ZIP 97202 Housing Market Report
Portland Metro
Report period: March 2026
97202 Monthly Market Update – March 2026
ZIP 97202 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$569,900
+3.6%
Median DOM (Sales)
34
−40.4%
New Listings (Sales)
20
−52.4%
Median Rent
$1,595
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
349
−6.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,249,900 median)
Sales Market Overview
Median Price
$569,900
+3.6%
Median DOM
34
−40.4%
New Listings
20
−52.4%
Inventory
170
+6.9%
- Average Price: $676,634
- Median Price: $569,900
- Price Range: $239,900 – $2,349,900
- Price per Sq Ft (Avg/Median): $360 / $350
- Square Footage (Avg/Median): 1,996 / 1,743
- Square Footage Range: 708 – 7,800
- Days on Market (Avg/Median): 85 / 34
- Days on Market Range: 2 – 357
- New Listings: 20
- Total Listings: 170
Sales by Property Type
Condo
Avg/Median Price$384,347 / $349,900Range$239,900 – $730,000Price per Sq Ft$369 / $375Sq Ft1,083 / 898DOM176 / 180New1Total30
Land
Avg/Median Price$698,960 / $470,000Range$449,900 – $1,599,999Price per Sq Ft—Sq Ft—DOM75 / 93New1Total5
Multi-Family
Avg/Median Price$997,306 / $825,000Range$460,000 – $2,349,900Price per Sq Ft$372 / $301Sq Ft2,943 / 2,794DOM99 / 90New1Total24
Single Family
Avg/Median Price$721,780 / $660,000Range$299,000 – $2,099,000Price per Sq Ft$355 / $335Sq Ft2,182 / 2,136DOM59 / 13New16Total88
Townhouse
Avg/Median Price$545,680 / $499,000Range$359,900 – $995,000Price per Sq Ft$352 / $359Sq Ft1,567 / 1,510DOM55 / 32New1Total23
Sales by Bedroom Count
2 Beds
Avg:$432,883Median:$399,900Range:$239,900 – $859,000PSF:$393 / $392Sq Ft:1,160 / 973DOM:122 / 80New:4Total:64
3 Beds
Avg:$647,867Median:$589,900Range:$429,900 – $1,875,000PSF:$321 / $311Sq Ft:2,134 / 1,940DOM:43 / 13New:10Total:50
4 Beds
Avg:$967,122Median:$849,999Range:$460,000 – $2,099,000PSF:$346 / $327Sq Ft:2,804 / 2,855DOM:54 / 12New:4Total:30
5 Beds
Avg:$1,030,972Median:$925,000Range:$699,900 – $1,925,000PSF:$367 / $343Sq Ft:3,045 / 3,037DOM:124 / 81New:1Total:9
6 Beds
Avg:$902,714Median:$865,000Range:$650,000 – $1,395,000PSF:$270 / $267Sq Ft:3,045 / 3,046DOM:98 / 98New:0Total:7
7 Beds
Avg:$1,424,950Median:$1,249,900Range:$1,249,900 – $1,599,999PSF:$358 / $276Sq Ft:4,081 / 3,626DOM:133 / 57New:0Total:2
8 Beds
Avg:$1,324,633Median:$825,000Range:$799,000 – $2,349,900PSF:$584 / $429Sq Ft:3,085 / 3,000DOM:144 / 138New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $432,883 | $399,900 | $239,900 – $859,000 | $393 / $392 | 1,160 / 973 | 122 / 80 | 4 | 64 |
| 3 Beds | $647,867 | $589,900 | $429,900 – $1,875,000 | $321 / $311 | 2,134 / 1,940 | 43 / 13 | 10 | 50 |
| 4 Beds | $967,122 | $849,999 | $460,000 – $2,099,000 | $346 / $327 | 2,804 / 2,855 | 54 / 12 | 4 | 30 |
| 5 Beds | $1,030,972 | $925,000 | $699,900 – $1,925,000 | $367 / $343 | 3,045 / 3,037 | 124 / 81 | 1 | 9 |
| 6 Beds | $902,714 | $865,000 | $650,000 – $1,395,000 | $270 / $267 | 3,045 / 3,046 | 98 / 98 | 0 | 7 |
| 7 Beds | $1,424,950 | $1,249,900 | $1,249,900 – $1,599,999 | $358 / $276 | 4,081 / 3,626 | 133 / 57 | 0 | 2 |
| 8 Beds | $1,324,633 | $825,000 | $799,000 – $2,349,900 | $584 / $429 | 3,085 / 3,000 | 144 / 138 | 0 | 3 |
Rental Market Overview
Median Rent
$1,595
0.0%
Median DOM
1
0.0%
New Listings
112
Inventory
349
−6.4%
- Average Rent: $1,789
- Median Rent: $1,595
- Rent Range: $895 – $8,038
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 824 / 735
- Square Footage Range: 268 – 3,423
- Days on Market (Avg/Median): 30 / 1
- Days on Market Range: 1 – 362
- New Listings: 112
- Total Listings: 349
Rentals by Property Type
Apartment
$1,550
Median DOM: 1
Inventory: 286
MoM: 0.0%
Condo
$1,620
Median DOM: 1
Inventory: 15
MoM: 0.0%
Single Family
$2,500
Median DOM: 1
Inventory: 42
MoM: 0.0%
Townhouse
$1,800
Median DOM: 1
Inventory: 4
MoM: 0.0%
Apartment
Avg/Median Rent$1,671 / $1,550Range$895 – $8,038Rent per Sq Ft$2 / $2Sq Ft725 / 680DOM33 / 1New93Total286
Condo
Avg/Median Rent$1,668 / $1,620Range$995 – $3,500Rent per Sq Ft$2 / $2Sq Ft749 / 750DOM29 / 1New0Total15
Multi-Family
Avg/Median Rent$1,968 / $1,750Range$1,750 – $2,185Rent per Sq Ft$2 / $2Sq Ft935 / 840DOM2 / 1New1Total2
Single Family
Avg/Median Rent$2,604 / $2,500Range$1,300 – $4,100Rent per Sq Ft$2 / $2Sq Ft1,446 / 1,235DOM13 / 1New16Total42
Townhouse
Avg/Median Rent$2,000 / $1,800Range$1,600 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,086 / 1,112DOM15 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,229Median:$1,250Range:$895 – $1,680PSF:$3 / $3Sq Ft:424 / 412DOM:22 / 1New:9Total:41
1 Beds
Avg:$1,453Median:$1,395Range:$975 – $2,750PSF:$3 / $3Sq Ft:587 / 566DOM:27 / 1New:36Total:131
2 Beds
Avg:$1,953Median:$1,899Range:$1,295 – $3,500PSF:$2 / $2Sq Ft:944 / 900DOM:32 / 1New:58Total:145
3 Beds
Avg:$2,757Median:$2,750Range:$1,760 – $4,100PSF:$2 / $2Sq Ft:1,576 / 1,426DOM:27 / 1New:7Total:24
4 Beds
Avg:$4,288Median:$3,495Range:$2,500 – $8,038PSF:$2 / $2Sq Ft:1,992 / 1,807DOM:64 / 27New:2Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,229 | $1,250 | $895 – $1,680 | $3 / $3 | 424 / 412 | 22 / 1 | 9 | 41 |
| 1 Beds | $1,453 | $1,395 | $975 – $2,750 | $3 / $3 | 587 / 566 | 27 / 1 | 36 | 131 |
| 2 Beds | $1,953 | $1,899 | $1,295 – $3,500 | $2 / $2 | 944 / 900 | 32 / 1 | 58 | 145 |
| 3 Beds | $2,757 | $2,750 | $1,760 – $4,100 | $2 / $2 | 1,576 / 1,426 | 27 / 1 | 7 | 24 |
| 4 Beds | $4,288 | $3,495 | $2,500 – $8,038 | $2 / $2 | 1,992 / 1,807 | 64 / 27 | 2 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$620,000Median DOM:50New:41Total:211
Nov 2025
Median Price:$599,997Median DOM:80New:18Total:188
Dec 2025
Median Price:$569,950Median DOM:103New:9Total:153
Jan 2026
Median Price:$539,900Median DOM:101New:31Total:142
Feb 2026
Median Price:$550,000Median DOM:57New:42Total:159
Mar 2026
Median Price:$569,900Median DOM:34New:20Total:170
6-Month Rental Trend
Oct 2025
Median Rent:$1,595Median DOM:1New:123Total:270
Nov 2025
Median Rent:$1,574Median DOM:1New:107Total:259
Dec 2025
Median Rent:$1,595Median DOM:1New:193Total:334
Jan 2026
Median Rent:$1,595Median DOM:1New:203Total:349
Feb 2026
Median Rent:$1,595Median DOM:1New:175Total:373
Mar 2026
Median Rent:$1,595Median DOM:1New:112Total:349
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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