ZIP 97217 Housing Market Report
Portland Metro
Report period: July 2026
97217 Monthly Market Update – July 2026
ZIP 97217 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$449,000
−2.2%
Median DOM (Sales)
43
+10.3%
New Listings (Sales)
13
−84.9%
Median Rent
$1,650
+1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
452
+2.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,049,000 median)
Sales Market Overview
Median Price
$449,000
−2.2%
Median DOM
43
+10.3%
New Listings
13
−84.9%
Inventory
327
−3.0%
- Average Price: $488,345
- Median Price: $449,000
- Price Range: $38,000 – $4,350,000
- Price per Sq Ft (Avg/Median): $314 / $316
- Square Footage (Avg/Median): 1,652 / 1,530
- Square Footage Range: 290 – 10,596
- Days on Market (Avg/Median): 69 / 43
- Days on Market Range: 2 – 364
- New Listings: 13
- Total Listings: 327
Sales by Property Type
Condo
Avg/Median Price$327,256 / $298,000Range$99,000 – $759,900Price per Sq Ft$329 / $335Sq Ft1,104 / 903DOM96 / 83New4Total118
Land
Avg/Median Price$517,486 / $360,000Range$199,900 – $1,299,000Price per Sq Ft—Sq Ft—DOM130 / 105New0Total7
Manufactured
Avg/Median Price$117,369 / $129,950Range$38,000 – $189,000Price per Sq Ft$88 / $96Sq Ft1,282 / 1,152DOM55 / 64New0Total7
Multi-Family
Avg/Median Price$1,126,147 / $659,950Range$465,000 – $4,350,000Price per Sq Ft$385 / $351Sq Ft3,111 / 2,640DOM66 / 48New1Total16
Single Family
Avg/Median Price$556,038 / $546,550Range$69,000 – $1,175,000Price per Sq Ft$304 / $300Sq Ft1,944 / 1,910DOM46 / 21New8Total160
Townhouse
Avg/Median Price$507,595 / $499,000Range$309,900 – $749,000Price per Sq Ft$331 / $325Sq Ft1,607 / 1,718DOM86 / 64New0Total19
Sales by Bedroom Count
Studio
Avg:$178,571Median:$187,500Range:$89,000 – $239,000PSF:$515 / $514Sq Ft:361 / 373DOM:152 / 118New:0Total:7
1 Beds
Avg:$328,808Median:$235,000Range:$69,000 – $4,350,000PSF:$369 / $373Sq Ft:883 / 657DOM:81 / 78New:1Total:50
2 Beds
Avg:$379,887Median:$355,000Range:$38,000 – $1,295,000PSF:$304 / $316Sq Ft:1,303 / 1,120DOM:91 / 57New:2Total:94
3 Beds
Avg:$537,511Median:$549,000Range:$110,000 – $1,150,000PSF:$299 / $304Sq Ft:1,882 / 1,922DOM:47 / 24New:6Total:111
4 Beds
Avg:$641,977Median:$649,000Range:$425,000 – $989,000PSF:$278 / $280Sq Ft:2,374 / 2,373DOM:47 / 35New:3Total:43
5 Beds
Avg:$1,013,745Median:$847,500Range:$499,000 – $1,969,900PSF:$359 / $301Sq Ft:3,077 / 3,142DOM:40 / 21New:0Total:11
6 Beds
Avg:$1,065,967Median:$899,000Range:$549,000 – $1,749,900PSF:$287 / $228Sq Ft:3,738 / 2,406DOM:128 / 98New:1Total:3
7 Beds
Avg:$1,049,000Median:$1,049,000Range:$1,049,000 – $1,049,000PSF:$365 / $365Sq Ft:2,876 / 2,876DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $178,571 | $187,500 | $89,000 – $239,000 | $515 / $514 | 361 / 373 | 152 / 118 | 0 | 7 |
| 1 Beds | $328,808 | $235,000 | $69,000 – $4,350,000 | $369 / $373 | 883 / 657 | 81 / 78 | 1 | 50 |
| 2 Beds | $379,887 | $355,000 | $38,000 – $1,295,000 | $304 / $316 | 1,303 / 1,120 | 91 / 57 | 2 | 94 |
| 3 Beds | $537,511 | $549,000 | $110,000 – $1,150,000 | $299 / $304 | 1,882 / 1,922 | 47 / 24 | 6 | 111 |
| 4 Beds | $641,977 | $649,000 | $425,000 – $989,000 | $278 / $280 | 2,374 / 2,373 | 47 / 35 | 3 | 43 |
| 5 Beds | $1,013,745 | $847,500 | $499,000 – $1,969,900 | $359 / $301 | 3,077 / 3,142 | 40 / 21 | 0 | 11 |
| 6 Beds | $1,065,967 | $899,000 | $549,000 – $1,749,900 | $287 / $228 | 3,738 / 2,406 | 128 / 98 | 1 | 3 |
| 7 Beds | $1,049,000 | $1,049,000 | $1,049,000 – $1,049,000 | $365 / $365 | 2,876 / 2,876 | 18 / 18 | 0 | 1 |
Rental Market Overview
Median Rent
$1,650
+1.5%
Median DOM
1
0.0%
New Listings
176
Inventory
452
+2.5%
- Average Rent: $1,830
- Median Rent: $1,650
- Rent Range: $909 – $9,063
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 825 / 700
- Square Footage Range: 275 – 4,000
- Days on Market (Avg/Median): 30 / 1
- Days on Market Range: 1 – 351
- New Listings: 176
- Total Listings: 452
Rentals by Property Type
Apartment
$1,552
Median DOM: 1
Inventory: 357
MoM: +1.5%
Condo
$1,695
Median DOM: 1
Inventory: 17
MoM: +1.5%
Single Family
$2,495
Median DOM: 1
Inventory: 59
MoM: +1.5%
Townhouse
$2,695
Median DOM: 1
Inventory: 10
MoM: +1.5%
Apartment
Avg/Median Rent$1,712 / $1,552Range$909 – $9,063Rent per Sq Ft$3 / $3Sq Ft731 / 687DOM32 / 1New142Total357
Condo
Avg/Median Rent$1,848 / $1,695Range$999 – $3,095Rent per Sq Ft$2 / $2Sq Ft806 / 578DOM4 / 1New6Total17
Multi-Family
Avg/Median Rent$1,548 / $1,300Range$1,000 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,251 / 1,216DOM143 / 65New1Total9
Single Family
Avg/Median Rent$2,449 / $2,495Range$1,245 – $4,395Rent per Sq Ft$2 / $2Sq Ft1,276 / 1,000DOM9 / 1New23Total59
Townhouse
Avg/Median Rent$2,591 / $2,695Range$2,250 – $2,845Rent per Sq Ft$2 / $2Sq Ft1,349 / 1,056DOM10 / 1New4Total10
Rentals by Bedroom Count
Studio
Avg:$1,286Median:$1,275Range:$950 – $2,337PSF:$3 / $3Sq Ft:429 / 420DOM:46 / 1New:23Total:71
1 Beds
Avg:$1,550Median:$1,500Range:$909 – $2,561PSF:$3 / $3Sq Ft:646 / 658DOM:30 / 1New:90Total:224
2 Beds
Avg:$2,283Median:$2,250Range:$1,395 – $6,261PSF:$2 / $2Sq Ft:1,096 / 1,038DOM:27 / 1New:50Total:117
3 Beds
Avg:$2,730Median:$2,645Range:$2,195 – $3,580PSF:$2 / $2Sq Ft:1,427 / 1,400DOM:8 / 1New:8Total:30
4 Beds
Avg:$3,929Median:$3,050Range:$2,845 – $9,063PSF:$2 / $1Sq Ft:2,139 / 1,991DOM:34 / 1New:3Total:8
5 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:2,992 / 2,992DOM:1 / 1New:1Total:1
6 Beds
Avg:$4,395Median:$4,395Range:$4,395 – $4,395PSF:$1 / $1Sq Ft:3,471 / 3,471DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,286 | $1,275 | $950 – $2,337 | $3 / $3 | 429 / 420 | 46 / 1 | 23 | 71 |
| 1 Beds | $1,550 | $1,500 | $909 – $2,561 | $3 / $3 | 646 / 658 | 30 / 1 | 90 | 224 |
| 2 Beds | $2,283 | $2,250 | $1,395 – $6,261 | $2 / $2 | 1,096 / 1,038 | 27 / 1 | 50 | 117 |
| 3 Beds | $2,730 | $2,645 | $2,195 – $3,580 | $2 / $2 | 1,427 / 1,400 | 8 / 1 | 8 | 30 |
| 4 Beds | $3,929 | $3,050 | $2,845 – $9,063 | $2 / $1 | 2,139 / 1,991 | 34 / 1 | 3 | 8 |
| 5 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 2,992 / 2,992 | 1 / 1 | 1 | 1 |
| 6 Beds | $4,395 | $4,395 | $4,395 – $4,395 | $1 / $1 | 3,471 / 3,471 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$449,000Median DOM:54New:52Total:220
Mar 2026
Median Price:$445,000Median DOM:34New:79Total:250
Apr 2026
Median Price:$449,000Median DOM:41New:77Total:291
May 2026
Median Price:$465,000Median DOM:38New:86Total:316
Jun 2026
Median Price:$459,000Median DOM:39New:86Total:337
Jul 2026
Median Price:$449,000Median DOM:43New:13Total:327
6-Month Rental Trend
Feb 2026
Median Rent:$1,694Median DOM:1New:190Total:357
Mar 2026
Median Rent:$1,599Median DOM:1New:167Total:357
Apr 2026
Median Rent:$1,602Median DOM:1New:244Total:446
May 2026
Median Rent:$1,575Median DOM:1New:240Total:445
Jun 2026
Median Rent:$1,625Median DOM:1New:240Total:441
Jul 2026
Median Rent:$1,650Median DOM:1New:176Total:452
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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