ZIP 97233 Housing Market Report
Portland Metro
Report period: August 2026
97233 Monthly Market Update – August 2026
ZIP 97233 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$399,999
+1.3%
Median DOM (Sales)
55
+10.0%
New Listings (Sales)
10
−68.8%
Median Rent
$1,425
+2.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
172
+3.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (17 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($749,900 median)
Sales Market Overview
Median Price
$399,999
+1.3%
Median DOM
55
+10.0%
New Listings
10
−68.8%
Inventory
155
+1.3%
- Average Price: $436,515
- Median Price: $399,999
- Price Range: $50,000 – $2,890,000
- Price per Sq Ft (Avg/Median): $265 / $248
- Square Footage (Avg/Median): 1,743 / 1,283
- Square Footage Range: 397 – 14,080
- Days on Market (Avg/Median): 70 / 55
- Days on Market Range: 2 – 334
- New Listings: 10
- Total Listings: 155
Sales by Property Type
Condo
Avg/Median Price$238,140 / $218,000Range$155,265 – $419,900Price per Sq Ft$225 / $219Sq Ft1,064 / 1,014DOM116 / 101New1Total34
Land
Avg/Median Price$521,930 / $349,900Range$219,900 – $1,300,000Price per Sq Ft—Sq Ft—DOM113 / 104New0Total5
Manufactured
Avg/Median Price$68,211 / $67,000Range$50,000 – $84,999Price per Sq Ft$98 / $89Sq Ft756 / 789DOM105 / 68New0Total9
Multi-Family
Avg/Median Price$1,176,038 / $713,000Range$424,900 – $2,890,000Price per Sq Ft$221 / $211Sq Ft6,816 / 6,076DOM62 / 57New0Total12
Single Family
Avg/Median Price$444,740 / $435,000Range$275,000 – $624,900Price per Sq Ft$301 / $288Sq Ft1,599 / 1,465DOM52 / 34New9Total90
Townhouse
Avg/Median Price$440,080 / $329,500Range$265,000 – $749,900Price per Sq Ft$269 / $270Sq Ft1,595 / 1,308DOM40 / 17New0Total5
Sales by Bedroom Count
1 Beds
Avg:$103,300Median:$84,900Range:$50,000 – $175,000PSF:$182 / $214Sq Ft:558 / 552DOM:75 / 11New:0Total:3
2 Beds
Avg:$215,903Median:$200,000Range:$55,000 – $398,000PSF:$227 / $210Sq Ft:960 / 962DOM:111 / 102New:1Total:36
3 Beds
Avg:$437,606Median:$399,999Range:$65,000 – $2,890,000PSF:$301 / $290Sq Ft:1,567 / 1,283DOM:57 / 38New:5Total:64
4 Beds
Avg:$525,945Median:$499,900Range:$274,900 – $1,925,000PSF:$252 / $253Sq Ft:2,199 / 2,012DOM:50 / 35New:2Total:29
5 Beds
Avg:$768,658Median:$524,950Range:$465,000 – $2,200,000PSF:$247 / $218Sq Ft:3,698 / 2,181DOM:47 / 38New:2Total:12
6 Beds
Avg:$811,200Median:$749,900Range:$465,000 – $1,279,900PSF:$228 / $211Sq Ft:3,846 / 3,168DOM:88 / 71New:0Total:4
7 Beds
Avg:$619,900Median:$619,900Range:$619,900 – $619,900PSF:—Sq Ft:—DOM:82 / 70New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $103,300 | $84,900 | $50,000 – $175,000 | $182 / $214 | 558 / 552 | 75 / 11 | 0 | 3 |
| 2 Beds | $215,903 | $200,000 | $55,000 – $398,000 | $227 / $210 | 960 / 962 | 111 / 102 | 1 | 36 |
| 3 Beds | $437,606 | $399,999 | $65,000 – $2,890,000 | $301 / $290 | 1,567 / 1,283 | 57 / 38 | 5 | 64 |
| 4 Beds | $525,945 | $499,900 | $274,900 – $1,925,000 | $252 / $253 | 2,199 / 2,012 | 50 / 35 | 2 | 29 |
| 5 Beds | $768,658 | $524,950 | $465,000 – $2,200,000 | $247 / $218 | 3,698 / 2,181 | 47 / 38 | 2 | 12 |
| 6 Beds | $811,200 | $749,900 | $465,000 – $1,279,900 | $228 / $211 | 3,846 / 3,168 | 88 / 71 | 0 | 4 |
| 7 Beds | $619,900 | $619,900 | $619,900 – $619,900 | — | — | 82 / 70 | 0 | 2 |
Rental Market Overview
Median Rent
$1,425
+2.2%
Median DOM
1
0.0%
New Listings
67
Inventory
172
+3.0%
- Average Rent: $1,515
- Median Rent: $1,425
- Rent Range: $725 – $3,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 890 / 862
- Square Footage Range: 410 – 2,500
- Days on Market (Avg/Median): 42 / 1
- Days on Market Range: 1 – 365
- New Listings: 67
- Total Listings: 172
Rentals by Property Type
Apartment
$1,399
Median DOM: 1
Inventory: 134
MoM: +2.2%
Condo
$1,195
Median DOM: 1
Inventory: 10
MoM: +2.2%
Single Family
$2,099
Median DOM: 1
Inventory: 23
MoM: +2.2%
Townhouse
$1,795
Median DOM: 1
Inventory: 5
MoM: +2.2%
Apartment
Avg/Median Rent$1,433 / $1,399Range$725 – $2,895Rent per Sq Ft$2 / $2Sq Ft842 / 852DOM57 / 1New38Total134
Condo
Avg/Median Rent$1,221 / $1,195Range$1,095 – $1,395Rent per Sq Ft$2 / $2Sq Ft742 / 800DOM1 / 1New10Total10
Single Family
Avg/Median Rent$2,047 / $2,099Range$995 – $3,950Rent per Sq Ft$2 / $2Sq Ft1,192 / 1,066DOM2 / 1New17Total23
Townhouse
Avg/Median Rent$1,868 / $1,795Range$1,550 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,121 / 1,150DOM2 / 1New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,067Median:$1,100Range:$725 – $1,350PSF:$2 / $2Sq Ft:508 / 500DOM:157 / 201New:1Total:9
1 Beds
Avg:$1,197Median:$1,200Range:$950 – $1,375PSF:$2 / $2Sq Ft:617 / 620DOM:35 / 1New:12Total:43
2 Beds
Avg:$1,456Median:$1,482Range:$1,125 – $1,895PSF:$2 / $2Sq Ft:893 / 900DOM:53 / 1New:34Total:86
3 Beds
Avg:$2,162Median:$1,950Range:$1,495 – $3,950PSF:$2 / $2Sq Ft:1,301 / 1,200DOM:10 / 1New:19Total:33
4 Beds
Avg:$2,995Median:$2,995Range:$2,995 – $2,995PSF:$2 / $2Sq Ft:1,500 / 1,500DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,067 | $1,100 | $725 – $1,350 | $2 / $2 | 508 / 500 | 157 / 201 | 1 | 9 |
| 1 Beds | $1,197 | $1,200 | $950 – $1,375 | $2 / $2 | 617 / 620 | 35 / 1 | 12 | 43 |
| 2 Beds | $1,456 | $1,482 | $1,125 – $1,895 | $2 / $2 | 893 / 900 | 53 / 1 | 34 | 86 |
| 3 Beds | $2,162 | $1,950 | $1,495 – $3,950 | $2 / $2 | 1,301 / 1,200 | 10 / 1 | 19 | 33 |
| 4 Beds | $2,995 | $2,995 | $2,995 – $2,995 | $2 / $2 | 1,500 / 1,500 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$380,000Median DOM:33New:34Total:135
Apr 2026
Median Price:$389,000Median DOM:37New:33Total:137
May 2026
Median Price:$399,000Median DOM:39New:40Total:157
Jun 2026
Median Price:$395,000Median DOM:47New:35Total:159
Jul 2026
Median Price:$395,000Median DOM:50New:32Total:153
Aug 2026
Median Price:$399,999Median DOM:55New:10Total:155
6-Month Rental Trend
Mar 2026
Median Rent:$1,425Median DOM:1New:80Total:185
Apr 2026
Median Rent:$1,428Median DOM:1New:65Total:180
May 2026
Median Rent:$1,400Median DOM:1New:62Total:162
Jun 2026
Median Rent:$1,400Median DOM:1New:61Total:157
Jul 2026
Median Rent:$1,395Median DOM:1New:80Total:167
Aug 2026
Median Rent:$1,425Median DOM:1New:67Total:172
Key Market Takeaways
Median sale prices moved higher 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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