ZIP 97218 Housing Market Report
Portland Metro
Report period: July 2026
97218 Monthly Market Update – July 2026
ZIP 97218 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$450,000
+0.1%
Median DOM (Sales)
43
+10.3%
New Listings (Sales)
3
−78.6%
Median Rent
$1,499
0.0%
Median DOM (Rental)
4
−20.0%
Total Rental Listings
50
−5.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (19 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$450,000
+0.1%
Median DOM
43
+10.3%
New Listings
3
−78.6%
Inventory
59
−6.3%
- Average Price: $496,717
- Median Price: $450,000
- Price Range: $49,000 – $2,309,900
- Price per Sq Ft (Avg/Median): $340 / $342
- Square Footage (Avg/Median): 1,506 / 1,144
- Square Footage Range: 389 – 5,500
- Days on Market (Avg/Median): 82 / 43
- Days on Market Range: 1 – 361
- New Listings: 3
- Total Listings: 59
Sales by Property Type
Condo
Avg/Median Price$385,612 / $445,000Range$161,920 – $475,000Price per Sq Ft$397 / $410Sq Ft968 / 964DOM127 / 118New0Total10
Manufactured
Avg/Median Price$49,000 / $49,000Range$49,000 – $49,000Price per Sq Ft$126 / $126Sq Ft389 / 389DOM101 / 101New0Total1
Multi-Family
Avg/Median Price$981,900 / $550,000Range$437,500 – $2,309,900Price per Sq Ft$309 / $257Sq Ft2,745 / 2,428DOM86 / 22New1Total6
Single Family
Avg/Median Price$464,519 / $450,000Range$229,500 – $699,000Price per Sq Ft$335 / $324Sq Ft1,513 / 1,336DOM70 / 19New2Total42
Sales by Bedroom Count
Studio
Avg:$161,920Median:$161,920Range:$161,920 – $161,920PSF:$321 / $321Sq Ft:504 / 504DOM:275 / 275New:0Total:1
1 Beds
Avg:$139,250Median:$49,000Range:$49,000 – $229,500PSF:$258 / $126Sq Ft:488 / 389DOM:55 / 8New:0Total:2
2 Beds
Avg:$401,930Median:$429,900Range:$199,900 – $550,000PSF:$396 / $404Sq Ft:1,053 / 855DOM:79 / 43New:1Total:20
3 Beds
Avg:$462,800Median:$450,000Range:$349,900 – $629,900PSF:$353 / $361Sq Ft:1,367 / 1,144DOM:86 / 54New:0Total:19
4 Beds
Avg:$540,400Median:$570,000Range:$339,900 – $699,000PSF:$259 / $269Sq Ft:2,149 / 2,119DOM:61 / 19New:1Total:13
5 Beds
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:—Sq Ft:—DOM:73 / 73New:0Total:1
6 Beds
Avg:$550,000Median:$550,000Range:$550,000 – $550,000PSF:$227 / $227Sq Ft:2,428 / 2,428DOM:14 / 14New:0Total:1
8 Beds
Avg:$1,529,450Median:$749,000Range:$749,000 – $2,309,900PSF:$337 / $254Sq Ft:4,226 / 2,953DOM:181 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $161,920 | $161,920 | $161,920 – $161,920 | $321 / $321 | 504 / 504 | 275 / 275 | 0 | 1 |
| 1 Beds | $139,250 | $49,000 | $49,000 – $229,500 | $258 / $126 | 488 / 389 | 55 / 8 | 0 | 2 |
| 2 Beds | $401,930 | $429,900 | $199,900 – $550,000 | $396 / $404 | 1,053 / 855 | 79 / 43 | 1 | 20 |
| 3 Beds | $462,800 | $450,000 | $349,900 – $629,900 | $353 / $361 | 1,367 / 1,144 | 86 / 54 | 0 | 19 |
| 4 Beds | $540,400 | $570,000 | $339,900 – $699,000 | $259 / $269 | 2,149 / 2,119 | 61 / 19 | 1 | 13 |
| 5 Beds | $1,400,000 | $1,400,000 | $1,400,000 – $1,400,000 | — | — | 73 / 73 | 0 | 1 |
| 6 Beds | $550,000 | $550,000 | $550,000 – $550,000 | $227 / $227 | 2,428 / 2,428 | 14 / 14 | 0 | 1 |
| 8 Beds | $1,529,450 | $749,000 | $749,000 – $2,309,900 | $337 / $254 | 4,226 / 2,953 | 181 / 1 | 1 | 2 |
Rental Market Overview
Median Rent
$1,499
0.0%
Median DOM
4
−20.0%
New Listings
14
Inventory
50
−5.7%
- Average Rent: $1,706
- Median Rent: $1,499
- Rent Range: $750 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 902 / 800
- Square Footage Range: 400 – 2,200
- Days on Market (Avg/Median): 51 / 4
- Days on Market Range: 1 – 350
- New Listings: 14
- Total Listings: 50
Rentals by Property Type
Apartment
$1,350
Median DOM: 45
Inventory: 24
MoM: 0.0%
Condo
$1,495
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$1,750
Median DOM: 1
Inventory: 20
MoM: 0.0%
Townhouse
$1,850
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,415 / $1,350Range$750 – $2,095Rent per Sq Ft$2 / $2Sq Ft729 / 756DOM82 / 45New2Total24
Condo
Avg/Median Rent$1,663 / $1,495Range$1,495 – $2,000Rent per Sq Ft$2 / $2Sq Ft803 / 620DOM7 / 1New1Total3
Single Family
Avg/Median Rent$2,022 / $1,750Range$900 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,108 / 875DOM31 / 1New9Total20
Townhouse
Avg/Median Rent$1,981 / $1,850Range$1,349 – $2,745Rent per Sq Ft$2 / $2Sq Ft1,033 / 900DOM11 / 1New2Total3
Rentals by Bedroom Count
Studio
Avg:$999Median:$999Range:$999 – $999PSF:$1 / $1Sq Ft:1,664 / 1,664DOM:38 / 1New:1Total:3
1 Beds
Avg:$1,156Median:$1,125Range:$750 – $1,500PSF:$2 / $2Sq Ft:635 / 515DOM:71 / 13New:1Total:15
2 Beds
Avg:$1,813Median:$1,695Range:$1,305 – $3,500PSF:$2 / $2Sq Ft:812 / 830DOM:55 / 7New:7Total:23
3 Beds
Avg:$2,257Median:$2,295Range:$1,800 – $2,700PSF:$2 / $2Sq Ft:1,119 / 1,116DOM:21 / 1New:1Total:5
4 Beds
Avg:$2,998Median:$2,895Range:$2,745 – $3,250PSF:$2 / $2Sq Ft:1,945 / 2,004DOM:1 / 1New:4Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $999 | $999 | $999 – $999 | $1 / $1 | 1,664 / 1,664 | 38 / 1 | 1 | 3 |
| 1 Beds | $1,156 | $1,125 | $750 – $1,500 | $2 / $2 | 635 / 515 | 71 / 13 | 1 | 15 |
| 2 Beds | $1,813 | $1,695 | $1,305 – $3,500 | $2 / $2 | 812 / 830 | 55 / 7 | 7 | 23 |
| 3 Beds | $2,257 | $2,295 | $1,800 – $2,700 | $2 / $2 | 1,119 / 1,116 | 21 / 1 | 1 | 5 |
| 4 Beds | $2,998 | $2,895 | $2,745 – $3,250 | $2 / $2 | 1,945 / 2,004 | 1 / 1 | 4 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$415,000Median DOM:52New:13Total:63
Mar 2026
Median Price:$429,000Median DOM:45New:25Total:77
Apr 2026
Median Price:$449,500Median DOM:35New:16Total:79
May 2026
Median Price:$437,500Median DOM:31New:17Total:67
Jun 2026
Median Price:$449,500Median DOM:39New:14Total:63
Jul 2026
Median Price:$450,000Median DOM:43New:3Total:59
6-Month Rental Trend
Feb 2026
Median Rent:$2,100Median DOM:24New:20Total:62
Mar 2026
Median Rent:$1,900Median DOM:11New:20Total:54
Apr 2026
Median Rent:$1,695Median DOM:9New:20Total:49
May 2026
Median Rent:$1,595Median DOM:5New:22Total:54
Jun 2026
Median Rent:$1,499Median DOM:5New:19Total:53
Jul 2026
Median Rent:$1,499Median DOM:4New:14Total:50
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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