ZIP 97215 Housing Market Report
Portland Metro
Report period: March 2026
97215 Monthly Market Update – March 2026
ZIP 97215 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$649,000
−1.5%
Median DOM (Sales)
31
−26.2%
New Listings (Sales)
4
−69.2%
Median Rent
$1,500
−3.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
74
+1.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 1 Beds ($1,650,000 median)
Sales Market Overview
Median Price
$649,000
−1.5%
Median DOM
31
−26.2%
New Listings
4
−69.2%
Inventory
60
−3.2%
- Average Price: $890,743
- Median Price: $649,000
- Price Range: $299,999 – $4,999,000
- Price per Sq Ft (Avg/Median): $336 / $328
- Square Footage (Avg/Median): 2,536 / 2,104
- Square Footage Range: 868 – 9,690
- Days on Market (Avg/Median): 73 / 31
- Days on Market Range: 4 – 314
- New Listings: 4
- Total Listings: 60
Sales by Property Type
Condo
Avg/Median Price$412,620 / $359,999Range$334,900 – $619,000Price per Sq Ft$365 / $366Sq Ft1,144 / 1,037DOM108 / 53New1Total9
Land
Avg/Median Price$1,489,650 / $699,900Range$299,999 – $4,999,000Price per Sq Ft—Sq Ft—DOM94 / 81New0Total6
Multi-Family
Avg/Median Price$1,510,211 / $895,000Range$465,000 – $4,799,900Price per Sq Ft$335 / $330Sq Ft4,367 / 2,679DOM106 / 70New0Total9
Single Family
Avg/Median Price$763,606 / $680,000Range$435,000 – $2,700,000Price per Sq Ft$329 / $315Sq Ft2,456 / 2,156DOM54 / 18New3Total35
Townhouse
Avg/Median Price$475,000 / $475,000Range$475,000 – $475,000Price per Sq Ft$341 / $341Sq Ft1,393 / 1,393DOM21 / 21New0Total1
Sales by Bedroom Count
1 Beds
Avg:$3,224,950Median:$1,650,000Range:$1,650,000 – $4,799,900PSF:$340 / $184Sq Ft:9,321 / 8,952DOM:258 / 258New:0Total:2
2 Beds
Avg:$464,506Median:$410,000Range:$334,900 – $1,095,000PSF:$386 / $370Sq Ft:1,253 / 1,037DOM:84 / 48New:1Total:13
3 Beds
Avg:$643,320Median:$619,000Range:$435,000 – $949,900PSF:$331 / $315Sq Ft:1,979 / 2,022DOM:27 / 6New:3Total:20
4 Beds
Avg:$938,983Median:$799,900Range:$560,000 – $2,525,000PSF:$310 / $303Sq Ft:2,982 / 2,620DOM:56 / 29New:0Total:12
5 Beds
Avg:$816,800Median:$700,000Range:$540,000 – $1,300,000PSF:$301 / $300Sq Ft:2,856 / 2,527DOM:145 / 165New:0Total:5
7 Beds
Avg:$1,900,000Median:$1,100,000Range:$1,100,000 – $2,700,000PSF:$309 / $306Sq Ft:6,176 / 3,538DOM:222 / 129New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $3,224,950 | $1,650,000 | $1,650,000 – $4,799,900 | $340 / $184 | 9,321 / 8,952 | 258 / 258 | 0 | 2 |
| 2 Beds | $464,506 | $410,000 | $334,900 – $1,095,000 | $386 / $370 | 1,253 / 1,037 | 84 / 48 | 1 | 13 |
| 3 Beds | $643,320 | $619,000 | $435,000 – $949,900 | $331 / $315 | 1,979 / 2,022 | 27 / 6 | 3 | 20 |
| 4 Beds | $938,983 | $799,900 | $560,000 – $2,525,000 | $310 / $303 | 2,982 / 2,620 | 56 / 29 | 0 | 12 |
| 5 Beds | $816,800 | $700,000 | $540,000 – $1,300,000 | $301 / $300 | 2,856 / 2,527 | 145 / 165 | 0 | 5 |
| 7 Beds | $1,900,000 | $1,100,000 | $1,100,000 – $2,700,000 | $309 / $306 | 6,176 / 3,538 | 222 / 129 | 0 | 2 |
Rental Market Overview
Median Rent
$1,500
−3.2%
Median DOM
1
0.0%
New Listings
22
Inventory
74
+1.4%
- Average Rent: $1,853
- Median Rent: $1,500
- Rent Range: $895 – $5,495
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 929 / 775
- Square Footage Range: 268 – 2,551
- Days on Market (Avg/Median): 33 / 1
- Days on Market Range: 1 – 320
- New Listings: 22
- Total Listings: 74
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 50
MoM: −3.2%
Condo
$1,875
Median DOM: 1
Inventory: 5
MoM: −3.2%
Single Family
$2,550
Median DOM: 1
Inventory: 16
MoM: −3.2%
Townhouse
$895
Median DOM: 1
Inventory: 3
MoM: −3.2%
Apartment
Avg/Median Rent$1,541 / $1,395Range$895 – $4,195Rent per Sq Ft$2 / $2Sq Ft680 / 660DOM48 / 1New12Total50
Condo
Avg/Median Rent$2,117 / $1,875Range$1,399 – $3,500Rent per Sq Ft$2 / $2Sq Ft974 / 850DOM6 / 1New2Total5
Single Family
Avg/Median Rent$2,917 / $2,550Range$2,095 – $5,495Rent per Sq Ft$2 / $2Sq Ft1,644 / 1,784DOM9 / 1New6Total16
Townhouse
Avg/Median Rent$947 / $895Range$895 – $1,050Rent per Sq Ft—Sq Ft—DOM1 / 1New2Total3
Rentals by Bedroom Count
Studio
Avg:$1,140Median:$1,099Range:$895 – $1,395PSF:$3 / $3Sq Ft:432 / 358DOM:42 / 1New:5Total:15
1 Beds
Avg:$1,466Median:$1,450Range:$1,150 – $2,100PSF:$2 / $2Sq Ft:648 / 630DOM:47 / 2New:4Total:23
2 Beds
Avg:$1,880Median:$1,875Range:$1,150 – $2,750PSF:$2 / $2Sq Ft:978 / 800DOM:21 / 1New:8Total:23
3 Beds
Avg:$3,282Median:$2,995Range:$2,350 – $5,495PSF:$2 / $2Sq Ft:1,607 / 1,600DOM:28 / 1New:4Total:11
4 Beds
Avg:$3,498Median:$3,395Range:$3,395 – $3,600PSF:$1 / $1Sq Ft:2,392 / 2,232DOM:16 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,140 | $1,099 | $895 – $1,395 | $3 / $3 | 432 / 358 | 42 / 1 | 5 | 15 |
| 1 Beds | $1,466 | $1,450 | $1,150 – $2,100 | $2 / $2 | 648 / 630 | 47 / 2 | 4 | 23 |
| 2 Beds | $1,880 | $1,875 | $1,150 – $2,750 | $2 / $2 | 978 / 800 | 21 / 1 | 8 | 23 |
| 3 Beds | $3,282 | $2,995 | $2,350 – $5,495 | $2 / $2 | 1,607 / 1,600 | 28 / 1 | 4 | 11 |
| 4 Beds | $3,498 | $3,395 | $3,395 – $3,600 | $1 / $1 | 2,392 / 2,232 | 16 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$650,000Median DOM:25New:19Total:69
Nov 2025
Median Price:$699,000Median DOM:32New:16Total:72
Dec 2025
Median Price:$724,900Median DOM:49New:6Total:57
Jan 2026
Median Price:$599,900Median DOM:62New:17Total:54
Feb 2026
Median Price:$659,000Median DOM:42New:13Total:62
Mar 2026
Median Price:$649,000Median DOM:31New:4Total:60
6-Month Rental Trend
Oct 2025
Median Rent:$1,499Median DOM:1New:31Total:63
Nov 2025
Median Rent:$1,499Median DOM:1New:36Total:63
Dec 2025
Median Rent:$1,499Median DOM:1New:30Total:61
Jan 2026
Median Rent:$1,499Median DOM:1New:32Total:68
Feb 2026
Median Rent:$1,550Median DOM:1New:34Total:73
Mar 2026
Median Rent:$1,500Median DOM:1New:22Total:74
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 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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