ZIP 97224 Housing Market Report
Portland Metro
Report period: July 2026
97224 Monthly Market Update – July 2026
ZIP 97224 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$599,900
0.0%
Median DOM (Sales)
34
+6.3%
New Listings (Sales)
34
−70.9%
Median Rent
$2,150
+14.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
117
+5.4%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($860,120 median)
Sales Market Overview
Median Price
$599,900
0.0%
Median DOM
34
+6.3%
New Listings
34
−70.9%
Inventory
379
+0.3%
- Average Price: $586,757
- Median Price: $599,900
- Price Range: $30,000 – $1,865,000
- Price per Sq Ft (Avg/Median): $272 / $278
- Square Footage (Avg/Median): 2,177 / 1,946
- Square Footage Range: 715 – 9,052
- Days on Market (Avg/Median): 57 / 34
- Days on Market Range: 1 – 339
- New Listings: 34
- Total Listings: 379
Sales by Property Type
Condo
Avg/Median Price$291,219 / $265,000Range$159,000 – $589,999Price per Sq Ft$254 / $245Sq Ft1,165 / 1,016DOM70 / 38New2Total38
Land
Avg/Median Price$1,066,333 / $699,000Range$650,000 – $1,850,000Price per Sq Ft—Sq Ft—DOM97 / 94New0Total3
Manufactured
Avg/Median Price$94,457 / $70,000Range$30,000 – $174,700Price per Sq Ft$77 / $62Sq Ft1,222 / 1,248DOM131 / 102New2Total35
Single Family
Avg/Median Price$707,229 / $675,000Range$369,000 – $1,865,000Price per Sq Ft$299 / $288Sq Ft2,520 / 2,363DOM45 / 29New27Total268
Townhouse
Avg/Median Price$436,353 / $424,650Range$302,500 – $619,900Price per Sq Ft$281 / $273Sq Ft1,603 / 1,570DOM57 / 42New3Total35
Sales by Bedroom Count
1 Beds
Avg:$190,667Median:$164,000Range:$159,000 – $249,000PSF:$255 / $209Sq Ft:757 / 771DOM:102 / 101New:0Total:3
2 Beds
Avg:$282,142Median:$279,000Range:$30,000 – $619,900PSF:$243 / $277Sq Ft:1,163 / 1,140DOM:71 / 36New:6Total:89
3 Beds
Avg:$554,787Median:$560,000Range:$64,500 – $1,600,000PSF:$300 / $287Sq Ft:1,881 / 1,750DOM:53 / 30New:12Total:111
4 Beds
Avg:$731,398Median:$708,900Range:$162,000 – $1,865,000PSF:$277 / $276Sq Ft:2,683 / 2,601DOM:51 / 31New:11Total:122
5 Beds
Avg:$820,917Median:$794,900Range:$525,000 – $1,225,000PSF:$254 / $249Sq Ft:3,282 / 3,182DOM:49 / 41New:4Total:42
6 Beds
Avg:$940,490Median:$860,120Range:$619,900 – $1,275,000PSF:$266 / $235Sq Ft:3,715 / 3,538DOM:49 / 13New:1Total:8
7 Beds
Avg:$685,000Median:$685,000Range:$685,000 – $685,000PSF:$76 / $76Sq Ft:9,052 / 9,052DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $190,667 | $164,000 | $159,000 – $249,000 | $255 / $209 | 757 / 771 | 102 / 101 | 0 | 3 |
| 2 Beds | $282,142 | $279,000 | $30,000 – $619,900 | $243 / $277 | 1,163 / 1,140 | 71 / 36 | 6 | 89 |
| 3 Beds | $554,787 | $560,000 | $64,500 – $1,600,000 | $300 / $287 | 1,881 / 1,750 | 53 / 30 | 12 | 111 |
| 4 Beds | $731,398 | $708,900 | $162,000 – $1,865,000 | $277 / $276 | 2,683 / 2,601 | 51 / 31 | 11 | 122 |
| 5 Beds | $820,917 | $794,900 | $525,000 – $1,225,000 | $254 / $249 | 3,282 / 3,182 | 49 / 41 | 4 | 42 |
| 6 Beds | $940,490 | $860,120 | $619,900 – $1,275,000 | $266 / $235 | 3,715 / 3,538 | 49 / 13 | 1 | 8 |
| 7 Beds | $685,000 | $685,000 | $685,000 – $685,000 | $76 / $76 | 9,052 / 9,052 | — | 0 | 1 |
Rental Market Overview
Median Rent
$2,150
+14.7%
Median DOM
1
0.0%
New Listings
38
Inventory
117
+5.4%
- Average Rent: $2,427
- Median Rent: $2,150
- Rent Range: $1,200 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,214 / 934
- Square Footage Range: 486 – 3,538
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 337
- New Listings: 38
- Total Listings: 117
Rentals by Property Type
Apartment
$1,819
Median DOM: 1
Inventory: 76
MoM: +14.7%
Condo
$2,725
Median DOM: 1
Inventory: 5
MoM: +14.7%
Single Family
$3,299
Median DOM: 1
Inventory: 27
MoM: +14.7%
Townhouse
$2,395
Median DOM: 16
Inventory: 8
MoM: +14.7%
Apartment
Avg/Median Rent$1,993 / $1,819Range$1,200 – $4,050Rent per Sq Ft$2 / $2Sq Ft820 / 730DOM20 / 1New23Total76
Condo
Avg/Median Rent$2,524 / $2,725Range$1,800 – $3,150Rent per Sq Ft$2 / $2Sq Ft1,596 / 1,682DOM27 / 1New2Total5
Multi-Family
Avg/Median Rent$1,745 / $1,745Range$1,745 – $1,745Rent per Sq Ft$2 / $2Sq Ft1,013 / 1,013DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,689 / $3,299Range$2,700 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,228 / 2,200DOM17 / 1New11Total27
Townhouse
Avg/Median Rent$2,319 / $2,395Range$1,695 – $2,789Rent per Sq Ft$2 / $2Sq Ft1,279 / 1,350DOM29 / 16New2Total8
Rentals by Bedroom Count
Studio
Avg:$1,446Median:$1,258Range:$1,258 – $1,633PSF:$2 / $2Sq Ft:587 / 486DOM:—New:0Total:2
1 Beds
Avg:$1,807Median:$1,788Range:$1,200 – $3,300PSF:$3 / $3Sq Ft:709 / 700DOM:11 / 1New:15Total:51
2 Beds
Avg:$2,240Median:$2,358Range:$1,350 – $4,050PSF:$2 / $2Sq Ft:1,032 / 1,029DOM:31 / 1New:7Total:24
3 Beds
Avg:$3,073Median:$2,845Range:$1,795 – $7,500PSF:$2 / $2Sq Ft:1,619 / 1,600DOM:35 / 1New:8Total:24
4 Beds
Avg:$3,847Median:$3,295Range:$2,700 – $10,000PSF:$2 / $1Sq Ft:2,347 / 2,335DOM:7 / 1New:6Total:12
5 Beds
Avg:$3,778Median:$3,845Range:$3,495 – $3,995PSF:$1 / $1Sq Ft:2,960 / 3,062DOM:1 / 1New:2Total:3
6 Beds
Avg:$3,900Median:$3,900Range:$3,900 – $3,900PSF:$1 / $1Sq Ft:3,538 / 3,538DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,446 | $1,258 | $1,258 – $1,633 | $2 / $2 | 587 / 486 | — | 0 | 2 |
| 1 Beds | $1,807 | $1,788 | $1,200 – $3,300 | $3 / $3 | 709 / 700 | 11 / 1 | 15 | 51 |
| 2 Beds | $2,240 | $2,358 | $1,350 – $4,050 | $2 / $2 | 1,032 / 1,029 | 31 / 1 | 7 | 24 |
| 3 Beds | $3,073 | $2,845 | $1,795 – $7,500 | $2 / $2 | 1,619 / 1,600 | 35 / 1 | 8 | 24 |
| 4 Beds | $3,847 | $3,295 | $2,700 – $10,000 | $2 / $1 | 2,347 / 2,335 | 7 / 1 | 6 | 12 |
| 5 Beds | $3,778 | $3,845 | $3,495 – $3,995 | $1 / $1 | 2,960 / 3,062 | 1 / 1 | 2 | 3 |
| 6 Beds | $3,900 | $3,900 | $3,900 – $3,900 | $1 / $1 | 3,538 / 3,538 | 18 / 18 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$575,000Median DOM:42New:76Total:304
Mar 2026
Median Price:$584,900Median DOM:38New:90Total:316
Apr 2026
Median Price:$599,999Median DOM:36New:97Total:347
May 2026
Median Price:$599,900Median DOM:34New:92Total:349
Jun 2026
Median Price:$599,900Median DOM:32New:117Total:378
Jul 2026
Median Price:$599,900Median DOM:34New:34Total:379
6-Month Rental Trend
Feb 2026
Median Rent:$1,936Median DOM:1New:55Total:110
Mar 2026
Median Rent:$1,936Median DOM:1New:46Total:94
Apr 2026
Median Rent:$1,936Median DOM:1New:62Total:112
May 2026
Median Rent:$2,041Median DOM:1New:64Total:115
Jun 2026
Median Rent:$1,875Median DOM:1New:56Total:111
Jul 2026
Median Rent:$2,150Median DOM:1New:38Total:117
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. 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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