ZIP 97209 Housing Market Report
Portland Metro
Report period: March 2026
97209 Monthly Market Update – March 2026
ZIP 97209 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$398,800
−0.3%
Median DOM (Sales)
96
−9.4%
New Listings (Sales)
13
−66.7%
Median Rent
$1,725
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
567
−4.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (34 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($999,900 median)
Sales Market Overview
Median Price
$398,800
−0.3%
Median DOM
96
−9.4%
New Listings
13
−66.7%
Inventory
247
−1.6%
- Average Price: $506,226
- Median Price: $398,800
- Price Range: $99,000 – $3,498,000
- Price per Sq Ft (Avg/Median): $404 / $391
- Square Footage (Avg/Median): 1,202 / 1,038
- Square Footage Range: 275 – 5,088
- Days on Market (Avg/Median): 122 / 96
- Days on Market Range: 1 – 356
- New Listings: 13
- Total Listings: 247
Sales by Property Type
Condo
Avg/Median Price$496,473 / $387,870Range$99,000 – $3,498,000Price per Sq Ft$406 / $392Sq Ft1,157 / 1,032DOM121 / 97New13Total241
Multi-Family
Avg/Median Price$999,900 / $999,900Range$999,900 – $999,900Price per Sq Ft$197 / $197Sq Ft5,088 / 5,088DOM351 / 351New0Total1
Single Family
Avg/Median Price$795,967 / $989,000Range$399,000 – $999,900Price per Sq Ft$276 / $267Sq Ft2,885 / 3,248DOM113 / 57New0Total3
Townhouse
Avg/Median Price$1,000,000 / $950,000Range$950,000 – $1,050,000Price per Sq Ft$463 / $422Sq Ft2,188 / 1,885DOM35 / 34New0Total2
Sales by Bedroom Count
Studio
Avg:$229,462Median:$189,000Range:$99,000 – $539,000PSF:$395 / $383Sq Ft:577 / 494DOM:113 / 91New:1Total:24
1 Beds
Avg:$322,472Median:$300,000Range:$99,900 – $750,000PSF:$370 / $369Sq Ft:868 / 818DOM:125 / 92New:8Total:114
2 Beds
Avg:$677,372Median:$615,000Range:$199,950 – $1,795,000PSF:$437 / $418Sq Ft:1,516 / 1,445DOM:119 / 98New:3Total:87
3 Beds
Avg:$1,097,300Median:$839,000Range:$399,900 – $3,498,000PSF:$494 / $422Sq Ft:2,109 / 1,885DOM:109 / 54New:1Total:19
4 Beds
Avg:$999,900Median:$999,900Range:$999,900 – $999,900PSF:$308 / $308Sq Ft:3,248 / 3,248DOM:41 / 41New:0Total:1
5 Beds
Avg:$994,450Median:$989,000Range:$989,000 – $999,900PSF:$225 / $197Sq Ft:4,502 / 3,915DOM:296 / 240New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $229,462 | $189,000 | $99,000 – $539,000 | $395 / $383 | 577 / 494 | 113 / 91 | 1 | 24 |
| 1 Beds | $322,472 | $300,000 | $99,900 – $750,000 | $370 / $369 | 868 / 818 | 125 / 92 | 8 | 114 |
| 2 Beds | $677,372 | $615,000 | $199,950 – $1,795,000 | $437 / $418 | 1,516 / 1,445 | 119 / 98 | 3 | 87 |
| 3 Beds | $1,097,300 | $839,000 | $399,900 – $3,498,000 | $494 / $422 | 2,109 / 1,885 | 109 / 54 | 1 | 19 |
| 4 Beds | $999,900 | $999,900 | $999,900 – $999,900 | $308 / $308 | 3,248 / 3,248 | 41 / 41 | 0 | 1 |
| 5 Beds | $994,450 | $989,000 | $989,000 – $999,900 | $225 / $197 | 4,502 / 3,915 | 296 / 240 | 0 | 2 |
Rental Market Overview
Median Rent
$1,725
−0.6%
Median DOM
1
0.0%
New Listings
231
Inventory
567
−4.2%
- Average Rent: $1,930
- Median Rent: $1,725
- Rent Range: $495 – $9,332
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 710 / 649
- Square Footage Range: 250 – 2,405
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 363
- New Listings: 231
- Total Listings: 567
Rentals by Property Type
Apartment
$1,693
Median DOM: 1
Inventory: 500
MoM: −0.6%
Condo
$2,300
Median DOM: 1
Inventory: 47
MoM: −0.6%
Single Family
$1,500
Median DOM: 1
Inventory: 17
MoM: −0.6%
Townhouse
$2,175
Median DOM: 1
Inventory: 3
MoM: −0.6%
Apartment
Avg/Median Rent$1,890 / $1,693Range$495 – $9,332Rent per Sq Ft$3 / $3Sq Ft680 / 627DOM20 / 1New196Total500
Condo
Avg/Median Rent$2,368 / $2,300Range$900 – $4,495Rent per Sq Ft$3 / $2Sq Ft980 / 846DOM26 / 1New18Total47
Single Family
Avg/Median Rent$1,804 / $1,500Range$750 – $3,295Rent per Sq Ft$2 / $2Sq Ft775 / 698DOM15 / 1New15Total17
Townhouse
Avg/Median Rent$2,390 / $2,175Range$1,995 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,056 / 1,017DOM1 / 1New2Total3
Rentals by Bedroom Count
Studio
Avg:$1,324Median:$1,300Range:$495 – $2,300PSF:$3 / $3Sq Ft:491 / 474DOM:34 / 1New:59Total:167
1 Beds
Avg:$1,890Median:$1,789Range:$1,082 – $6,208PSF:$3 / $3Sq Ft:680 / 659DOM:17 / 1New:127Total:303
2 Beds
Avg:$3,060Median:$2,805Range:$1,210 – $9,332PSF:$3 / $3Sq Ft:1,130 / 1,065DOM:10 / 1New:41Total:89
3 Beds
Avg:$3,529Median:$3,010Range:$1,621 – $7,900PSF:$2 / $2Sq Ft:1,538 / 1,348DOM:32 / 1New:4Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,324 | $1,300 | $495 – $2,300 | $3 / $3 | 491 / 474 | 34 / 1 | 59 | 167 |
| 1 Beds | $1,890 | $1,789 | $1,082 – $6,208 | $3 / $3 | 680 / 659 | 17 / 1 | 127 | 303 |
| 2 Beds | $3,060 | $2,805 | $1,210 – $9,332 | $3 / $3 | 1,130 / 1,065 | 10 / 1 | 41 | 89 |
| 3 Beds | $3,529 | $3,010 | $1,621 – $7,900 | $2 / $2 | 1,538 / 1,348 | 32 / 1 | 4 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$399,900Median DOM:112New:44Total:317
Nov 2025
Median Price:$399,000Median DOM:117New:24Total:301
Dec 2025
Median Price:$399,995Median DOM:121New:13Total:261
Jan 2026
Median Price:$399,900Median DOM:106New:50Total:244
Feb 2026
Median Price:$399,900Median DOM:106New:39Total:251
Mar 2026
Median Price:$398,800Median DOM:96New:13Total:247
6-Month Rental Trend
Oct 2025
Median Rent:$1,499Median DOM:16New:70Total:241
Nov 2025
Median Rent:$1,500Median DOM:30New:69Total:220
Dec 2025
Median Rent:$1,660Median DOM:1New:262Total:403
Jan 2026
Median Rent:$1,685Median DOM:1New:328Total:497
Feb 2026
Median Rent:$1,736Median DOM:1New:343Total:592
Mar 2026
Median Rent:$1,725Median DOM:1New:231Total:567
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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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