 1New8Total21
Townhouse
Avg/Median Rent$2,895 / $2,895Range$2,895 – $2,895Rent per Sq Ft$2 / $2Sq Ft1,271 / 1,271DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,288Median:$1,250Range:$1,095 – $1,397PSF:$3 / $3Sq Ft:442 / 389DOM:180 / 200New:0Total:6
1 Beds
Avg:$1,391Median:$1,350Range:$795 – $1,995PSF:$2 / $2Sq Ft:623 / 620DOM:57 / 1New:8Total:36
2 Beds
Avg:$1,934Median:$1,795Range:$1,400 – $3,000PSF:$2 / $2Sq Ft:939 / 879DOM:68 / 6New:3Total:24
3 Beds
Avg:$3,669Median:$3,435Range:$2,495 – $6,500PSF:$2 / $2Sq Ft:1,712 / 1,520DOM:43 / 1New:2Total:13
4 Beds
Avg:$3,943Median:$3,782Range:$3,025 – $5,495PSF:$2 / $1Sq Ft:2,598 / 2,850DOM:1 / 1New:4Total:8
6 Beds
Avg:$6,995Median:$6,995Range:$6,995 – $6,995PSF:$1 / $1Sq Ft:6,062 / 6,062DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,288 | $1,250 | $1,095 – $1,397 | $3 / $3 | 442 / 389 | 180 / 200 | 0 | 6 |
| 1 Beds | $1,391 | $1,350 | $795 – $1,995 | $2 / $2 | 623 / 620 | 57 / 1 | 8 | 36 |
| 2 Beds | $1,934 | $1,795 | $1,400 – $3,000 | $2 / $2 | 939 / 879 | 68 / 6 | 3 | 24 |
| 3 Beds | $3,669 | $3,435 | $2,495 – $6,500 | $2 / $2 | 1,712 / 1,520 | 43 / 1 | 2 | 13 |
| 4 Beds | $3,943 | $3,782 | $3,025 – $5,495 | $2 / $1 | 2,598 / 2,850 | 1 / 1 | 4 | 8 |
| 6 Beds | $6,995 | $6,995 | $6,995 – $6,995 | $1 / $1 | 6,062 / 6,062 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$799,000Median DOM:78New:8Total:66
Jan 2026
Median Price:$850,000Median DOM:58New:19Total:63
Feb 2026
Median Price:$799,900Median DOM:23New:24Total:75
Mar 2026
Median Price:$850,000Median DOM:11New:39Total:93
Apr 2026
Median Price:$880,000Median DOM:10New:36Total:108
May 2026
Median Price:$879,500Median DOM:10New:15Total:114
6-Month Rental Trend
Dec 2025
Median Rent:$1,650Median DOM:1New:53Total:116
Jan 2026
Median Rent:$1,650Median DOM:1New:54Total:119
Feb 2026
Median Rent:$1,695Median DOM:1New:46Total:119
Mar 2026
Median Rent:$1,675Median DOM:1New:44Total:117
Apr 2026
Median Rent:$1,595Median DOM:6New:30Total:94
May 2026
Median Rent:$1,649Median DOM:1New:17Total:88
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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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