ZIP 97233 Housing Market Report
Portland Metro
Report period: July 2026
97233 Monthly Market Update – July 2026
ZIP 97233 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$394,950
−0.0%
Median DOM (Sales)
52
+10.6%
New Listings (Sales)
11
−68.6%
Median Rent
$1,395
−0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
159
+1.3%
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 (33 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($619,900 median)
Sales Market Overview
Median Price
$394,950
−0.0%
Median DOM
52
+10.6%
New Listings
11
−68.6%
Inventory
159
0.0%
- Average Price: $426,176
- Median Price: $394,950
- Price Range: $55,000 – $2,890,000
- Price per Sq Ft (Avg/Median): $265 / $242
- Square Footage (Avg/Median): 1,711 / 1,254
- Square Footage Range: 397 – 14,080
- Days on Market (Avg/Median): 69 / 52
- Days on Market Range: 2 – 364
- New Listings: 11
- Total Listings: 159
Sales by Property Type
Condo
Avg/Median Price$234,618 / $225,000Range$150,000 – $374,900Price per Sq Ft$226 / $219Sq Ft1,055 / 1,003DOM97 / 82New1Total40
Land
Avg/Median Price$524,942 / $349,900Range$219,900 – $1,300,000Price per Sq Ft—Sq Ft—DOM85 / 74New0Total6
Manufactured
Avg/Median Price$74,080 / $73,900Range$55,000 – $85,000Price per Sq Ft$96 / $79Sq Ft841 / 820DOM79 / 38New0Total10
Multi-Family
Avg/Median Price$1,181,629 / $720,000Range$424,900 – $2,890,000Price per Sq Ft$225 / $211Sq Ft6,822 / 6,076DOM46 / 43New0Total12
Single Family
Avg/Median Price$443,890 / $420,000Range$275,000 – $640,000Price per Sq Ft$306 / $303Sq Ft1,589 / 1,436DOM60 / 33New10Total88
Townhouse
Avg/Median Price$414,967 / $265,000Range$230,000 – $749,900Price per Sq Ft$237 / $203Sq Ft1,623 / 1,308DOM49 / 57New0Total3
Sales by Bedroom Count
1 Beds
Avg:$149,967Median:$175,000Range:$84,900 – $190,000PSF:$234 / $242Sq Ft:630 / 724DOM:106 / 104New:0Total:3
2 Beds
Avg:$218,320Median:$215,000Range:$55,000 – $550,000PSF:$228 / $212Sq Ft:971 / 962DOM:93 / 80New:1Total:43
3 Beds
Avg:$428,424Median:$395,000Range:$65,000 – $2,890,000PSF:$301 / $315Sq Ft:1,545 / 1,283DOM:60 / 35New:7Total:65
4 Beds
Avg:$548,089Median:$499,900Range:$374,900 – $1,925,000PSF:$255 / $248Sq Ft:2,273 / 2,014DOM:49 / 35New:1Total:23
5 Beds
Avg:$806,404Median:$548,000Range:$485,000 – $2,200,000PSF:$248 / $223Sq Ft:3,902 / 2,213DOM:35 / 22New:2Total:11
6 Beds
Avg:$701,800Median:$549,000Range:$417,000 – $1,279,900PSF:$203 / $167Sq Ft:3,485 / 3,168DOM:127 / 64New:0Total:6
7 Beds
Avg:$619,900Median:$619,900Range:$619,900 – $619,900PSF:—Sq Ft:—DOM:64 / 63New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $149,967 | $175,000 | $84,900 – $190,000 | $234 / $242 | 630 / 724 | 106 / 104 | 0 | 3 |
| 2 Beds | $218,320 | $215,000 | $55,000 – $550,000 | $228 / $212 | 971 / 962 | 93 / 80 | 1 | 43 |
| 3 Beds | $428,424 | $395,000 | $65,000 – $2,890,000 | $301 / $315 | 1,545 / 1,283 | 60 / 35 | 7 | 65 |
| 4 Beds | $548,089 | $499,900 | $374,900 – $1,925,000 | $255 / $248 | 2,273 / 2,014 | 49 / 35 | 1 | 23 |
| 5 Beds | $806,404 | $548,000 | $485,000 – $2,200,000 | $248 / $223 | 3,902 / 2,213 | 35 / 22 | 2 | 11 |
| 6 Beds | $701,800 | $549,000 | $417,000 – $1,279,900 | $203 / $167 | 3,485 / 3,168 | 127 / 64 | 0 | 6 |
| 7 Beds | $619,900 | $619,900 | $619,900 – $619,900 | — | — | 64 / 63 | 0 | 2 |
Rental Market Overview
Median Rent
$1,395
−0.4%
Median DOM
1
0.0%
New Listings
52
Inventory
159
+1.3%
- Average Rent: $1,503
- Median Rent: $1,395
- Rent Range: $725 – $4,399
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 869 / 852
- Square Footage Range: 410 – 2,500
- Days on Market (Avg/Median): 43 / 1
- Days on Market Range: 1 – 361
- New Listings: 52
- Total Listings: 159
Rentals by Property Type
Apartment
$1,375
Median DOM: 1
Inventory: 120
MoM: −0.4%
Condo
$1,245
Median DOM: 1
Inventory: 9
MoM: −0.4%
Single Family
$2,150
Median DOM: 1
Inventory: 26
MoM: −0.4%
Townhouse
$1,550
Median DOM: 1
Inventory: 4
MoM: −0.4%
Apartment
Avg/Median Rent$1,387 / $1,375Range$725 – $3,690Rent per Sq Ft$2 / $2Sq Ft794 / 840DOM62 / 1New29Total120
Condo
Avg/Median Rent$1,296 / $1,245Range$1,095 – $1,795Rent per Sq Ft$2 / $2Sq Ft848 / 800DOM1 / 1New8Total9
Single Family
Avg/Median Rent$2,077 / $2,150Range$995 – $4,399Rent per Sq Ft$2 / $2Sq Ft1,195 / 1,092DOM1 / 1New13Total26
Townhouse
Avg/Median Rent$1,724 / $1,550Range$1,495 – $2,100Rent per Sq Ft$2 / $1Sq Ft1,092 / 1,088DOM1 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,059Median:$1,050Range:$725 – $1,299PSF:$2 / $2Sq Ft:525 / 500DOM:78 / 9New:2Total:9
1 Beds
Avg:$1,245Median:$1,200Range:$845 – $3,690PSF:$2 / $2Sq Ft:611 / 620DOM:37 / 1New:15Total:45
2 Beds
Avg:$1,471Median:$1,495Range:$1,125 – $1,995PSF:$2 / $2Sq Ft:903 / 900DOM:56 / 1New:27Total:79
3 Beds
Avg:$2,203Median:$2,150Range:$1,495 – $4,399PSF:$2 / $2Sq Ft:1,292 / 1,160DOM:16 / 1New:8Total:26
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,059 | $1,050 | $725 – $1,299 | $2 / $2 | 525 / 500 | 78 / 9 | 2 | 9 |
| 1 Beds | $1,245 | $1,200 | $845 – $3,690 | $2 / $2 | 611 / 620 | 37 / 1 | 15 | 45 |
| 2 Beds | $1,471 | $1,495 | $1,125 – $1,995 | $2 / $2 | 903 / 900 | 56 / 1 | 27 | 79 |
| 3 Beds | $2,203 | $2,150 | $1,495 – $4,399 | $2 / $2 | 1,292 / 1,160 | 16 / 1 | 8 | 26 |
6-Month Sales Trend
Feb 2026
Median Price:$380,000Median DOM:55New:36Total:119
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:$394,950Median DOM:52New:11Total:159
6-Month Rental Trend
Feb 2026
Median Rent:$1,395Median DOM:1New:66Total:185
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:52Total:159
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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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