ZIP 97232 Housing Market Report
Portland Metro
Report period: July 2026
97232 Monthly Market Update – July 2026
ZIP 97232 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$599,000
−0.2%
Median DOM (Sales)
69
+15.0%
New Listings (Sales)
3
−78.6%
Median Rent
$1,514
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
366
+1.9%
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: Townhouse (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,270,000 median)
Sales Market Overview
Median Price
$599,000
−0.2%
Median DOM
69
+15.0%
New Listings
3
−78.6%
Inventory
55
−6.8%
- Average Price: $620,625
- Median Price: $599,000
- Price Range: $175,000 – $1,850,000
- Price per Sq Ft (Avg/Median): $346 / $336
- Square Footage (Avg/Median): 1,956 / 1,487
- Square Footage Range: 455 – 5,420
- Days on Market (Avg/Median): 77 / 69
- Days on Market Range: 4 – 360
- New Listings: 3
- Total Listings: 55
Sales by Property Type
Condo
Avg/Median Price$314,290 / $239,900Range$175,000 – $799,000Price per Sq Ft$351 / $344Sq Ft892 / 798DOM93 / 76New2Total24
Land
Avg/Median Price$454,780 / $525,000Range$250,000 – $600,000Price per Sq Ft—Sq Ft—DOM93 / 78New0Total5
Multi-Family
Avg/Median Price$1,020,500 / $995,000Range$519,000 – $1,370,000Price per Sq Ft$354 / $222Sq Ft3,573 / 3,367DOM88 / 85New0Total6
Single Family
Avg/Median Price$949,806 / $849,900Range$600,000 – $1,850,000Price per Sq Ft$331 / $313Sq Ft2,896 / 2,604DOM51 / 22New0Total18
Townhouse
Avg/Median Price$549,000 / $499,000Range$499,000 – $599,000Price per Sq Ft$387 / $368Sq Ft1,417 / 1,356DOM50 / 5New1Total2
Sales by Bedroom Count
Studio
Avg:$176,633Median:$175,000Range:$175,000 – $179,900PSF:$380 / $380Sq Ft:466 / 461DOM:77 / 56New:0Total:3
1 Beds
Avg:$211,193Median:$219,000Range:$186,000 – $225,000PSF:$349 / $337Sq Ft:612 / 560DOM:104 / 84New:0Total:7
2 Beds
Avg:$435,983Median:$335,000Range:$225,000 – $870,000PSF:$367 / $360Sq Ft:1,203 / 972DOM:86 / 61New:3Total:18
3 Beds
Avg:$771,322Median:$799,000Range:$600,000 – $950,000PSF:$304 / $307Sq Ft:2,626 / 2,536DOM:25 / 26New:0Total:9
4 Beds
Avg:$1,058,940Median:$915,000Range:$799,000 – $1,620,700PSF:$380 / $340Sq Ft:2,880 / 2,604DOM:97 / 14New:0Total:5
5 Beds
Avg:$749,900Median:$749,900Range:$749,900 – $749,900PSF:$221 / $221Sq Ft:3,389 / 3,389DOM:100 / 100New:0Total:1
6 Beds
Avg:$1,143,000Median:$995,000Range:$739,000 – $1,695,000PSF:$291 / $303Sq Ft:4,022 / 4,518DOM:57 / 70New:0Total:3
7 Beds
Avg:$1,397,250Median:$1,270,000Range:$1,099,000 – $1,850,000PSF:$341 / $334Sq Ft:4,246 / 4,096DOM:73 / 85New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $176,633 | $175,000 | $175,000 – $179,900 | $380 / $380 | 466 / 461 | 77 / 56 | 0 | 3 |
| 1 Beds | $211,193 | $219,000 | $186,000 – $225,000 | $349 / $337 | 612 / 560 | 104 / 84 | 0 | 7 |
| 2 Beds | $435,983 | $335,000 | $225,000 – $870,000 | $367 / $360 | 1,203 / 972 | 86 / 61 | 3 | 18 |
| 3 Beds | $771,322 | $799,000 | $600,000 – $950,000 | $304 / $307 | 2,626 / 2,536 | 25 / 26 | 0 | 9 |
| 4 Beds | $1,058,940 | $915,000 | $799,000 – $1,620,700 | $380 / $340 | 2,880 / 2,604 | 97 / 14 | 0 | 5 |
| 5 Beds | $749,900 | $749,900 | $749,900 – $749,900 | $221 / $221 | 3,389 / 3,389 | 100 / 100 | 0 | 1 |
| 6 Beds | $1,143,000 | $995,000 | $739,000 – $1,695,000 | $291 / $303 | 4,022 / 4,518 | 57 / 70 | 0 | 3 |
| 7 Beds | $1,397,250 | $1,270,000 | $1,099,000 – $1,850,000 | $341 / $334 | 4,246 / 4,096 | 73 / 85 | 0 | 4 |
Rental Market Overview
Median Rent
$1,514
+1.2%
Median DOM
1
0.0%
New Listings
162
Inventory
366
+1.9%
- Average Rent: $1,685
- Median Rent: $1,514
- Rent Range: $795 – $8,398
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 697 / 638
- Square Footage Range: 280 – 4,034
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 360
- New Listings: 162
- Total Listings: 366
Rentals by Property Type
Apartment
$1,514
Median DOM: 1
Inventory: 347
MoM: +1.2%
Condo
$1,249
Median DOM: 1
Inventory: 9
MoM: +1.2%
Single Family
$2,000
Median DOM: 1
Inventory: 9
MoM: +1.2%
Townhouse
$2,500
Median DOM: 1
Inventory: 1
MoM: +1.2%
Apartment
Avg/Median Rent$1,685 / $1,514Range$795 – $8,398Rent per Sq Ft$3 / $2Sq Ft691 / 638DOM15 / 1New154Total347
Condo
Avg/Median Rent$1,411 / $1,249Range$1,095 – $2,095Rent per Sq Ft$2 / $3Sq Ft614 / 460DOM2 / 1New2Total9
Single Family
Avg/Median Rent$1,897 / $2,000Range$795 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,000 / 790DOM16 / 1New5Total9
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$5 / $5Sq Ft540 / 540DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,332Median:$1,299Range:$795 – $2,200PSF:$3 / $3Sq Ft:502 / 504DOM:17 / 1New:42Total:106
1 Beds
Avg:$1,586Median:$1,550Range:$1,025 – $2,515PSF:$2 / $2Sq Ft:656 / 651DOM:9 / 1New:87Total:195
2 Beds
Avg:$2,289Median:$2,355Range:$1,395 – $3,336PSF:$2 / $2Sq Ft:1,032 / 985DOM:16 / 1New:32Total:58
3 Beds
Avg:$4,238Median:$2,995Range:$1,995 – $6,580PSF:$2 / $2Sq Ft:1,787 / 1,700DOM:142 / 38New:1Total:4
4 Beds
Avg:$5,996Median:$3,595Range:$3,595 – $8,398PSF:$4 / $2Sq Ft:1,600 / 1,399DOM:115 / 12New:0Total:2
5 Beds
Avg:$4,695Median:$4,695Range:$4,695 – $4,695PSF:$3 / $3Sq Ft:1,800 / 1,800DOM:29 / 29New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,332 | $1,299 | $795 – $2,200 | $3 / $3 | 502 / 504 | 17 / 1 | 42 | 106 |
| 1 Beds | $1,586 | $1,550 | $1,025 – $2,515 | $2 / $2 | 656 / 651 | 9 / 1 | 87 | 195 |
| 2 Beds | $2,289 | $2,355 | $1,395 – $3,336 | $2 / $2 | 1,032 / 985 | 16 / 1 | 32 | 58 |
| 3 Beds | $4,238 | $2,995 | $1,995 – $6,580 | $2 / $2 | 1,787 / 1,700 | 142 / 38 | 1 | 4 |
| 4 Beds | $5,996 | $3,595 | $3,595 – $8,398 | $4 / $2 | 1,600 / 1,399 | 115 / 12 | 0 | 2 |
| 5 Beds | $4,695 | $4,695 | $4,695 – $4,695 | $3 / $3 | 1,800 / 1,800 | 29 / 29 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$330,000Median DOM:40New:8Total:30
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:69New:3Total:55
6-Month Rental Trend
Feb 2026
Median Rent:$1,581Median DOM:1New:173Total:298
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:$1,514Median DOM:1New:162Total:366
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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