ZIP 97239 Housing Market Report
Portland Metro
Report period: August 2026
97239 Monthly Market Update – August 2026
ZIP 97239 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$599,900
−4.0%
Median DOM (Sales)
87
+2.4%
New Listings (Sales)
3
−88.5%
Median Rent
$1,749
−2.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
335
−4.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (68 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,499,990 median)
Sales Market Overview
Median Price
$599,900
−4.0%
Median DOM
87
+2.4%
New Listings
3
−88.5%
Inventory
187
−5.6%
- Average Price: $721,445
- Median Price: $599,900
- Price Range: $75,000 – $3,499,900
- Price per Sq Ft (Avg/Median): $355 / $331
- Square Footage (Avg/Median): 2,161 / 1,843
- Square Footage Range: 624 – 9,695
- Days on Market (Avg/Median): 99 / 87
- Days on Market Range: 2 – 358
- New Listings: 3
- Total Listings: 187
Sales by Property Type
Condo
Avg/Median Price$493,860 / $385,000Range$165,000 – $1,600,000Price per Sq Ft$376 / $356Sq Ft1,260 / 1,153DOM111 / 99New1Total79
Land
Avg/Median Price$198,900 / $200,000Range$75,000 – $295,000Price per Sq Ft—Sq Ft—DOM171 / 187New0Total10
Multi-Family
Avg/Median Price$1,057,870 / $799,900Range$435,000 – $3,499,900Price per Sq Ft$296 / $285Sq Ft3,773 / 2,980DOM76 / 68New0Total10
Single Family
Avg/Median Price$1,002,940 / $899,000Range$399,000 – $2,295,000Price per Sq Ft$347 / $314Sq Ft2,967 / 2,831DOM83 / 71New2Total76
Townhouse
Avg/Median Price$592,015 / $499,999Range$365,000 – $1,249,995Price per Sq Ft$306 / $292Sq Ft1,921 / 1,620DOM133 / 100New0Total12
Sales by Bedroom Count
Studio
Avg:$301,960Median:$245,000Range:$234,900 – $545,000PSF:$468 / $377Sq Ft:652 / 636DOM:119 / 113New:0Total:5
1 Beds
Avg:$354,638Median:$339,000Range:$245,000 – $645,000PSF:$379 / $355Sq Ft:935 / 886DOM:101 / 94New:1Total:30
2 Beds
Avg:$587,988Median:$499,999Range:$165,000 – $1,600,000PSF:$350 / $328Sq Ft:1,648 / 1,594DOM:104 / 81New:1Total:59
3 Beds
Avg:$782,062Median:$699,999Range:$275,000 – $1,675,000PSF:$352 / $319Sq Ft:2,194 / 2,066DOM:81 / 77New:0Total:33
4 Beds
Avg:$1,177,669Median:$999,900Range:$595,000 – $2,295,000PSF:$354 / $328Sq Ft:3,401 / 3,233DOM:95 / 77New:1Total:35
5 Beds
Avg:$1,097,865Median:$898,888Range:$679,900 – $2,199,999PSF:$304 / $305Sq Ft:3,622 / 3,316DOM:121 / 94New:0Total:9
6 Beds
Avg:$1,534,760Median:$1,199,000Range:$825,000 – $3,499,900PSF:$263 / $285Sq Ft:5,570 / 4,781DOM:72 / 72New:0Total:5
7 Beds
Avg:$1,499,990Median:$1,499,990Range:$1,499,990 – $1,499,990PSF:$326 / $326Sq Ft:4,602 / 4,602DOM:119 / 119New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $301,960 | $245,000 | $234,900 – $545,000 | $468 / $377 | 652 / 636 | 119 / 113 | 0 | 5 |
| 1 Beds | $354,638 | $339,000 | $245,000 – $645,000 | $379 / $355 | 935 / 886 | 101 / 94 | 1 | 30 |
| 2 Beds | $587,988 | $499,999 | $165,000 – $1,600,000 | $350 / $328 | 1,648 / 1,594 | 104 / 81 | 1 | 59 |
| 3 Beds | $782,062 | $699,999 | $275,000 – $1,675,000 | $352 / $319 | 2,194 / 2,066 | 81 / 77 | 0 | 33 |
| 4 Beds | $1,177,669 | $999,900 | $595,000 – $2,295,000 | $354 / $328 | 3,401 / 3,233 | 95 / 77 | 1 | 35 |
| 5 Beds | $1,097,865 | $898,888 | $679,900 – $2,199,999 | $304 / $305 | 3,622 / 3,316 | 121 / 94 | 0 | 9 |
| 6 Beds | $1,534,760 | $1,199,000 | $825,000 – $3,499,900 | $263 / $285 | 5,570 / 4,781 | 72 / 72 | 0 | 5 |
| 7 Beds | $1,499,990 | $1,499,990 | $1,499,990 – $1,499,990 | $326 / $326 | 4,602 / 4,602 | 119 / 119 | 0 | 1 |
Rental Market Overview
Median Rent
$1,749
−2.6%
Median DOM
1
0.0%
New Listings
150
Inventory
335
−4.8%
- Average Rent: $1,894
- Median Rent: $1,749
- Rent Range: $950 – $5,650
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 789 / 697
- Square Footage Range: 315 – 2,841
- Days on Market (Avg/Median): 17 / 1
- Days on Market Range: 1 – 327
- New Listings: 150
- Total Listings: 335
Rentals by Property Type
Apartment
$1,736
Median DOM: 1
Inventory: 292
MoM: −2.6%
Condo
$1,945
Median DOM: 1
Inventory: 15
MoM: −2.6%
Single Family
$2,095
Median DOM: 1
Inventory: 26
MoM: −2.6%
Townhouse
$4,365
Median DOM: —
Inventory: 1
MoM: −2.6%
Apartment
Avg/Median Rent$1,792 / $1,736Range$950 – $3,656Rent per Sq Ft$3 / $3Sq Ft715 / 683DOM18 / 1New135Total292
Condo
Avg/Median Rent$2,404 / $1,945Range$1,245 – $4,600Rent per Sq Ft$2 / $2Sq Ft1,118 / 889DOM5 / 1New5Total15
Multi-Family
Avg/Median Rent$2,525 / $2,525Range$2,525 – $2,525Rent per Sq Ft$3 / $3Sq Ft973 / 973DOM3 / 3New1Total1
Single Family
Avg/Median Rent$2,626 / $2,095Range$1,095 – $5,650Rent per Sq Ft$2 / $2Sq Ft1,356 / 1,004DOM3 / 1New9Total26
Townhouse
Avg/Median Rent$4,365 / $4,365Range$4,365 – $4,365Rent per Sq Ft$2 / $2Sq Ft2,492 / 2,492DOM—New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,350Median:$1,350Range:$950 – $1,951PSF:$3 / $3Sq Ft:468 / 474DOM:32 / 1New:21Total:48
1 Beds
Avg:$1,740Median:$1,732Range:$1,000 – $3,000PSF:$3 / $3Sq Ft:679 / 676DOM:13 / 1New:89Total:201
2 Beds
Avg:$2,286Median:$2,249Range:$1,365 – $4,600PSF:$2 / $2Sq Ft:1,022 / 1,001DOM:17 / 1New:27Total:67
3 Beds
Avg:$3,291Median:$3,062Range:$1,495 – $5,250PSF:$2 / $2Sq Ft:1,818 / 2,000DOM:26 / 1New:10Total:15
4 Beds
Avg:$4,379Median:$3,895Range:$3,775 – $5,650PSF:$2 / $2Sq Ft:2,402 / 2,350DOM:3 / 1New:3Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,350 | $1,350 | $950 – $1,951 | $3 / $3 | 468 / 474 | 32 / 1 | 21 | 48 |
| 1 Beds | $1,740 | $1,732 | $1,000 – $3,000 | $3 / $3 | 679 / 676 | 13 / 1 | 89 | 201 |
| 2 Beds | $2,286 | $2,249 | $1,365 – $4,600 | $2 / $2 | 1,022 / 1,001 | 17 / 1 | 27 | 67 |
| 3 Beds | $3,291 | $3,062 | $1,495 – $5,250 | $2 / $2 | 1,818 / 2,000 | 26 / 1 | 10 | 15 |
| 4 Beds | $4,379 | $3,895 | $3,775 – $5,650 | $2 / $2 | 2,402 / 2,350 | 3 / 1 | 3 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$629,900Median DOM:63New:42Total:169
Apr 2026
Median Price:$665,000Median DOM:47New:50Total:196
May 2026
Median Price:$654,000Median DOM:53New:40Total:205
Jun 2026
Median Price:$675,000Median DOM:68New:26Total:195
Jul 2026
Median Price:$625,000Median DOM:85New:26Total:198
Aug 2026
Median Price:$599,900Median DOM:87New:3Total:187
6-Month Rental Trend
Mar 2026
Median Rent:$1,795Median DOM:1New:262Total:421
Apr 2026
Median Rent:$1,779Median DOM:1New:250Total:390
May 2026
Median Rent:$1,814Median DOM:1New:235Total:385
Jun 2026
Median Rent:$1,790Median DOM:1New:208Total:369
Jul 2026
Median Rent:$1,795Median DOM:1New:205Total:352
Aug 2026
Median Rent:$1,749Median DOM:1New:150Total:335
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory tightened.
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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