ZIP 97212 Housing Market Report
Portland Metro
Report period: March 2026
97212 Monthly Market Update – March 2026
ZIP 97212 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$835,000
+4.4%
Median DOM (Sales)
15
−34.8%
New Listings (Sales)
13
−45.8%
Median Rent
$1,675
−1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
118
−0.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,275,000 median)
Sales Market Overview
Median Price
$835,000
+4.4%
Median DOM
15
−34.8%
New Listings
13
−45.8%
Inventory
87
+16.0%
- Average Price: $907,417
- Median Price: $835,000
- Price Range: $199,000 – $3,325,000
- Price per Sq Ft (Avg/Median): $344 / $340
- Square Footage (Avg/Median): 2,728 / 2,518
- Square Footage Range: 671 – 7,550
- Days on Market (Avg/Median): 43 / 15
- Days on Market Range: 3 – 272
- New Listings: 13
- Total Listings: 87
Sales by Property Type
Condo
Avg/Median Price$405,593 / $395,000Range$275,000 – $649,500Price per Sq Ft$356 / $355Sq Ft1,157 / 1,058DOM46 / 35New2Total14
Land
Avg/Median Price$599,333 / $700,000Range$199,000 – $899,000Price per Sq Ft—Sq Ft—DOM15 / 15New0Total3
Multi-Family
Avg/Median Price$1,046,857 / $1,075,000Range$725,000 – $1,475,000Price per Sq Ft$339 / $284Sq Ft3,455 / 3,813DOM104 / 53New0Total7
Single Family
Avg/Median Price$1,035,608 / $899,900Range$340,000 – $3,325,000Price per Sq Ft$341 / $338Sq Ft3,051 / 2,716DOM36 / 8New10Total61
Townhouse
Avg/Median Price$484,450 / $449,900Range$449,900 – $519,000Price per Sq Ft$364 / $346Sq Ft1,329 / 1,302DOM45 / 6New1Total2
Sales by Bedroom Count
1 Beds
Avg:$494,750Median:$299,000Range:$275,000 – $1,090,000PSF:$395 / $378Sq Ft:1,279 / 748DOM:50 / 7New:1Total:4
2 Beds
Avg:$446,285Median:$440,000Range:$289,900 – $729,000PSF:$350 / $347Sq Ft:1,280 / 1,275DOM:45 / 23New:2Total:13
3 Beds
Avg:$693,096Median:$650,000Range:$445,000 – $999,999PSF:$336 / $332Sq Ft:2,109 / 2,072DOM:41 / 19New:2Total:23
4 Beds
Avg:$997,614Median:$869,900Range:$500,000 – $1,850,000PSF:$334 / $360Sq Ft:3,044 / 2,716DOM:40 / 7New:2Total:21
5 Beds
Avg:$1,499,791Median:$1,100,000Range:$899,000 – $3,325,000PSF:$351 / $340Sq Ft:4,071 / 3,770DOM:28 / 5New:3Total:11
6 Beds
Avg:$1,345,322Median:$1,275,000Range:$725,000 – $2,699,000PSF:$373 / $329Sq Ft:3,940 / 3,362DOM:72 / 53New:2Total:9
7 Beds
Avg:$1,289,967Median:$1,075,000Range:$999,900 – $1,795,000PSF:$260 / $255Sq Ft:4,911 / 4,420DOM:47 / 27New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $494,750 | $299,000 | $275,000 – $1,090,000 | $395 / $378 | 1,279 / 748 | 50 / 7 | 1 | 4 |
| 2 Beds | $446,285 | $440,000 | $289,900 – $729,000 | $350 / $347 | 1,280 / 1,275 | 45 / 23 | 2 | 13 |
| 3 Beds | $693,096 | $650,000 | $445,000 – $999,999 | $336 / $332 | 2,109 / 2,072 | 41 / 19 | 2 | 23 |
| 4 Beds | $997,614 | $869,900 | $500,000 – $1,850,000 | $334 / $360 | 3,044 / 2,716 | 40 / 7 | 2 | 21 |
| 5 Beds | $1,499,791 | $1,100,000 | $899,000 – $3,325,000 | $351 / $340 | 4,071 / 3,770 | 28 / 5 | 3 | 11 |
| 6 Beds | $1,345,322 | $1,275,000 | $725,000 – $2,699,000 | $373 / $329 | 3,940 / 3,362 | 72 / 53 | 2 | 9 |
| 7 Beds | $1,289,967 | $1,075,000 | $999,900 – $1,795,000 | $260 / $255 | 4,911 / 4,420 | 47 / 27 | 1 | 3 |
Rental Market Overview
Median Rent
$1,675
−1.2%
Median DOM
1
0.0%
New Listings
29
Inventory
118
−0.8%
- Average Rent: $2,093
- Median Rent: $1,675
- Rent Range: $945 – $6,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,182 / 895
- Square Footage Range: 330 – 6,062
- Days on Market (Avg/Median): 48 / 1
- Days on Market Range: 1 – 331
- New Listings: 29
- Total Listings: 118
Rentals by Property Type
Apartment
$1,550
Median DOM: 7
Inventory: 78
MoM: −1.2%
Condo
$1,395
Median DOM: 20
Inventory: 6
MoM: −1.2%
Single Family
$2,885
Median DOM: 1
Inventory: 34
MoM: −1.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −1.2%
Apartment
Avg/Median Rent$1,717 / $1,550Range$975 – $5,787Rent per Sq Ft$2 / $2Sq Ft820 / 780DOM52 / 7New17Total78
Condo
Avg/Median Rent$1,912 / $1,395Range$1,150 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,375 / 650DOM46 / 20New1Total6
Single Family
Avg/Median Rent$2,987 / $2,885Range$945 – $6,995Rent per Sq Ft$2 / $2Sq Ft1,817 / 1,708DOM39 / 1New11Total34
Rentals by Bedroom Count
Studio
Avg:$1,299Median:$1,225Range:$1,100 – $1,795PSF:$3 / $3Sq Ft:406 / 369DOM:83 / 32New:1Total:8
1 Beds
Avg:$1,460Median:$1,475Range:$945 – $2,400PSF:$2 / $2Sq Ft:632 / 634DOM:43 / 1New:14Total:51
2 Beds
Avg:$1,921Median:$1,795Range:$1,350 – $2,880PSF:$2 / $2Sq Ft:956 / 895DOM:68 / 13New:7Total:27
3 Beds
Avg:$3,223Median:$2,950Range:$1,695 – $5,787PSF:$2 / $2Sq Ft:1,698 / 1,677DOM:36 / 1New:4Total:21
4 Beds
Avg:$3,560Median:$3,249Range:$2,595 – $5,745PSF:$2 / $2Sq Ft:2,214 / 2,000DOM:10 / 1New:2Total:10
6 Beds
Avg:$6,995Median:$6,995Range:$6,995 – $6,995PSF:$1 / $1Sq Ft:6,062 / 6,062DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,299 | $1,225 | $1,100 – $1,795 | $3 / $3 | 406 / 369 | 83 / 32 | 1 | 8 |
| 1 Beds | $1,460 | $1,475 | $945 – $2,400 | $2 / $2 | 632 / 634 | 43 / 1 | 14 | 51 |
| 2 Beds | $1,921 | $1,795 | $1,350 – $2,880 | $2 / $2 | 956 / 895 | 68 / 13 | 7 | 27 |
| 3 Beds | $3,223 | $2,950 | $1,695 – $5,787 | $2 / $2 | 1,698 / 1,677 | 36 / 1 | 4 | 21 |
| 4 Beds | $3,560 | $3,249 | $2,595 – $5,745 | $2 / $2 | 2,214 / 2,000 | 10 / 1 | 2 | 10 |
| 6 Beds | $6,995 | $6,995 | $6,995 – $6,995 | $1 / $1 | 6,062 / 6,062 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$849,900Median DOM:28New:27Total:127
Nov 2025
Median Price:$849,900Median DOM:42New:11Total:95
Dec 2025
Median Price:$799,000Median DOM:78New:8Total:66
Jan 2026
Median Price:$850,000Median DOM:58New:19Total:63
Feb 2026
Median Price:$799,900Median DOM:23New:24Total:75
Mar 2026
Median Price:$835,000Median DOM:15New:13Total:87
6-Month Rental Trend
Oct 2025
Median Rent:$1,999Median DOM:1New:50Total:108
Nov 2025
Median Rent:$1,725Median DOM:5New:47Total:111
Dec 2025
Median Rent:$1,650Median DOM:1New:53Total:116
Jan 2026
Median Rent:$1,650Median DOM:1New:54Total:119
Feb 2026
Median Rent:$1,695Median DOM:1New:46Total:119
Mar 2026
Median Rent:$1,675Median DOM:1New:29Total:118
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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