ZIP 97034 Housing Market Report
Portland Metro
Report period: March 2026
97034 Monthly Market Update – March 2026
ZIP 97034 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$1,495,000
+3.1%
Median DOM (Sales)
43
−12.2%
New Listings (Sales)
17
−66.7%
Median Rent
$2,850
−1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
49
−3.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (33 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($4,200,000 median)
Sales Market Overview
Median Price
$1,495,000
+3.1%
Median DOM
43
−12.2%
New Listings
17
−66.7%
Inventory
193
+4.3%
- Average Price: $1,856,278
- Median Price: $1,495,000
- Price Range: $200,000 – $6,895,000
- Price per Sq Ft (Avg/Median): $565 / $537
- Square Footage (Avg/Median): 3,285 / 3,200
- Square Footage Range: 899 – 8,077
- Days on Market (Avg/Median): 89 / 43
- Days on Market Range: 1 – 359
- New Listings: 17
- Total Listings: 193
Sales by Property Type
Condo
Avg/Median Price$1,071,771 / $850,000Range$200,000 – $2,299,999Price per Sq Ft$612 / $531Sq Ft1,683 / 1,464DOM55 / 33New5Total28
Land
Avg/Median Price$1,374,455 / $1,349,000Range$249,000 – $5,500,000Price per Sq Ft—Sq Ft—DOM145 / 159New4Total22
Single Family
Avg/Median Price$2,159,860 / $1,700,000Range$599,000 – $6,895,000Price per Sq Ft$562 / $548Sq Ft3,709 / 3,580DOM90 / 42New7Total135
Townhouse
Avg/Median Price$804,112 / $564,995Range$495,000 – $1,500,000Price per Sq Ft$447 / $374Sq Ft1,752 / 1,739DOM63 / 44New1Total8
Sales by Bedroom Count
1 Beds
Avg:$238,333Median:$200,000Range:$200,000 – $315,000PSF:$265 / $222Sq Ft:901 / 902DOM:56 / 35New:0Total:3
2 Beds
Avg:$1,063,196Median:$850,000Range:$399,000 – $2,299,999PSF:$688 / $601Sq Ft:1,477 / 1,328DOM:63 / 35New:4Total:23
3 Beds
Avg:$1,282,861Median:$968,000Range:$495,000 – $3,999,000PSF:$511 / $511Sq Ft:2,486 / 2,296DOM:58 / 33New:4Total:49
4 Beds
Avg:$2,186,105Median:$1,759,900Range:$749,900 – $6,500,000PSF:$555 / $495Sq Ft:3,761 / 3,771DOM:90 / 30New:4Total:61
5 Beds
Avg:$2,828,987Median:$2,495,000Range:$975,000 – $5,995,000PSF:$583 / $593Sq Ft:4,804 / 4,471DOM:109 / 55New:1Total:30
6 Beds
Avg:$4,354,580Median:$4,200,000Range:$1,980,000 – $6,895,000PSF:$707 / $734Sq Ft:5,964 / 5,505DOM:184 / 159New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $238,333 | $200,000 | $200,000 – $315,000 | $265 / $222 | 901 / 902 | 56 / 35 | 0 | 3 |
| 2 Beds | $1,063,196 | $850,000 | $399,000 – $2,299,999 | $688 / $601 | 1,477 / 1,328 | 63 / 35 | 4 | 23 |
| 3 Beds | $1,282,861 | $968,000 | $495,000 – $3,999,000 | $511 / $511 | 2,486 / 2,296 | 58 / 33 | 4 | 49 |
| 4 Beds | $2,186,105 | $1,759,900 | $749,900 – $6,500,000 | $555 / $495 | 3,761 / 3,771 | 90 / 30 | 4 | 61 |
| 5 Beds | $2,828,987 | $2,495,000 | $975,000 – $5,995,000 | $583 / $593 | 4,804 / 4,471 | 109 / 55 | 1 | 30 |
| 6 Beds | $4,354,580 | $4,200,000 | $1,980,000 – $6,895,000 | $707 / $734 | 5,964 / 5,505 | 184 / 159 | 0 | 5 |
Rental Market Overview
Median Rent
$2,850
−1.6%
Median DOM
1
0.0%
New Listings
14
Inventory
49
−3.9%
- Average Rent: $3,240
- Median Rent: $2,850
- Rent Range: $1,125 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,713 / 1,508
- Square Footage Range: 400 – 4,828
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 225
- New Listings: 14
- Total Listings: 49
Rentals by Property Type
Apartment
$1,600
Median DOM: 74
Inventory: 12
MoM: −1.6%
Condo
$2,499
Median DOM: 1
Inventory: 4
MoM: −1.6%
Single Family
$3,399
Median DOM: 1
Inventory: 32
MoM: −1.6%
Townhouse
$2,500
Median DOM: 1
Inventory: 1
MoM: −1.6%
Apartment
Avg/Median Rent$1,781 / $1,600Range$1,295 – $2,500Rent per Sq Ft$2 / $2Sq Ft804 / 700DOM73 / 74New0Total12
Condo
Avg/Median Rent$2,561 / $2,499Range$2,250 – $2,795Rent per Sq Ft$2 / $2Sq Ft1,253 / 1,300DOM1 / 1New2Total4
Single Family
Avg/Median Rent$3,896 / $3,399Range$1,125 – $8,500Rent per Sq Ft$2 / $2Sq Ft2,124 / 2,200DOM14 / 1New12Total32
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,302 / 1,302DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,398Median:$1,195Range:$1,125 – $2,170PSF:$3 / $3Sq Ft:489 / 400DOM:1 / 1New:1Total:5
1 Beds
Avg:$1,713Median:$1,600Range:$1,295 – $2,850PSF:$2 / $2Sq Ft:739 / 685DOM:47 / 1New:1Total:8
2 Beds
Avg:$2,849Median:$2,500Range:$1,595 – $6,000PSF:$2 / $2Sq Ft:1,384 / 1,306DOM:28 / 1New:1Total:11
3 Beds
Avg:$3,543Median:$2,995Range:$2,595 – $8,500PSF:$2 / $2Sq Ft:1,819 / 1,900DOM:10 / 1New:6Total:13
4 Beds
Avg:$4,754Median:$4,195Range:$2,850 – $7,500PSF:$2 / $2Sq Ft:2,690 / 2,732DOM:33 / 1New:5Total:9
5 Beds
Avg:$6,550Median:$5,600Range:$5,600 – $7,500PSF:$2 / $2Sq Ft:4,169 / 3,510DOM:1 / 1New:0Total:2
6 Beds
Avg:$4,799Median:$4,799Range:$4,799 – $4,799PSF:$1 / $1Sq Ft:4,166 / 4,166DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,398 | $1,195 | $1,125 – $2,170 | $3 / $3 | 489 / 400 | 1 / 1 | 1 | 5 |
| 1 Beds | $1,713 | $1,600 | $1,295 – $2,850 | $2 / $2 | 739 / 685 | 47 / 1 | 1 | 8 |
| 2 Beds | $2,849 | $2,500 | $1,595 – $6,000 | $2 / $2 | 1,384 / 1,306 | 28 / 1 | 1 | 11 |
| 3 Beds | $3,543 | $2,995 | $2,595 – $8,500 | $2 / $2 | 1,819 / 1,900 | 10 / 1 | 6 | 13 |
| 4 Beds | $4,754 | $4,195 | $2,850 – $7,500 | $2 / $2 | 2,690 / 2,732 | 33 / 1 | 5 | 9 |
| 5 Beds | $6,550 | $5,600 | $5,600 – $7,500 | $2 / $2 | 4,169 / 3,510 | 1 / 1 | 0 | 2 |
| 6 Beds | $4,799 | $4,799 | $4,799 – $4,799 | $1 / $1 | 4,166 / 4,166 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$1,495,000Median DOM:91New:23Total:209
Nov 2025
Median Price:$1,395,000Median DOM:95New:27Total:199
Dec 2025
Median Price:$1,490,000Median DOM:106New:9Total:176
Jan 2026
Median Price:$1,495,000Median DOM:98New:38Total:155
Feb 2026
Median Price:$1,450,000Median DOM:49New:51Total:185
Mar 2026
Median Price:$1,495,000Median DOM:43New:17Total:193
6-Month Rental Trend
Oct 2025
Median Rent:$3,299Median DOM:1New:29Total:52
Nov 2025
Median Rent:$3,095Median DOM:1New:30Total:44
Dec 2025
Median Rent:$2,995Median DOM:1New:23Total:46
Jan 2026
Median Rent:$2,850Median DOM:1New:29Total:47
Feb 2026
Median Rent:$2,895Median DOM:1New:21Total:51
Mar 2026
Median Rent:$2,850Median DOM:1New:14Total:49
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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