ZIP 97224 Housing Market Report
Portland Metro
Report period: August 2026
97224 Monthly Market Update – August 2026
ZIP 97224 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$575,000
−4.2%
Median DOM (Sales)
40
−4.8%
New Listings (Sales)
26
−71.4%
Median Rent
$1,917
−9.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
116
−4.1%
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 (38 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($799,990 median)
Sales Market Overview
Median Price
$575,000
−4.2%
Median DOM
40
−4.8%
New Listings
26
−71.4%
Inventory
394
+2.9%
- Average Price: $576,470
- Median Price: $575,000
- Price Range: $25,000 – $2,300,000
- Price per Sq Ft (Avg/Median): $275 / $279
- Square Footage (Avg/Median): 2,105 / 1,894
- Square Footage Range: 750 – 9,052
- Days on Market (Avg/Median): 61 / 40
- Days on Market Range: 2 – 344
- New Listings: 26
- Total Listings: 394
Sales by Property Type
Condo
Avg/Median Price$309,664 / $285,000Range$159,000 – $584,999Price per Sq Ft$257 / $258Sq Ft1,225 / 1,028DOM60 / 43New2Total46
Land
Avg/Median Price$1,198,983 / $699,900Range$650,000 – $2,300,000Price per Sq Ft—Sq Ft—DOM96 / 41New1Total6
Manufactured
Avg/Median Price$107,305 / $85,000Range$25,000 – $285,900Price per Sq Ft$90 / $66Sq Ft1,210 / 1,188DOM109 / 75New2Total38
Single Family
Avg/Median Price$692,643 / $664,900Range$329,000 – $1,865,000Price per Sq Ft$302 / $290Sq Ft2,453 / 2,354DOM54 / 38New17Total267
Townhouse
Avg/Median Price$450,746 / $424,900Range$299,717 – $619,900Price per Sq Ft$290 / $281Sq Ft1,607 / 1,570DOM61 / 39New4Total37
Sales by Bedroom Count
1 Beds
Avg:$161,500Median:$159,000Range:$159,000 – $164,000PSF:$208 / $206Sq Ft:778 / 771DOM:125 / 93New:0Total:2
2 Beds
Avg:$311,433Median:$330,000Range:$25,000 – $619,900PSF:$260 / $291Sq Ft:1,187 / 1,152DOM:59 / 38New:9Total:104
3 Beds
Avg:$531,142Median:$549,400Range:$51,000 – $1,600,000PSF:$301 / $288Sq Ft:1,790 / 1,711DOM:57 / 31New:7Total:116
4 Beds
Avg:$739,677Median:$708,900Range:$162,000 – $1,865,000PSF:$275 / $277Sq Ft:2,719 / 2,624DOM:59 / 41New:9Total:119
5 Beds
Avg:$790,713Median:$774,000Range:$525,000 – $1,295,000PSF:$251 / $242Sq Ft:3,202 / 3,129DOM:69 / 65New:0Total:40
6 Beds
Avg:$876,358Median:$799,990Range:$619,900 – $1,275,000PSF:$231 / $233Sq Ft:3,776 / 3,656DOM:90 / 73New:0Total:5
7 Beds
Avg:$789,500Median:$685,000Range:$685,000 – $894,000PSF:$137 / $76Sq Ft:6,772 / 4,493DOM:18 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $161,500 | $159,000 | $159,000 – $164,000 | $208 / $206 | 778 / 771 | 125 / 93 | 0 | 2 |
| 2 Beds | $311,433 | $330,000 | $25,000 – $619,900 | $260 / $291 | 1,187 / 1,152 | 59 / 38 | 9 | 104 |
| 3 Beds | $531,142 | $549,400 | $51,000 – $1,600,000 | $301 / $288 | 1,790 / 1,711 | 57 / 31 | 7 | 116 |
| 4 Beds | $739,677 | $708,900 | $162,000 – $1,865,000 | $275 / $277 | 2,719 / 2,624 | 59 / 41 | 9 | 119 |
| 5 Beds | $790,713 | $774,000 | $525,000 – $1,295,000 | $251 / $242 | 3,202 / 3,129 | 69 / 65 | 0 | 40 |
| 6 Beds | $876,358 | $799,990 | $619,900 – $1,275,000 | $231 / $233 | 3,776 / 3,656 | 90 / 73 | 0 | 5 |
| 7 Beds | $789,500 | $685,000 | $685,000 – $894,000 | $137 / $76 | 6,772 / 4,493 | 18 / 18 | 0 | 2 |
Rental Market Overview
Median Rent
$1,917
−9.5%
Median DOM
1
0.0%
New Listings
44
Inventory
116
−4.1%
- Average Rent: $2,403
- Median Rent: $1,917
- Rent Range: $1,230 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,198 / 880
- Square Footage Range: 504 – 3,104
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 334
- New Listings: 44
- Total Listings: 116
Rentals by Property Type
Apartment
$1,799
Median DOM: 1
Inventory: 81
MoM: −9.5%
Condo
$2,725
Median DOM: 1
Inventory: 2
MoM: −9.5%
Single Family
$3,395
Median DOM: 1
Inventory: 25
MoM: −9.5%
Townhouse
$2,400
Median DOM: 1
Inventory: 8
MoM: −9.5%
Apartment
Avg/Median Rent$2,010 / $1,799Range$1,230 – $4,733Rent per Sq Ft$2 / $2Sq Ft845 / 750DOM16 / 1New28Total81
Condo
Avg/Median Rent$2,938 / $2,725Range$2,725 – $3,150Rent per Sq Ft$2 / $2Sq Ft1,853 / 1,682DOM1 / 1New0Total2
Single Family
Avg/Median Rent$3,644 / $3,395Range$2,650 – $7,500Rent per Sq Ft$2 / $2Sq Ft2,232 / 2,200DOM20 / 1New12Total25
Townhouse
Avg/Median Rent$2,370 / $2,400Range$1,695 – $3,050Rent per Sq Ft$2 / $2Sq Ft1,330 / 1,178DOM9 / 1New4Total8
Rentals by Bedroom Count
Studio
Avg:$2,172Median:$1,843Range:$1,843 – $2,500PSF:$3 / $3Sq Ft:688 / 688DOM:21 / 1New:1Total:2
1 Beds
Avg:$1,731Median:$1,762Range:$1,230 – $2,418PSF:$2 / $2Sq Ft:714 / 714DOM:3 / 1New:18Total:51
2 Beds
Avg:$2,285Median:$2,324Range:$1,350 – $4,733PSF:$2 / $2Sq Ft:1,020 / 1,029DOM:34 / 1New:8Total:27
3 Beds
Avg:$3,249Median:$2,950Range:$1,795 – $7,500PSF:$2 / $2Sq Ft:1,643 / 1,570DOM:29 / 1New:7Total:20
4 Beds
Avg:$3,720Median:$3,485Range:$3,000 – $7,400PSF:$2 / $2Sq Ft:2,421 / 2,408DOM:9 / 1New:8Total:13
5 Beds
Avg:$3,675Median:$3,785Range:$3,395 – $3,845PSF:$1 / $1Sq Ft:2,922 / 2,946DOM:1 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,172 | $1,843 | $1,843 – $2,500 | $3 / $3 | 688 / 688 | 21 / 1 | 1 | 2 |
| 1 Beds | $1,731 | $1,762 | $1,230 – $2,418 | $2 / $2 | 714 / 714 | 3 / 1 | 18 | 51 |
| 2 Beds | $2,285 | $2,324 | $1,350 – $4,733 | $2 / $2 | 1,020 / 1,029 | 34 / 1 | 8 | 27 |
| 3 Beds | $3,249 | $2,950 | $1,795 – $7,500 | $2 / $2 | 1,643 / 1,570 | 29 / 1 | 7 | 20 |
| 4 Beds | $3,720 | $3,485 | $3,000 – $7,400 | $2 / $2 | 2,421 / 2,408 | 9 / 1 | 8 | 13 |
| 5 Beds | $3,675 | $3,785 | $3,395 – $3,845 | $1 / $1 | 2,922 / 2,946 | 1 / 1 | 2 | 3 |
6-Month Sales Trend
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:42New:91Total:383
Aug 2026
Median Price:$575,000Median DOM:40New:26Total:394
6-Month Rental Trend
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:$2,119Median DOM:1New:61Total:121
Aug 2026
Median Rent:$1,917Median DOM:1New:44Total:116
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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