ZIP 97223 Housing Market Report
Portland Metro
Report period: July 2026
97223 Monthly Market Update – July 2026
ZIP 97223 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$594,000
−1.0%
Median DOM (Sales)
28
−3.4%
New Listings (Sales)
15
−74.1%
Median Rent
$1,587
−0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
241
−1.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($799,999 median)
Sales Market Overview
Median Price
$594,000
−1.0%
Median DOM
28
−3.4%
New Listings
15
−74.1%
Inventory
234
+0.4%
- Average Price: $647,755
- Median Price: $594,000
- Price Range: $20,000 – $2,800,000
- Price per Sq Ft (Avg/Median): $320 / $300
- Square Footage (Avg/Median): 2,070 / 1,872
- Square Footage Range: 596 – 5,357
- Days on Market (Avg/Median): 49 / 28
- Days on Market Range: 2 – 327
- New Listings: 15
- Total Listings: 234
Sales by Property Type
Condo
Avg/Median Price$328,924 / $319,000Range$140,000 – $499,000Price per Sq Ft$303 / $282Sq Ft1,099 / 1,018DOM80 / 44New2Total29
Land
Avg/Median Price$1,037,143 / $275,000Range$20,000 – $2,700,000Price per Sq Ft—Sq Ft—DOM57 / 65New0Total7
Multi-Family
Avg/Median Price$636,633 / $625,000Range$549,900 – $735,000Price per Sq Ft$334 / $325Sq Ft1,911 / 1,740DOM26 / 35New1Total3
Single Family
Avg/Median Price$728,196 / $667,000Range$357,000 – $2,800,000Price per Sq Ft$330 / $308Sq Ft2,341 / 2,133DOM41 / 23New11Total166
Townhouse
Avg/Median Price$413,293 / $415,000Range$280,000 – $535,900Price per Sq Ft$279 / $270Sq Ft1,508 / 1,580DOM67 / 55New1Total29
Sales by Bedroom Count
1 Beds
Avg:$171,750Median:$168,500Range:$168,500 – $175,000PSF:$288 / $283Sq Ft:596 / 596DOM:58 / 9New:1Total:2
2 Beds
Avg:$392,819Median:$375,000Range:$140,000 – $699,000PSF:$342 / $301Sq Ft:1,186 / 1,058DOM:68 / 42New:1Total:42
3 Beds
Avg:$607,095Median:$545,500Range:$290,000 – $2,250,000PSF:$354 / $332Sq Ft:1,706 / 1,597DOM:43 / 20New:6Total:78
4 Beds
Avg:$705,747Median:$669,900Range:$450,000 – $1,599,000PSF:$295 / $298Sq Ft:2,448 / 2,284DOM:50 / 35New:2Total:72
5 Beds
Avg:$900,890Median:$799,999Range:$559,000 – $2,800,000PSF:$270 / $253Sq Ft:3,362 / 3,412DOM:39 / 30New:4Total:29
6 Beds
Avg:$794,975Median:$795,000Range:$735,000 – $825,000PSF:$271 / $266Sq Ft:3,016 / 2,922DOM:25 / 14New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $171,750 | $168,500 | $168,500 – $175,000 | $288 / $283 | 596 / 596 | 58 / 9 | 1 | 2 |
| 2 Beds | $392,819 | $375,000 | $140,000 – $699,000 | $342 / $301 | 1,186 / 1,058 | 68 / 42 | 1 | 42 |
| 3 Beds | $607,095 | $545,500 | $290,000 – $2,250,000 | $354 / $332 | 1,706 / 1,597 | 43 / 20 | 6 | 78 |
| 4 Beds | $705,747 | $669,900 | $450,000 – $1,599,000 | $295 / $298 | 2,448 / 2,284 | 50 / 35 | 2 | 72 |
| 5 Beds | $900,890 | $799,999 | $559,000 – $2,800,000 | $270 / $253 | 3,362 / 3,412 | 39 / 30 | 4 | 29 |
| 6 Beds | $794,975 | $795,000 | $735,000 – $825,000 | $271 / $266 | 3,016 / 2,922 | 25 / 14 | 1 | 4 |
Rental Market Overview
Median Rent
$1,587
−0.8%
Median DOM
1
0.0%
New Listings
59
Inventory
241
−1.6%
- Average Rent: $1,886
- Median Rent: $1,587
- Rent Range: $1,099 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 998 / 850
- Square Footage Range: 270 – 3,286
- Days on Market (Avg/Median): 46 / 1
- Days on Market Range: 1 – 365
- New Listings: 59
- Total Listings: 241
Rentals by Property Type
Apartment
$1,549
Median DOM: 29
Inventory: 152
MoM: −0.8%
Condo
$1,395
Median DOM: 1
Inventory: 20
MoM: −0.8%
Single Family
$2,795
Median DOM: 1
Inventory: 59
MoM: −0.8%
Townhouse
$2,375
Median DOM: 1
Inventory: 8
MoM: −0.8%
Apartment
Avg/Median Rent$1,580 / $1,549Range$1,099 – $2,999Rent per Sq Ft$2 / $2Sq Ft820 / 756DOM68 / 29New28Total152
Condo
Avg/Median Rent$1,370 / $1,395Range$1,145 – $1,595Rent per Sq Ft$2 / $2Sq Ft702 / 748DOM3 / 1New6Total20
Multi-Family
Avg/Median Rent$2,045 / $1,795Range$1,795 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,038 / 964DOM29 / 1New0Total2
Single Family
Avg/Median Rent$2,783 / $2,795Range$1,200 – $6,000Rent per Sq Ft$2 / $2Sq Ft1,499 / 1,412DOM15 / 1New22Total59
Townhouse
Avg/Median Rent$2,326 / $2,375Range$1,550 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,461 / 1,488DOM2 / 1New3Total8
Rentals by Bedroom Count
Studio
Avg:$1,580Median:$1,453Range:$1,150 – $2,249PSF:$3 / $3Sq Ft:522 / 500DOM:56 / 1New:3Total:12
1 Beds
Avg:$1,473Median:$1,425Range:$1,099 – $2,699PSF:$2 / $2Sq Ft:655 / 660DOM:64 / 10New:19Total:68
2 Beds
Avg:$1,654Median:$1,555Range:$1,199 – $2,999PSF:$2 / $2Sq Ft:940 / 900DOM:50 / 6New:20Total:111
3 Beds
Avg:$2,948Median:$2,795Range:$1,595 – $6,000PSF:$2 / $2Sq Ft:1,492 / 1,431DOM:26 / 1New:10Total:36
4 Beds
Avg:$3,189Median:$2,995Range:$2,745 – $4,295PSF:$1 / $1Sq Ft:2,182 / 2,002DOM:1 / 1New:5Total:12
5 Beds
Avg:$3,645Median:$3,595Range:$3,595 – $3,695PSF:$1 / $1Sq Ft:2,538 / 2,164DOM:1 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,580 | $1,453 | $1,150 – $2,249 | $3 / $3 | 522 / 500 | 56 / 1 | 3 | 12 |
| 1 Beds | $1,473 | $1,425 | $1,099 – $2,699 | $2 / $2 | 655 / 660 | 64 / 10 | 19 | 68 |
| 2 Beds | $1,654 | $1,555 | $1,199 – $2,999 | $2 / $2 | 940 / 900 | 50 / 6 | 20 | 111 |
| 3 Beds | $2,948 | $2,795 | $1,595 – $6,000 | $2 / $2 | 1,492 / 1,431 | 26 / 1 | 10 | 36 |
| 4 Beds | $3,189 | $2,995 | $2,745 – $4,295 | $1 / $1 | 2,182 / 2,002 | 1 / 1 | 5 | 12 |
| 5 Beds | $3,645 | $3,595 | $3,595 – $3,695 | $1 / $1 | 2,538 / 2,164 | 1 / 1 | 2 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$579,000Median DOM:37New:37Total:167
Mar 2026
Median Price:$579,000Median DOM:27New:50Total:174
Apr 2026
Median Price:$575,000Median DOM:25New:62Total:187
May 2026
Median Price:$595,000Median DOM:24New:75Total:218
Jun 2026
Median Price:$599,900Median DOM:29New:58Total:233
Jul 2026
Median Price:$594,000Median DOM:28New:15Total:234
6-Month Rental Trend
Feb 2026
Median Rent:$1,550Median DOM:1New:122Total:273
Mar 2026
Median Rent:$1,541Median DOM:2New:110Total:258
Apr 2026
Median Rent:$1,550Median DOM:1New:97Total:250
May 2026
Median Rent:$1,595Median DOM:1New:109Total:241
Jun 2026
Median Rent:$1,599Median DOM:1New:98Total:245
Jul 2026
Median Rent:$1,587Median DOM:1New:59Total:241
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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