ZIP 97232 Housing Market Report
Portland Metro
Report period: August 2026
97232 Monthly Market Update – August 2026
ZIP 97232 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$535,000
−10.7%
Median DOM (Sales)
66
+15.8%
New Listings (Sales)
3
−72.7%
Median Rent
$1,499
−1.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
402
+10.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,325,000 median)
Sales Market Overview
Median Price
$535,000
−10.7%
Median DOM
66
+15.8%
New Listings
3
−72.7%
Inventory
64
+4.9%
- Average Price: $645,598
- Median Price: $535,000
- Price Range: $170,000 – $1,850,000
- Price per Sq Ft (Avg/Median): $348 / $331
- Square Footage (Avg/Median): 2,001 / 1,487
- Square Footage Range: 423 – 5,420
- Days on Market (Avg/Median): 79 / 66
- Days on Market Range: 4 – 362
- New Listings: 3
- Total Listings: 64
Sales by Property Type
Condo
Avg/Median Price$305,029 / $248,000Range$170,000 – $775,000Price per Sq Ft$350 / $349Sq Ft877 / 807DOM87 / 66New1Total29
Land
Avg/Median Price$444,780 / $475,000Range$250,000 – $600,000Price per Sq Ft—Sq Ft—DOM122 / 108New0Total5
Multi-Family
Avg/Median Price$1,099,833 / $1,099,000Range$870,000 – $1,370,000Price per Sq Ft$359 / $301Sq Ft3,820 / 3,826DOM97 / 109New0Total6
Single Family
Avg/Median Price$1,025,477 / $850,000Range$499,000 – $1,850,000Price per Sq Ft$340 / $313Sq Ft3,040 / 2,872DOM55 / 26New2Total22
Townhouse
Avg/Median Price$544,500 / $490,000Range$490,000 – $599,000Price per Sq Ft$383 / $361Sq Ft1,417 / 1,356DOM78 / 30New0Total2
Sales by Bedroom Count
Studio
Avg:$178,475Median:$170,000Range:$170,000 – $199,000PSF:$394 / $369Sq Ft:455 / 455DOM:86 / 66New:0Total:4
1 Beds
Avg:$231,135Median:$219,950Range:$186,000 – $359,900PSF:$337 / $328Sq Ft:696 / 687DOM:86 / 31New:1Total:10
2 Beds
Avg:$423,867Median:$329,000Range:$225,000 – $870,000PSF:$374 / $360Sq Ft:1,124 / 972DOM:87 / 73New:0Total:18
3 Beds
Avg:$826,445Median:$825,000Range:$499,000 – $1,490,000PSF:$308 / $303Sq Ft:2,717 / 2,808DOM:32 / 26New:1Total:11
4 Beds
Avg:$1,086,425Median:$850,000Range:$775,000 – $1,620,700PSF:$389 / $330Sq Ft:2,906 / 2,472DOM:142 / 44New:0Total:4
5 Beds
Avg:$1,258,725Median:$1,325,000Range:$749,900 – $1,595,000PSF:$359 / $270Sq Ft:3,667 / 3,389DOM:30 / 6New:1Total:4
6 Beds
Avg:$1,128,000Median:$995,000Range:$739,000 – $1,650,000PSF:$288 / $303Sq Ft:4,022 / 4,518DOM:84 / 92New:0Total:3
7 Beds
Avg:$1,371,250Median:$1,150,000Range:$1,115,000 – $1,850,000PSF:$354 / $331Sq Ft:3,847 / 3,826DOM:73 / 50New:0Total:4
8 Beds
Avg:$1,099,000Median:$1,099,000Range:$1,099,000 – $1,099,000PSF:$203 / $203Sq Ft:5,420 / 5,420DOM:115 / 115New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $178,475 | $170,000 | $170,000 – $199,000 | $394 / $369 | 455 / 455 | 86 / 66 | 0 | 4 |
| 1 Beds | $231,135 | $219,950 | $186,000 – $359,900 | $337 / $328 | 696 / 687 | 86 / 31 | 1 | 10 |
| 2 Beds | $423,867 | $329,000 | $225,000 – $870,000 | $374 / $360 | 1,124 / 972 | 87 / 73 | 0 | 18 |
| 3 Beds | $826,445 | $825,000 | $499,000 – $1,490,000 | $308 / $303 | 2,717 / 2,808 | 32 / 26 | 1 | 11 |
| 4 Beds | $1,086,425 | $850,000 | $775,000 – $1,620,700 | $389 / $330 | 2,906 / 2,472 | 142 / 44 | 0 | 4 |
| 5 Beds | $1,258,725 | $1,325,000 | $749,900 – $1,595,000 | $359 / $270 | 3,667 / 3,389 | 30 / 6 | 1 | 4 |
| 6 Beds | $1,128,000 | $995,000 | $739,000 – $1,650,000 | $288 / $303 | 4,022 / 4,518 | 84 / 92 | 0 | 3 |
| 7 Beds | $1,371,250 | $1,150,000 | $1,115,000 – $1,850,000 | $354 / $331 | 3,847 / 3,826 | 73 / 50 | 0 | 4 |
| 8 Beds | $1,099,000 | $1,099,000 | $1,099,000 – $1,099,000 | $203 / $203 | 5,420 / 5,420 | 115 / 115 | 0 | 1 |
Rental Market Overview
Median Rent
$1,499
−1.1%
Median DOM
1
0.0%
New Listings
196
Inventory
402
+10.1%
- Average Rent: $1,671
- Median Rent: $1,499
- Rent Range: $795 – $8,398
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 686 / 625
- Square Footage Range: 265 – 2,411
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 322
- New Listings: 196
- Total Listings: 402
Rentals by Property Type
Apartment
$1,499
Median DOM: 1
Inventory: 385
MoM: −1.1%
Condo
$1,295
Median DOM: 1
Inventory: 7
MoM: −1.1%
Single Family
$2,200
Median DOM: 1
Inventory: 9
MoM: −1.1%
Townhouse
$2,500
Median DOM: 1
Inventory: 1
MoM: −1.1%
Apartment
Avg/Median Rent$1,660 / $1,499Range$908 – $8,398Rent per Sq Ft$3 / $2Sq Ft675 / 618DOM15 / 1New189Total385
Condo
Avg/Median Rent$1,411 / $1,295Range$1,095 – $1,795Rent per Sq Ft$2 / $3Sq Ft611 / 663DOM3 / 1New2Total7
Single Family
Avg/Median Rent$2,246 / $2,200Range$795 – $3,595Rent per Sq Ft$2 / $2Sq Ft1,240 / 1,060DOM16 / 1New5Total9
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$5 / $5Sq Ft540 / 540DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,309Median:$1,275Range:$795 – $2,200PSF:$3 / $3Sq Ft:503 / 507DOM:17 / 1New:59Total:123
1 Beds
Avg:$1,593Median:$1,541Range:$1,000 – $2,515PSF:$3 / $3Sq Ft:652 / 638DOM:9 / 1New:101Total:208
2 Beds
Avg:$2,269Median:$2,198Range:$1,395 – $4,498PSF:$2 / $2Sq Ft:992 / 985DOM:17 / 1New:32Total:60
3 Beds
Avg:$3,293Median:$2,995Range:$1,425 – $6,580PSF:$2 / $2Sq Ft:1,514 / 1,294DOM:82 / 1New:3Total:7
4 Beds
Avg:$5,196Median:$3,595Range:$3,595 – $8,398PSF:$3 / $2Sq Ft:1,816 / 1,800DOM:77 / 12New:1Total:3
5 Beds
Avg:$4,595Median:$4,595Range:$4,595 – $4,595PSF:$3 / $3Sq Ft:1,800 / 1,800DOM:59 / 59New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,309 | $1,275 | $795 – $2,200 | $3 / $3 | 503 / 507 | 17 / 1 | 59 | 123 |
| 1 Beds | $1,593 | $1,541 | $1,000 – $2,515 | $3 / $3 | 652 / 638 | 9 / 1 | 101 | 208 |
| 2 Beds | $2,269 | $2,198 | $1,395 – $4,498 | $2 / $2 | 992 / 985 | 17 / 1 | 32 | 60 |
| 3 Beds | $3,293 | $2,995 | $1,425 – $6,580 | $2 / $2 | 1,514 / 1,294 | 82 / 1 | 3 | 7 |
| 4 Beds | $5,196 | $3,595 | $3,595 – $8,398 | $3 / $2 | 1,816 / 1,800 | 77 / 12 | 1 | 3 |
| 5 Beds | $4,595 | $4,595 | $4,595 – $4,595 | $3 / $3 | 1,800 / 1,800 | 59 / 59 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$530,000Median DOM:25New:16Total:40
Apr 2026
Median Price:$585,000Median DOM:24New:22Total:53
May 2026
Median Price:$600,000Median DOM:38New:11Total:58
Jun 2026
Median Price:$600,000Median DOM:60New:14Total:59
Jul 2026
Median Price:$599,000Median DOM:57New:11Total:61
Aug 2026
Median Price:$535,000Median DOM:66New:3Total:64
6-Month Rental Trend
Mar 2026
Median Rent:$1,545Median DOM:1New:157Total:278
Apr 2026
Median Rent:$1,585Median DOM:1New:189Total:299
May 2026
Median Rent:$1,541Median DOM:1New:230Total:340
Jun 2026
Median Rent:$1,496Median DOM:1New:231Total:359
Jul 2026
Median Rent:$1,515Median DOM:1New:217Total:365
Aug 2026
Median Rent:$1,499Median DOM:1New:196Total:402
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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