ZIP 97224 Housing Market Report
Portland Metro
Report period: May 2026
97224 Monthly Market Update – May 2026
ZIP 97224 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$599,999
0.0%
Median DOM (Sales)
33
−8.3%
New Listings (Sales)
38
−60.8%
Median Rent
$2,037
+5.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
111
−0.9%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (17 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($869,990 median)
Sales Market Overview
Median Price
$599,999
0.0%
Median DOM
33
−8.3%
New Listings
38
−60.8%
Inventory
359
+3.5%
- Average Price: $572,743
- Median Price: $599,999
- Price Range: $20,000 – $1,950,000
- Price per Sq Ft (Avg/Median): $273 / $279
- Square Footage (Avg/Median): 2,133 / 1,931
- Square Footage Range: 672 – 9,052
- Days on Market (Avg/Median): 60 / 33
- Days on Market Range: 2 – 333
- New Listings: 38
- Total Listings: 359
Sales by Property Type
Condo
Avg/Median Price$287,283 / $249,950Range$159,000 – $559,900Price per Sq Ft$255 / $253Sq Ft1,138 / 1,002DOM88 / 76New1Total32
Land
Avg/Median Price$520,417 / $260,000Range$220,000 – $1,850,000Price per Sq Ft—Sq Ft—DOM120 / 81New0Total12
Manufactured
Avg/Median Price$105,410 / $98,000Range$20,000 – $199,000Price per Sq Ft$83 / $76Sq Ft1,272 / 1,248DOM122 / 109New2Total38
Single Family
Avg/Median Price$700,562 / $664,990Range$339,900 – $1,950,000Price per Sq Ft$301 / $288Sq Ft2,474 / 2,358DOM47 / 26New29Total244
Townhouse
Avg/Median Price$461,636 / $448,400Range$300,000 – $700,000Price per Sq Ft$301 / $294Sq Ft1,568 / 1,558DOM38 / 17New6Total33
Sales by Bedroom Count
1 Beds
Avg:$202,357Median:$195,000Range:$159,000 – $249,500PSF:$272 / $279Sq Ft:746 / 762DOM:86 / 93New:1Total:7
2 Beds
Avg:$300,769Median:$339,000Range:$20,000 – $700,000PSF:$248 / $294Sq Ft:1,197 / 1,152DOM:72 / 45New:6Total:77
3 Beds
Avg:$526,340Median:$549,400Range:$64,500 – $1,600,000PSF:$294 / $288Sq Ft:1,806 / 1,728DOM:60 / 28New:12Total:107
4 Beds
Avg:$743,080Median:$708,900Range:$169,000 – $1,950,000PSF:$285 / $283Sq Ft:2,632 / 2,527DOM:47 / 24New:16Total:112
5 Beds
Avg:$793,278Median:$795,000Range:$559,900 – $1,225,000PSF:$240 / $246Sq Ft:3,340 / 3,264DOM:35 / 33New:3Total:36
6 Beds
Avg:$858,241Median:$869,990Range:$629,900 – $1,049,000PSF:$236 / $238Sq Ft:3,641 / 3,656DOM:99 / 66New:0Total:7
7 Beds
Avg:$685,000Median:$685,000Range:$685,000 – $685,000PSF:$76 / $76Sq Ft:9,052 / 9,052DOM:306 / 306New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,357 | $195,000 | $159,000 – $249,500 | $272 / $279 | 746 / 762 | 86 / 93 | 1 | 7 |
| 2 Beds | $300,769 | $339,000 | $20,000 – $700,000 | $248 / $294 | 1,197 / 1,152 | 72 / 45 | 6 | 77 |
| 3 Beds | $526,340 | $549,400 | $64,500 – $1,600,000 | $294 / $288 | 1,806 / 1,728 | 60 / 28 | 12 | 107 |
| 4 Beds | $743,080 | $708,900 | $169,000 – $1,950,000 | $285 / $283 | 2,632 / 2,527 | 47 / 24 | 16 | 112 |
| 5 Beds | $793,278 | $795,000 | $559,900 – $1,225,000 | $240 / $246 | 3,340 / 3,264 | 35 / 33 | 3 | 36 |
| 6 Beds | $858,241 | $869,990 | $629,900 – $1,049,000 | $236 / $238 | 3,641 / 3,656 | 99 / 66 | 0 | 7 |
| 7 Beds | $685,000 | $685,000 | $685,000 – $685,000 | $76 / $76 | 9,052 / 9,052 | 306 / 306 | 0 | 1 |
Rental Market Overview
Median Rent
$2,037
+5.2%
Median DOM
1
0.0%
New Listings
44
Inventory
111
−0.9%
- Average Rent: $2,349
- Median Rent: $2,037
- 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 – 3,812
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 340
- New Listings: 44
- Total Listings: 111
Rentals by Property Type
Apartment
$1,727
Median DOM: 1
Inventory: 71
MoM: +5.2%
Condo
$2,295
Median DOM: 1
Inventory: 4
MoM: +5.2%
Single Family
$3,250
Median DOM: 1
Inventory: 31
MoM: +5.2%
Townhouse
$2,450
Median DOM: 4
Inventory: 4
MoM: +5.2%
Apartment
Avg/Median Rent$1,836 / $1,727Range$1,200 – $3,525Rent per Sq Ft$2 / $3Sq Ft789 / 730DOM40 / 1New25Total71
Condo
Avg/Median Rent$2,434 / $2,295Range$1,795 – $2,895Rent per Sq Ft$2 / $2Sq Ft1,483 / 1,650DOM3 / 1New3Total4
Multi-Family
Avg/Median Rent$1,745 / $1,745Range$1,745 – $1,745Rent per Sq Ft$2 / $2Sq Ft1,013 / 1,013DOM1 / 1New1Total1
Single Family
Avg/Median Rent$3,500 / $3,250Range$2,100 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,114 / 2,051DOM12 / 1New14Total31
Townhouse
Avg/Median Rent$2,587 / $2,450Range$2,395 – $2,829Rent per Sq Ft$2 / $2Sq Ft1,580 / 1,360DOM40 / 4New1Total4
Rentals by Bedroom Count
Studio
Avg:$1,534Median:$1,545Range:$1,317 – $1,727PSF:$3 / $3Sq Ft:586 / 534DOM:1 / 1New:1Total:5
1 Beds
Avg:$1,749Median:$1,711Range:$1,200 – $2,227PSF:$2 / $3Sq Ft:720 / 700DOM:12 / 1New:20Total:46
2 Beds
Avg:$2,090Median:$1,850Range:$1,400 – $3,525PSF:$2 / $2Sq Ft:1,028 / 1,013DOM:85 / 1New:6Total:24
3 Beds
Avg:$3,040Median:$2,750Range:$2,375 – $7,000PSF:$2 / $2Sq Ft:1,683 / 1,570DOM:23 / 1New:8Total:20
4 Beds
Avg:$3,800Median:$3,395Range:$2,700 – $10,000PSF:$2 / $1Sq Ft:2,398 / 2,450DOM:2 / 1New:8Total:13
5 Beds
Avg:$4,063Median:$3,995Range:$3,295 – $4,899PSF:$1 / $1Sq Ft:3,078 / 3,062DOM:11 / 2New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,534 | $1,545 | $1,317 – $1,727 | $3 / $3 | 586 / 534 | 1 / 1 | 1 | 5 |
| 1 Beds | $1,749 | $1,711 | $1,200 – $2,227 | $2 / $3 | 720 / 700 | 12 / 1 | 20 | 46 |
| 2 Beds | $2,090 | $1,850 | $1,400 – $3,525 | $2 / $2 | 1,028 / 1,013 | 85 / 1 | 6 | 24 |
| 3 Beds | $3,040 | $2,750 | $2,375 – $7,000 | $2 / $2 | 1,683 / 1,570 | 23 / 1 | 8 | 20 |
| 4 Beds | $3,800 | $3,395 | $2,700 – $10,000 | $2 / $1 | 2,398 / 2,450 | 2 / 1 | 8 | 13 |
| 5 Beds | $4,063 | $3,995 | $3,295 – $4,899 | $1 / $1 | 3,078 / 3,062 | 11 / 2 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$579,900Median DOM:48New:60Total:307
Jan 2026
Median Price:$569,900Median DOM:50New:73Total:281
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:$599,999Median DOM:33New:38Total:359
6-Month Rental Trend
Dec 2025
Median Rent:$2,095Median DOM:1New:55Total:94
Jan 2026
Median Rent:$2,000Median DOM:1New:60Total:101
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:$2,037Median DOM:1New:44Total:111
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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