ZIP 97229 Housing Market Report
Portland Metro
Report period: August 2026
97229 Monthly Market Update – August 2026
ZIP 97229 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$762,000
0.0%
Median DOM (Sales)
49
+8.9%
New Listings (Sales)
43
−67.9%
Median Rent
$2,243
+3.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
341
+2.7%
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: Multi-Family (19 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,098,900 median)
Sales Market Overview
Median Price
$762,000
0.0%
Median DOM
49
+8.9%
New Listings
43
−67.9%
Inventory
615
+0.5%
- Average Price: $817,660
- Median Price: $762,000
- Price Range: $150,000 – $5,750,000
- Price per Sq Ft (Avg/Median): $315 / $303
- Square Footage (Avg/Median): 2,628 / 2,509
- Square Footage Range: 467 – 12,669
- Days on Market (Avg/Median): 67 / 49
- Days on Market Range: 1 – 354
- New Listings: 43
- Total Listings: 615
Sales by Property Type
Condo
Avg/Median Price$328,964 / $305,000Range$158,400 – $638,000Price per Sq Ft$294 / $294Sq Ft1,127 / 1,083DOM73 / 48New4Total90
Land
Avg/Median Price$499,604 / $379,900Range$150,000 – $1,895,000Price per Sq Ft—Sq Ft—DOM102 / 86New0Total24
Multi-Family
Avg/Median Price$866,267 / $899,900Range$799,000 – $899,900Price per Sq Ft$311 / $300Sq Ft2,742 / 2,485DOM23 / 19New0Total3
Single Family
Avg/Median Price$985,292 / $856,900Range$399,900 – $5,750,000Price per Sq Ft$323 / $310Sq Ft3,079 / 2,876DOM62 / 45New37Total438
Townhouse
Avg/Median Price$451,786 / $431,000Range$314,000 – $674,900Price per Sq Ft$287 / $287Sq Ft1,586 / 1,572DOM90 / 80New2Total60
Sales by Bedroom Count
Studio
Avg:$169,950Median:$165,000Range:$165,000 – $174,900PSF:$364 / $353Sq Ft:467 / 467DOM:172 / 63New:0Total:2
1 Beds
Avg:$207,407Median:$210,000Range:$158,400 – $250,000PSF:$314 / $328Sq Ft:661 / 634DOM:55 / 31New:0Total:15
2 Beds
Avg:$387,484Median:$358,000Range:$179,000 – $985,000PSF:$300 / $292Sq Ft:1,274 / 1,119DOM:83 / 58New:5Total:90
3 Beds
Avg:$624,338Median:$595,000Range:$325,000 – $2,190,000PSF:$326 / $311Sq Ft:1,911 / 1,784DOM:63 / 46New:9Total:129
4 Beds
Avg:$950,605Median:$839,000Range:$475,000 – $5,750,000PSF:$320 / $308Sq Ft:2,954 / 2,724DOM:64 / 42New:20Total:198
5 Beds
Avg:$1,158,313Median:$984,900Range:$709,000 – $4,950,000PSF:$310 / $297Sq Ft:3,701 / 3,385DOM:60 / 52New:7Total:128
6 Beds
Avg:$1,182,542Median:$1,025,000Range:$799,000 – $2,395,000PSF:$296 / $275Sq Ft:4,060 / 3,757DOM:69 / 58New:2Total:27
7 Beds
Avg:$1,796,950Median:$1,098,900Range:$1,098,900 – $2,495,000PSF:$253 / $246Sq Ft:7,180 / 4,224DOM:—New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $169,950 | $165,000 | $165,000 – $174,900 | $364 / $353 | 467 / 467 | 172 / 63 | 0 | 2 |
| 1 Beds | $207,407 | $210,000 | $158,400 – $250,000 | $314 / $328 | 661 / 634 | 55 / 31 | 0 | 15 |
| 2 Beds | $387,484 | $358,000 | $179,000 – $985,000 | $300 / $292 | 1,274 / 1,119 | 83 / 58 | 5 | 90 |
| 3 Beds | $624,338 | $595,000 | $325,000 – $2,190,000 | $326 / $311 | 1,911 / 1,784 | 63 / 46 | 9 | 129 |
| 4 Beds | $950,605 | $839,000 | $475,000 – $5,750,000 | $320 / $308 | 2,954 / 2,724 | 64 / 42 | 20 | 198 |
| 5 Beds | $1,158,313 | $984,900 | $709,000 – $4,950,000 | $310 / $297 | 3,701 / 3,385 | 60 / 52 | 7 | 128 |
| 6 Beds | $1,182,542 | $1,025,000 | $799,000 – $2,395,000 | $296 / $275 | 4,060 / 3,757 | 69 / 58 | 2 | 27 |
| 7 Beds | $1,796,950 | $1,098,900 | $1,098,900 – $2,495,000 | $253 / $246 | 7,180 / 4,224 | — | 0 | 2 |
Rental Market Overview
Median Rent
$2,243
+3.8%
Median DOM
1
0.0%
New Listings
168
Inventory
341
+2.7%
- Average Rent: $2,470
- Median Rent: $2,243
- Rent Range: $1,095 – $9,425
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,466 / 1,071
- Square Footage Range: 343 – 4,400
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 329
- New Listings: 168
- Total Listings: 341
Rentals by Property Type
Apartment
$1,779
Median DOM: 1
Inventory: 155
MoM: +3.8%
Condo
$1,295
Median DOM: 1
Inventory: 6
MoM: +3.8%
Single Family
$2,995
Median DOM: 1
Inventory: 159
MoM: +3.8%
Townhouse
$2,495
Median DOM: 1
Inventory: 18
MoM: +3.8%
Apartment
Avg/Median Rent$1,908 / $1,779Range$1,182 – $5,953Rent per Sq Ft$2 / $2Sq Ft910 / 864DOM37 / 1New68Total155
Condo
Avg/Median Rent$1,404 / $1,295Range$1,195 – $1,850Rent per Sq Ft$2 / $2Sq Ft713 / 596DOM3 / 1New3Total6
Multi-Family
Avg/Median Rent$2,305 / $2,225Range$1,995 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,285 / 1,254DOM24 / 1New0Total3
Single Family
Avg/Median Rent$3,040 / $2,995Range$1,095 – $9,425Rent per Sq Ft$2 / $2Sq Ft2,029 / 2,002DOM7 / 1New92Total159
Townhouse
Avg/Median Rent$2,659 / $2,495Range$1,350 – $6,350Rent per Sq Ft$2 / $2Sq Ft1,520 / 1,456DOM11 / 1New5Total18
Rentals by Bedroom Count
Studio
Avg:$1,296Median:$1,295Range:$1,295 – $1,298PSF:$3 / $3Sq Ft:405 / 343DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,562Median:$1,569Range:$1,095 – $2,527PSF:$2 / $2Sq Ft:691 / 722DOM:43 / 1New:29Total:56
2 Beds
Avg:$1,969Median:$1,849Range:$1,182 – $6,350PSF:$2 / $2Sq Ft:1,014 / 982DOM:23 / 1New:57Total:134
3 Beds
Avg:$2,852Median:$2,650Range:$1,395 – $6,250PSF:$2 / $2Sq Ft:1,636 / 1,510DOM:15 / 1New:31Total:65
4 Beds
Avg:$3,519Median:$3,195Range:$2,550 – $9,425PSF:$1 / $1Sq Ft:2,376 / 2,290DOM:8 / 1New:36Total:60
5 Beds
Avg:$3,712Median:$3,500Range:$2,999 – $5,295PSF:$1 / $1Sq Ft:2,954 / 2,781DOM:3 / 1New:11Total:20
6 Beds
Avg:$4,372Median:$3,995Range:$3,500 – $5,500PSF:$1 / $1Sq Ft:3,958 / 3,728DOM:9 / 1New:3Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,296 | $1,295 | $1,295 – $1,298 | $3 / $3 | 405 / 343 | 1 / 1 | 1 | 2 |
| 1 Beds | $1,562 | $1,569 | $1,095 – $2,527 | $2 / $2 | 691 / 722 | 43 / 1 | 29 | 56 |
| 2 Beds | $1,969 | $1,849 | $1,182 – $6,350 | $2 / $2 | 1,014 / 982 | 23 / 1 | 57 | 134 |
| 3 Beds | $2,852 | $2,650 | $1,395 – $6,250 | $2 / $2 | 1,636 / 1,510 | 15 / 1 | 31 | 65 |
| 4 Beds | $3,519 | $3,195 | $2,550 – $9,425 | $1 / $1 | 2,376 / 2,290 | 8 / 1 | 36 | 60 |
| 5 Beds | $3,712 | $3,500 | $2,999 – $5,295 | $1 / $1 | 2,954 / 2,781 | 3 / 1 | 11 | 20 |
| 6 Beds | $4,372 | $3,995 | $3,500 – $5,500 | $1 / $1 | 3,958 / 3,728 | 9 / 1 | 3 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$775,000Median DOM:32New:145Total:462
Apr 2026
Median Price:$775,000Median DOM:34New:153Total:504
May 2026
Median Price:$775,000Median DOM:33New:178Total:557
Jun 2026
Median Price:$774,000Median DOM:35New:182Total:613
Jul 2026
Median Price:$762,000Median DOM:45New:134Total:612
Aug 2026
Median Price:$762,000Median DOM:49New:43Total:615
6-Month Rental Trend
Mar 2026
Median Rent:$1,888Median DOM:1New:148Total:270
Apr 2026
Median Rent:$1,859Median DOM:1New:148Total:292
May 2026
Median Rent:$1,929Median DOM:1New:147Total:289
Jun 2026
Median Rent:$1,988Median DOM:1New:177Total:312
Jul 2026
Median Rent:$2,161Median DOM:1New:190Total:332
Aug 2026
Median Rent:$2,243Median DOM:1New:168Total:341
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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