ZIP 97239 Housing Market Report
Portland Metro
Report period: May 2026
97239 Monthly Market Update – May 2026
ZIP 97239 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$675,000
+1.5%
Median DOM (Sales)
48
+2.1%
New Listings (Sales)
13
−74.0%
Median Rent
$1,785
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
390
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,499,990 median)
Sales Market Overview
Median Price
$675,000
+1.5%
Median DOM
48
+2.1%
New Listings
13
−74.0%
Inventory
196
0.0%
- Average Price: $783,238
- Median Price: $675,000
- Price Range: $95,000 – $3,499,900
- Price per Sq Ft (Avg/Median): $365 / $346
- Square Footage (Avg/Median): 2,270 / 2,032
- Square Footage Range: 539 – 9,695
- Days on Market (Avg/Median): 88 / 48
- Days on Market Range: 1 – 363
- New Listings: 13
- Total Listings: 196
Sales by Property Type
Condo
Avg/Median Price$545,664 / $448,500Range$180,000 – $1,650,000Price per Sq Ft$389 / $377Sq Ft1,365 / 1,176DOM94 / 57New2Total76
Land
Avg/Median Price$200,900 / $200,000Range$95,000 – $295,000Price per Sq Ft—Sq Ft—DOM188 / 109New0Total10
Multi-Family
Avg/Median Price$1,351,467 / $895,000Range$750,000 – $3,499,900Price per Sq Ft$314 / $292Sq Ft4,226 / 3,182DOM99 / 48New0Total6
Single Family
Avg/Median Price$1,059,093 / $945,000Range$399,000 – $2,795,000Price per Sq Ft$359 / $339Sq Ft2,997 / 2,832DOM68 / 31New10Total87
Townhouse
Avg/Median Price$575,600 / $525,000Range$375,000 – $1,299,995Price per Sq Ft$303 / $292Sq Ft1,903 / 1,764DOM125 / 60New1Total17
Sales by Bedroom Count
Studio
Avg:$311,400Median:$255,000Range:$242,000 – $545,000PSF:$482 / $383Sq Ft:652 / 640DOM:41 / 31New:0Total:5
1 Beds
Avg:$376,257Median:$385,000Range:$187,000 – $674,900PSF:$399 / $381Sq Ft:937 / 830DOM:82 / 58New:0Total:21
2 Beds
Avg:$616,513Median:$535,000Range:$180,000 – $1,650,000PSF:$362 / $355Sq Ft:1,638 / 1,594DOM:99 / 60New:5Total:62
3 Beds
Avg:$849,701Median:$824,999Range:$445,900 – $2,299,900PSF:$368 / $331Sq Ft:2,282 / 2,194DOM:69 / 45New:3Total:43
4 Beds
Avg:$1,137,156Median:$950,000Range:$550,000 – $2,795,000PSF:$351 / $338Sq Ft:3,237 / 3,128DOM:75 / 31New:3Total:41
5 Beds
Avg:$1,363,790Median:$1,075,000Range:$839,900 – $2,685,000PSF:$317 / $310Sq Ft:4,365 / 3,718DOM:112 / 96New:2Total:10
6 Beds
Avg:$1,841,633Median:$1,200,000Range:$825,000 – $3,499,900PSF:$275 / $292Sq Ft:6,197 / 4,781DOM:163 / 48New:0Total:3
7 Beds
Avg:$1,499,990Median:$1,499,990Range:$1,499,990 – $1,499,990PSF:$326 / $326Sq Ft:4,602 / 4,602DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $311,400 | $255,000 | $242,000 – $545,000 | $482 / $383 | 652 / 640 | 41 / 31 | 0 | 5 |
| 1 Beds | $376,257 | $385,000 | $187,000 – $674,900 | $399 / $381 | 937 / 830 | 82 / 58 | 0 | 21 |
| 2 Beds | $616,513 | $535,000 | $180,000 – $1,650,000 | $362 / $355 | 1,638 / 1,594 | 99 / 60 | 5 | 62 |
| 3 Beds | $849,701 | $824,999 | $445,900 – $2,299,900 | $368 / $331 | 2,282 / 2,194 | 69 / 45 | 3 | 43 |
| 4 Beds | $1,137,156 | $950,000 | $550,000 – $2,795,000 | $351 / $338 | 3,237 / 3,128 | 75 / 31 | 3 | 41 |
| 5 Beds | $1,363,790 | $1,075,000 | $839,900 – $2,685,000 | $317 / $310 | 4,365 / 3,718 | 112 / 96 | 2 | 10 |
| 6 Beds | $1,841,633 | $1,200,000 | $825,000 – $3,499,900 | $275 / $292 | 6,197 / 4,781 | 163 / 48 | 0 | 3 |
| 7 Beds | $1,499,990 | $1,499,990 | $1,499,990 – $1,499,990 | $326 / $326 | 4,602 / 4,602 | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$1,785
+0.3%
Median DOM
1
0.0%
New Listings
166
Inventory
390
0.0%
- Average Rent: $2,040
- Median Rent: $1,785
- Rent Range: $945 – $7,045
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 870 / 711
- Square Footage Range: 285 – 5,175
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 348
- New Listings: 166
- Total Listings: 390
Rentals by Property Type
Apartment
$1,752
Median DOM: 1
Inventory: 328
MoM: +0.3%
Condo
$1,399
Median DOM: 1
Inventory: 16
MoM: +0.3%
Single Family
$2,950
Median DOM: 1
Inventory: 40
MoM: +0.3%
Townhouse
$2,850
Median DOM: 1
Inventory: 4
MoM: +0.3%
Apartment
Avg/Median Rent$1,913 / $1,752Range$945 – $7,045Rent per Sq Ft$3 / $3Sq Ft750 / 680DOM18 / 1New139Total328
Condo
Avg/Median Rent$1,854 / $1,399Range$1,095 – $4,500Rent per Sq Ft$2 / $2Sq Ft884 / 800DOM15 / 1New5Total16
Multi-Family
Avg/Median Rent$3,185 / $2,495Range$2,495 – $3,875Rent per Sq Ft$2 / $2Sq Ft1,814 / 1,350DOM1 / 1New1Total2
Single Family
Avg/Median Rent$2,993 / $2,950Range$1,100 – $5,895Rent per Sq Ft$2 / $2Sq Ft1,712 / 1,600DOM4 / 1New19Total40
Townhouse
Avg/Median Rent$3,134 / $2,850Range$2,800 – $3,985Rent per Sq Ft$2 / $2Sq Ft1,737 / 1,492DOM2 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,371Median:$1,345Range:$945 – $2,230PSF:$3 / $3Sq Ft:474 / 488DOM:42 / 1New:17Total:43
1 Beds
Avg:$1,791Median:$1,732Range:$1,095 – $3,208PSF:$3 / $3Sq Ft:700 / 675DOM:10 / 1New:107Total:243
2 Beds
Avg:$2,609Median:$2,345Range:$1,295 – $7,045PSF:$2 / $2Sq Ft:1,125 / 1,021DOM:19 / 1New:31Total:78
3 Beds
Avg:$3,530Median:$3,395Range:$1,845 – $5,895PSF:$2 / $2Sq Ft:1,987 / 2,000DOM:35 / 1New:8Total:17
4 Beds
Avg:$4,282Median:$3,875Range:$2,995 – $5,750PSF:$1 / $1Sq Ft:3,143 / 2,400DOM:1 / 1New:3Total:8
6 Beds
Avg:$3,599Median:$3,599Range:$3,599 – $3,599PSF:$2 / $2Sq Ft:2,400 / 2,400DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,371 | $1,345 | $945 – $2,230 | $3 / $3 | 474 / 488 | 42 / 1 | 17 | 43 |
| 1 Beds | $1,791 | $1,732 | $1,095 – $3,208 | $3 / $3 | 700 / 675 | 10 / 1 | 107 | 243 |
| 2 Beds | $2,609 | $2,345 | $1,295 – $7,045 | $2 / $2 | 1,125 / 1,021 | 19 / 1 | 31 | 78 |
| 3 Beds | $3,530 | $3,395 | $1,845 – $5,895 | $2 / $2 | 1,987 / 2,000 | 35 / 1 | 8 | 17 |
| 4 Beds | $4,282 | $3,875 | $2,995 – $5,750 | $1 / $1 | 3,143 / 2,400 | 1 / 1 | 3 | 8 |
| 6 Beds | $3,599 | $3,599 | $3,599 – $3,599 | $2 / $2 | 2,400 / 2,400 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$599,000Median DOM:101New:15Total:176
Jan 2026
Median Price:$599,000Median DOM:103New:31Total:164
Feb 2026
Median Price:$595,000Median DOM:107New:14Total:163
Mar 2026
Median Price:$629,900Median DOM:63New:42Total:169
Apr 2026
Median Price:$665,000Median DOM:47New:50Total:196
May 2026
Median Price:$675,000Median DOM:48New:13Total:196
6-Month Rental Trend
Dec 2025
Median Rent:$1,850Median DOM:1New:260Total:335
Jan 2026
Median Rent:$1,800Median DOM:1New:299Total:398
Feb 2026
Median Rent:$1,795Median DOM:1New:280Total:427
Mar 2026
Median Rent:$1,795Median DOM:1New:262Total:421
Apr 2026
Median Rent:$1,779Median DOM:1New:250Total:390
May 2026
Median Rent:$1,785Median DOM:1New:166Total:390
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory was flat.
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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