ZIP 97201 Housing Market Report
Portland Metro
Report period: March 2026
97201 Monthly Market Update – March 2026
ZIP 97201 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$390,000
+6.8%
Median DOM (Sales)
81
−29.6%
New Listings (Sales)
14
−53.3%
Median Rent
$1,550
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
281
+1.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($4,350,000 median)
Sales Market Overview
Median Price
$390,000
+6.8%
Median DOM
81
−29.6%
New Listings
14
−53.3%
Inventory
171
+2.4%
- Average Price: $761,149
- Median Price: $390,000
- Price Range: $49,900 – $5,995,000
- Price per Sq Ft (Avg/Median): $348 / $327
- Square Footage (Avg/Median): 2,193 / 1,319
- Square Footage Range: 367 – 13,000
- Days on Market (Avg/Median): 113 / 81
- Days on Market Range: 1 – 358
- New Listings: 14
- Total Listings: 171
Sales by Property Type
Condo
Avg/Median Price$414,124 / $288,000Range$120,000 – $2,050,000Price per Sq Ft$340 / $325Sq Ft1,196 / 996DOM123 / 110New6Total112
Land
Avg/Median Price$324,527 / $294,000Range$49,900 – $574,000Price per Sq Ft—Sq Ft—DOM165 / 137New0Total15
Multi-Family
Avg/Median Price$1,957,500 / $975,000Range$975,000 – $2,940,000Price per Sq Ft$259 / $226Sq Ft8,175 / 3,350DOM38 / 13New0Total2
Single Family
Avg/Median Price$1,822,654 / $1,489,000Range$475,000 – $5,995,000Price per Sq Ft$377 / $351Sq Ft4,642 / 4,035DOM82 / 37New8Total41
Townhouse
Avg/Median Price$263,000 / $263,000Range$263,000 – $263,000Price per Sq Ft$171 / $171Sq Ft1,536 / 1,536DOM13 / 13New0Total1
Sales by Bedroom Count
Studio
Avg:$151,333Median:$125,000Range:$120,000 – $209,000PSF:$351 / $340Sq Ft:426 / 368DOM:330 / 305New:0Total:3
1 Beds
Avg:$293,512Median:$235,800Range:$129,900 – $2,940,000PSF:$343 / $326Sq Ft:964 / 606DOM:98 / 59New:3Total:48
2 Beds
Avg:$492,479Median:$390,000Range:$195,000 – $1,995,000PSF:$330 / $306Sq Ft:1,446 / 1,316DOM:134 / 139New:1Total:49
3 Beds
Avg:$1,142,019Median:$849,000Range:$200,000 – $5,995,000PSF:$357 / $311Sq Ft:2,949 / 2,743DOM:91 / 47New:5Total:31
4 Beds
Avg:$1,563,909Median:$1,349,999Range:$789,000 – $3,795,000PSF:$339 / $349Sq Ft:4,520 / 4,260DOM:115 / 19New:2Total:11
5 Beds
Avg:$2,174,889Median:$2,095,000Range:$1,250,000 – $3,000,000PSF:$414 / $380Sq Ft:5,680 / 5,518DOM:51 / 20New:3Total:9
6 Beds
Avg:$4,280,000Median:$4,350,000Range:$3,495,000 – $4,995,000PSF:$526 / $508Sq Ft:8,241 / 8,037DOM:115 / 126New:0Total:3
7 Beds
Avg:$975,000Median:$975,000Range:$975,000 – $975,000PSF:$291 / $291Sq Ft:3,350 / 3,350DOM:13 / 13New:0Total:1
8 Beds
Avg:$620,000Median:$620,000Range:$620,000 – $620,000PSF:$186 / $186Sq Ft:3,325 / 3,325DOM:140 / 140New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $151,333 | $125,000 | $120,000 – $209,000 | $351 / $340 | 426 / 368 | 330 / 305 | 0 | 3 |
| 1 Beds | $293,512 | $235,800 | $129,900 – $2,940,000 | $343 / $326 | 964 / 606 | 98 / 59 | 3 | 48 |
| 2 Beds | $492,479 | $390,000 | $195,000 – $1,995,000 | $330 / $306 | 1,446 / 1,316 | 134 / 139 | 1 | 49 |
| 3 Beds | $1,142,019 | $849,000 | $200,000 – $5,995,000 | $357 / $311 | 2,949 / 2,743 | 91 / 47 | 5 | 31 |
| 4 Beds | $1,563,909 | $1,349,999 | $789,000 – $3,795,000 | $339 / $349 | 4,520 / 4,260 | 115 / 19 | 2 | 11 |
| 5 Beds | $2,174,889 | $2,095,000 | $1,250,000 – $3,000,000 | $414 / $380 | 5,680 / 5,518 | 51 / 20 | 3 | 9 |
| 6 Beds | $4,280,000 | $4,350,000 | $3,495,000 – $4,995,000 | $526 / $508 | 8,241 / 8,037 | 115 / 126 | 0 | 3 |
| 7 Beds | $975,000 | $975,000 | $975,000 – $975,000 | $291 / $291 | 3,350 / 3,350 | 13 / 13 | 0 | 1 |
| 8 Beds | $620,000 | $620,000 | $620,000 – $620,000 | $186 / $186 | 3,325 / 3,325 | 140 / 140 | 0 | 1 |
Rental Market Overview
Median Rent
$1,550
−0.3%
Median DOM
1
0.0%
New Listings
124
Inventory
281
+1.1%
- Average Rent: $1,750
- Median Rent: $1,550
- Rent Range: $825 – $7,550
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 766 / 636
- Square Footage Range: 300 – 4,243
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 341
- New Listings: 124
- Total Listings: 281
Rentals by Property Type
Apartment
$1,509
Median DOM: 1
Inventory: 241
MoM: −0.3%
Condo
$1,650
Median DOM: 1
Inventory: 21
MoM: −0.3%
Single Family
$2,300
Median DOM: 1
Inventory: 17
MoM: −0.3%
Townhouse
$1,595
Median DOM: 1
Inventory: 2
MoM: −0.3%
Apartment
Avg/Median Rent$1,645 / $1,509Range$825 – $7,550Rent per Sq Ft$2 / $2Sq Ft679 / 620DOM18 / 1New100Total241
Condo
Avg/Median Rent$1,889 / $1,650Range$1,050 – $5,799Rent per Sq Ft$2 / $2Sq Ft875 / 790DOM31 / 1New10Total21
Single Family
Avg/Median Rent$3,018 / $2,300Range$1,395 – $6,249Rent per Sq Ft$2 / $2Sq Ft1,842 / 1,385DOM1 / 1New12Total17
Townhouse
Avg/Median Rent$2,147 / $1,595Range$1,595 – $2,699Rent per Sq Ft$2 / $2Sq Ft893 / 735DOM1 / 1New2Total2
Rentals by Bedroom Count
Studio
Avg:$1,220Median:$1,130Range:$825 – $2,173PSF:$3 / $3Sq Ft:442 / 418DOM:35 / 1New:18Total:68
1 Beds
Avg:$1,491Median:$1,430Range:$1,025 – $2,453PSF:$2 / $2Sq Ft:637 / 620DOM:17 / 1New:63Total:130
2 Beds
Avg:$2,263Median:$2,020Range:$1,495 – $4,748PSF:$2 / $2Sq Ft:1,036 / 976DOM:7 / 1New:37Total:70
3 Beds
Avg:$3,948Median:$3,550Range:$1,773 – $6,249PSF:$2 / $2Sq Ft:2,047 / 1,800DOM:18 / 1New:5Total:10
4 Beds
Avg:$4,750Median:$4,500Range:$4,500 – $5,000PSF:$1 / $1Sq Ft:4,072 / 3,900DOM:1 / 1New:1Total:2
5 Beds
Avg:$7,550Median:$7,550Range:$7,550 – $7,550PSF:$4 / $4Sq Ft:1,732 / 1,732DOM:125 / 125New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,220 | $1,130 | $825 – $2,173 | $3 / $3 | 442 / 418 | 35 / 1 | 18 | 68 |
| 1 Beds | $1,491 | $1,430 | $1,025 – $2,453 | $2 / $2 | 637 / 620 | 17 / 1 | 63 | 130 |
| 2 Beds | $2,263 | $2,020 | $1,495 – $4,748 | $2 / $2 | 1,036 / 976 | 7 / 1 | 37 | 70 |
| 3 Beds | $3,948 | $3,550 | $1,773 – $6,249 | $2 / $2 | 2,047 / 1,800 | 18 / 1 | 5 | 10 |
| 4 Beds | $4,750 | $4,500 | $4,500 – $5,000 | $1 / $1 | 4,072 / 3,900 | 1 / 1 | 1 | 2 |
| 5 Beds | $7,550 | $7,550 | $7,550 – $7,550 | $4 / $4 | 1,732 / 1,732 | 125 / 125 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$379,900Median DOM:109New:20Total:202
Nov 2025
Median Price:$365,000Median DOM:119New:14Total:181
Dec 2025
Median Price:$350,000Median DOM:130New:9Total:173
Jan 2026
Median Price:$359,000Median DOM:135New:22Total:159
Feb 2026
Median Price:$365,000Median DOM:115New:30Total:167
Mar 2026
Median Price:$390,000Median DOM:81New:14Total:171
6-Month Rental Trend
Oct 2025
Median Rent:$1,445Median DOM:1New:53Total:115
Nov 2025
Median Rent:$1,400Median DOM:1New:48Total:120
Dec 2025
Median Rent:$1,585Median DOM:1New:150Total:209
Jan 2026
Median Rent:$1,475Median DOM:1New:174Total:255
Feb 2026
Median Rent:$1,555Median DOM:1New:156Total:278
Mar 2026
Median Rent:$1,550Median DOM:1New:124Total:281
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 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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