ZIP 97229 Housing Market Report
Portland Metro
Report period: July 2026
97229 Monthly Market Update – July 2026
ZIP 97229 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$760,000
−1.8%
Median DOM (Sales)
37
+5.7%
New Listings (Sales)
42
−76.9%
Median Rent
$1,995
+0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
315
+1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (3 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,099,000 median)
Sales Market Overview
Median Price
$760,000
−1.8%
Median DOM
37
+5.7%
New Listings
42
−76.9%
Inventory
602
−1.8%
- Average Price: $826,381
- Median Price: $760,000
- Price Range: $150,000 – $5,995,000
- Price per Sq Ft (Avg/Median): $317 / $307
- Square Footage (Avg/Median): 2,642 / 2,509
- Square Footage Range: 467 – 12,669
- Days on Market (Avg/Median): 60 / 37
- Days on Market Range: 1 – 353
- New Listings: 42
- Total Listings: 602
Sales by Property Type
Condo
Avg/Median Price$335,334 / $300,000Range$158,400 – $639,950Price per Sq Ft$295 / $288Sq Ft1,139 / 1,073DOM73 / 53New3Total78
Land
Avg/Median Price$484,481 / $365,000Range$150,000 – $1,895,000Price per Sq Ft—Sq Ft—DOM95 / 63New2Total26
Multi-Family
Avg/Median Price$899,900 / $899,900Range$899,900 – $899,900Price per Sq Ft$300 / $300Sq Ft3,000 / 3,000DOM11 / 3New1Total2
Single Family
Avg/Median Price$991,582 / $869,000Range$445,000 – $5,995,000Price per Sq Ft$325 / $313Sq Ft3,073 / 2,863DOM53 / 34New34Total431
Townhouse
Avg/Median Price$454,726 / $439,900Range$314,000 – $674,900Price per Sq Ft$291 / $289Sq Ft1,579 / 1,572DOM80 / 63New2Total65
Sales by Bedroom Count
Studio
Avg:$169,950Median:$165,000Range:$165,000 – $174,900PSF:$364 / $353Sq Ft:467 / 467DOM:157 / 63New:0Total:2
1 Beds
Avg:$201,280Median:$185,000Range:$158,400 – $250,000PSF:$305 / $282Sq Ft:661 / 626DOM:55 / 35New:0Total:10
2 Beds
Avg:$388,803Median:$365,000Range:$179,000 – $884,900PSF:$303 / $295Sq Ft:1,273 / 1,167DOM:79 / 57New:4Total:90
3 Beds
Avg:$638,373Median:$579,000Range:$340,000 – $2,190,000PSF:$330 / $315Sq Ft:1,933 / 1,767DOM:55 / 37New:9Total:121
4 Beds
Avg:$955,907Median:$835,000Range:$480,000 – $5,995,000PSF:$325 / $314Sq Ft:2,909 / 2,697DOM:55 / 32New:20Total:198
5 Beds
Avg:$1,166,365Median:$959,900Range:$650,000 – $4,950,000PSF:$309 / $299Sq Ft:3,745 / 3,470DOM:53 / 35New:5Total:125
6 Beds
Avg:$1,129,908Median:$999,990Range:$719,000 – $2,395,000PSF:$294 / $280Sq Ft:3,872 / 3,757DOM:51 / 34New:2Total:28
7 Beds
Avg:$1,797,000Median:$1,099,000Range:$1,099,000 – $2,495,000PSF:$253 / $246Sq Ft:7,180 / 4,224DOM:153 / 153New: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 | 157 / 63 | 0 | 2 |
| 1 Beds | $201,280 | $185,000 | $158,400 – $250,000 | $305 / $282 | 661 / 626 | 55 / 35 | 0 | 10 |
| 2 Beds | $388,803 | $365,000 | $179,000 – $884,900 | $303 / $295 | 1,273 / 1,167 | 79 / 57 | 4 | 90 |
| 3 Beds | $638,373 | $579,000 | $340,000 – $2,190,000 | $330 / $315 | 1,933 / 1,767 | 55 / 37 | 9 | 121 |
| 4 Beds | $955,907 | $835,000 | $480,000 – $5,995,000 | $325 / $314 | 2,909 / 2,697 | 55 / 32 | 20 | 198 |
| 5 Beds | $1,166,365 | $959,900 | $650,000 – $4,950,000 | $309 / $299 | 3,745 / 3,470 | 53 / 35 | 5 | 125 |
| 6 Beds | $1,129,908 | $999,990 | $719,000 – $2,395,000 | $294 / $280 | 3,872 / 3,757 | 51 / 34 | 2 | 28 |
| 7 Beds | $1,797,000 | $1,099,000 | $1,099,000 – $2,495,000 | $253 / $246 | 7,180 / 4,224 | 153 / 153 | 0 | 2 |
Rental Market Overview
Median Rent
$1,995
+0.4%
Median DOM
1
0.0%
New Listings
119
Inventory
315
+1.0%
- Average Rent: $2,382
- Median Rent: $1,995
- Rent Range: $1,095 – $8,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,378 / 1,006
- Square Footage Range: 467 – 4,167
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 351
- New Listings: 119
- Total Listings: 315
Rentals by Property Type
Apartment
$1,789
Median DOM: 1
Inventory: 146
MoM: +0.4%
Condo
$1,395
Median DOM: 1
Inventory: 10
MoM: +0.4%
Single Family
$2,995
Median DOM: 1
Inventory: 138
MoM: +0.4%
Townhouse
$2,495
Median DOM: 1
Inventory: 17
MoM: +0.4%
Apartment
Avg/Median Rent$1,878 / $1,789Range$1,125 – $5,953Rent per Sq Ft$2 / $2Sq Ft872 / 864DOM44 / 1New44Total146
Condo
Avg/Median Rent$1,545 / $1,395Range$1,145 – $2,700Rent per Sq Ft$2 / $2Sq Ft832 / 750DOM14 / 1New2Total10
Multi-Family
Avg/Median Rent$2,578 / $2,225Range$2,090 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,427 / 1,000DOM108 / 39New0Total4
Single Family
Avg/Median Rent$2,958 / $2,995Range$1,095 – $8,995Rent per Sq Ft$2 / $2Sq Ft1,944 / 1,920DOM7 / 1New68Total138
Townhouse
Avg/Median Rent$2,486 / $2,495Range$1,350 – $6,350Rent per Sq Ft$2 / $2Sq Ft1,404 / 1,371DOM10 / 1New5Total17
Rentals by Bedroom Count
Studio
Avg:$1,332Median:$1,300Range:$1,300 – $1,365PSF:$3 / $2Sq Ft:508 / 467DOM:1 / 1New:0Total:2
1 Beds
Avg:$1,526Median:$1,579Range:$1,095 – $1,970PSF:$2 / $2Sq Ft:682 / 721DOM:52 / 1New:20Total:59
2 Beds
Avg:$1,938Median:$1,834Range:$1,195 – $6,350PSF:$2 / $2Sq Ft:977 / 904DOM:27 / 1New:48Total:133
3 Beds
Avg:$2,942Median:$2,700Range:$1,395 – $8,800PSF:$2 / $2Sq Ft:1,665 / 1,562DOM:17 / 1New:18Total:54
4 Beds
Avg:$3,501Median:$3,295Range:$2,550 – $8,995PSF:$1 / $1Sq Ft:2,392 / 2,344DOM:9 / 1New:25Total:47
5 Beds
Avg:$3,760Median:$3,695Range:$3,100 – $5,195PSF:$1 / $1Sq Ft:2,924 / 2,781DOM:3 / 1New:8Total:18
6 Beds
Avg:$4,400Median:$4,200Range:$4,200 – $4,600PSF:$1 / $1Sq Ft:3,701 / 3,502DOM:16 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,332 | $1,300 | $1,300 – $1,365 | $3 / $2 | 508 / 467 | 1 / 1 | 0 | 2 |
| 1 Beds | $1,526 | $1,579 | $1,095 – $1,970 | $2 / $2 | 682 / 721 | 52 / 1 | 20 | 59 |
| 2 Beds | $1,938 | $1,834 | $1,195 – $6,350 | $2 / $2 | 977 / 904 | 27 / 1 | 48 | 133 |
| 3 Beds | $2,942 | $2,700 | $1,395 – $8,800 | $2 / $2 | 1,665 / 1,562 | 17 / 1 | 18 | 54 |
| 4 Beds | $3,501 | $3,295 | $2,550 – $8,995 | $1 / $1 | 2,392 / 2,344 | 9 / 1 | 25 | 47 |
| 5 Beds | $3,760 | $3,695 | $3,100 – $5,195 | $1 / $1 | 2,924 / 2,781 | 3 / 1 | 8 | 18 |
| 6 Beds | $4,400 | $4,200 | $4,200 – $4,600 | $1 / $1 | 3,701 / 3,502 | 16 / 1 | 0 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$779,999Median DOM:44New:123Total:427
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:$760,000Median DOM:37New:42Total:602
6-Month Rental Trend
Feb 2026
Median Rent:$1,850Median DOM:1New:128Total:281
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:$1,995Median DOM:1New:119Total:315
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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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