ZIP 97007 Housing Market Report
Portland Metro
Report period: March 2026
97007 Monthly Market Update – March 2026
ZIP 97007 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$626,999
+0.3%
Median DOM (Sales)
35
−10.3%
New Listings (Sales)
29
−65.9%
Median Rent
$1,793
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
313
−0.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (20 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($967,000 median)
Sales Market Overview
Median Price
$626,999
+0.3%
Median DOM
35
−10.3%
New Listings
29
−65.9%
Inventory
336
+5.3%
- Average Price: $623,725
- Median Price: $626,999
- Price Range: $95,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $298 / $285
- Square Footage (Avg/Median): 2,146 / 2,071
- Square Footage Range: 654 – 6,867
- Days on Market (Avg/Median): 65 / 35
- Days on Market Range: 2 – 352
- New Listings: 29
- Total Listings: 336
Sales by Property Type
Condo
Avg/Median Price$329,525 / $325,000Range$208,800 – $475,000Price per Sq Ft$316 / $316Sq Ft1,063 / 1,038DOM86 / 54New4Total43
Land
Avg/Median Price$940,150 / $251,000Range$185,000 – $2,900,000Price per Sq Ft—Sq Ft—DOM187 / 155New0Total6
Manufactured
Avg/Median Price$114,972 / $99,900Range$95,000 – $134,990Price per Sq Ft$99 / $95Sq Ft1,198 / 1,172DOM83 / 33New0Total4
Multi-Family
Avg/Median Price$465,323 / $456,990Range$448,990 – $489,990Price per Sq Ft$307 / $302Sq Ft1,515 / 1,515DOM20 / 20New0Total3
Single Family
Avg/Median Price$709,987 / $675,000Range$375,000 – $2,795,000Price per Sq Ft$299 / $277Sq Ft2,464 / 2,375DOM54 / 33New23Total233
Townhouse
Avg/Median Price$478,263 / $476,400Range$349,900 – $669,000Price per Sq Ft$290 / $300Sq Ft1,680 / 1,571DOM88 / 62New2Total47
Sales by Bedroom Count
1 Beds
Avg:$257,688Median:$255,000Range:$208,800 – $285,000PSF:$350 / $337Sq Ft:737 / 715DOM:51 / 23New:1Total:8
2 Beds
Avg:$366,308Median:$347,900Range:$130,000 – $995,000PSF:$340 / $316Sq Ft:1,162 / 1,067DOM:100 / 61New:3Total:35
3 Beds
Avg:$544,194Median:$525,000Range:$99,900 – $1,020,000PSF:$310 / $303Sq Ft:1,778 / 1,713DOM:57 / 34New:10Total:127
4 Beds
Avg:$721,037Median:$692,400Range:$95,000 – $2,795,000PSF:$282 / $275Sq Ft:2,560 / 2,512DOM:53 / 23New:12Total:120
5 Beds
Avg:$831,913Median:$775,000Range:$514,500 – $2,490,000PSF:$260 / $260Sq Ft:3,192 / 2,938DOM:87 / 55New:3Total:39
6 Beds
Avg:$967,000Median:$967,000Range:$967,000 – $967,000PSF:$242 / $242Sq Ft:4,000 / 4,000DOM:33 / 33New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $257,688 | $255,000 | $208,800 – $285,000 | $350 / $337 | 737 / 715 | 51 / 23 | 1 | 8 |
| 2 Beds | $366,308 | $347,900 | $130,000 – $995,000 | $340 / $316 | 1,162 / 1,067 | 100 / 61 | 3 | 35 |
| 3 Beds | $544,194 | $525,000 | $99,900 – $1,020,000 | $310 / $303 | 1,778 / 1,713 | 57 / 34 | 10 | 127 |
| 4 Beds | $721,037 | $692,400 | $95,000 – $2,795,000 | $282 / $275 | 2,560 / 2,512 | 53 / 23 | 12 | 120 |
| 5 Beds | $831,913 | $775,000 | $514,500 – $2,490,000 | $260 / $260 | 3,192 / 2,938 | 87 / 55 | 3 | 39 |
| 6 Beds | $967,000 | $967,000 | $967,000 – $967,000 | $242 / $242 | 4,000 / 4,000 | 33 / 33 | 0 | 1 |
Rental Market Overview
Median Rent
$1,793
+1.2%
Median DOM
1
0.0%
New Listings
112
Inventory
313
−0.6%
- Average Rent: $1,982
- Median Rent: $1,793
- Rent Range: $1,225 – $8,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,070 / 941
- Square Footage Range: 460 – 4,466
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 364
- New Listings: 112
- Total Listings: 313
Rentals by Property Type
Apartment
$1,702
Median DOM: 1
Inventory: 231
MoM: +1.2%
Condo
$1,799
Median DOM: 8
Inventory: 11
MoM: +1.2%
Single Family
$2,895
Median DOM: 1
Inventory: 59
MoM: +1.2%
Townhouse
$2,190
Median DOM: 1
Inventory: 12
MoM: +1.2%
Apartment
Avg/Median Rent$1,725 / $1,702Range$1,225 – $3,707Rent per Sq Ft$2 / $2Sq Ft840 / 860DOM36 / 1New79Total231
Condo
Avg/Median Rent$1,835 / $1,799Range$1,500 – $2,150Rent per Sq Ft$2 / $2Sq Ft962 / 919DOM42 / 8New5Total11
Single Family
Avg/Median Rent$2,969 / $2,895Range$1,599 – $8,700Rent per Sq Ft$2 / $2Sq Ft1,949 / 1,920DOM14 / 1New26Total59
Townhouse
Avg/Median Rent$2,225 / $2,190Range$1,799 – $2,650Rent per Sq Ft$2 / $2Sq Ft1,267 / 1,137DOM32 / 1New2Total12
Rentals by Bedroom Count
Studio
Avg:$1,377Median:$1,377Range:$1,377 – $1,377PSF:$3 / $3Sq Ft:460 / 460DOM:1 / 1New:1Total:1
1 Beds
Avg:$1,579Median:$1,517Range:$1,225 – $2,155PSF:$2 / $2Sq Ft:696 / 691DOM:35 / 1New:37Total:118
2 Beds
Avg:$1,860Median:$1,808Range:$1,383 – $2,943PSF:$2 / $2Sq Ft:998 / 985DOM:40 / 1New:51Total:132
3 Beds
Avg:$2,571Median:$2,500Range:$1,795 – $3,707PSF:$2 / $2Sq Ft:1,518 / 1,439DOM:11 / 1New:11Total:33
4 Beds
Avg:$3,498Median:$3,245Range:$2,745 – $8,700PSF:$2 / $1Sq Ft:2,341 / 2,200DOM:11 / 1New:10Total:24
5 Beds
Avg:$3,687Median:$3,550Range:$3,349 – $4,395PSF:$1 / $1Sq Ft:2,870 / 2,458DOM:19 / 1New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,377 | $1,377 | $1,377 – $1,377 | $3 / $3 | 460 / 460 | 1 / 1 | 1 | 1 |
| 1 Beds | $1,579 | $1,517 | $1,225 – $2,155 | $2 / $2 | 696 / 691 | 35 / 1 | 37 | 118 |
| 2 Beds | $1,860 | $1,808 | $1,383 – $2,943 | $2 / $2 | 998 / 985 | 40 / 1 | 51 | 132 |
| 3 Beds | $2,571 | $2,500 | $1,795 – $3,707 | $2 / $2 | 1,518 / 1,439 | 11 / 1 | 11 | 33 |
| 4 Beds | $3,498 | $3,245 | $2,745 – $8,700 | $2 / $1 | 2,341 / 2,200 | 11 / 1 | 10 | 24 |
| 5 Beds | $3,687 | $3,550 | $3,349 – $4,395 | $1 / $1 | 2,870 / 2,458 | 19 / 1 | 2 | 5 |
6-Month Sales Trend
Oct 2025
Median Price:$649,000Median DOM:43New:101Total:407
Nov 2025
Median Price:$640,000Median DOM:52New:75Total:387
Dec 2025
Median Price:$639,000Median DOM:54New:50Total:338
Jan 2026
Median Price:$624,990Median DOM:49New:94Total:316
Feb 2026
Median Price:$625,000Median DOM:39New:85Total:319
Mar 2026
Median Price:$626,999Median DOM:35New:29Total:336
6-Month Rental Trend
Oct 2025
Median Rent:$1,983Median DOM:23New:63Total:183
Nov 2025
Median Rent:$1,953Median DOM:30New:54Total:148
Dec 2025
Median Rent:$1,846Median DOM:1New:147Total:235
Jan 2026
Median Rent:$1,768Median DOM:1New:166Total:273
Feb 2026
Median Rent:$1,772Median DOM:1New:160Total:315
Mar 2026
Median Rent:$1,793Median DOM:1New:112Total:313
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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