ZIP 97217 Housing Market Report
Portland Metro
Report period: March 2026
97217 Monthly Market Update – March 2026
ZIP 97217 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$449,000
0.0%
Median DOM (Sales)
39
−27.8%
New Listings (Sales)
24
−53.8%
Median Rent
$1,648
−2.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
359
+0.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,160,000 median)
Sales Market Overview
Median Price
$449,000
0.0%
Median DOM
39
−27.8%
New Listings
24
−53.8%
Inventory
232
+5.5%
- Average Price: $522,286
- Median Price: $449,000
- Price Range: $39,900 – $4,350,000
- Price per Sq Ft (Avg/Median): $318 / $319
- Square Footage (Avg/Median): 1,723 / 1,620
- Square Footage Range: 290 – 10,606
- Days on Market (Avg/Median): 88 / 39
- Days on Market Range: 1 – 362
- New Listings: 24
- Total Listings: 232
Sales by Property Type
Condo
Avg/Median Price$361,184 / $330,000Range$124,999 – $769,000Price per Sq Ft$338 / $348Sq Ft1,191 / 958DOM124 / 99New7Total80
Land
Avg/Median Price$892,150 / $399,000Range$199,900 – $2,500,000Price per Sq Ft—Sq Ft—DOM134 / 95New0Total6
Manufactured
Avg/Median Price$155,281 / $140,000Range$39,900 – $355,000Price per Sq Ft$132 / $100Sq Ft1,156 / 1,120DOM66 / 8New2Total6
Multi-Family
Avg/Median Price$1,364,892 / $674,900Range$439,000 – $4,350,000Price per Sq Ft$340 / $321Sq Ft4,052 / 2,755DOM88 / 65New0Total12
Single Family
Avg/Median Price$549,805 / $499,900Range$89,000 – $1,270,000Price per Sq Ft$310 / $299Sq Ft1,923 / 1,866DOM67 / 26New13Total118
Townhouse
Avg/Median Price$473,540 / $399,000Range$338,900 – $800,000Price per Sq Ft$342 / $350Sq Ft1,450 / 1,077DOM61 / 29New2Total10
Sales by Bedroom Count
Studio
Avg:$178,320Median:$189,500Range:$89,000 – $239,000PSF:$536 / $547Sq Ft:354 / 373DOM:158 / 163New:0Total:5
1 Beds
Avg:$413,658Median:$270,000Range:$124,999 – $4,350,000PSF:$411 / $412Sq Ft:1,032 / 657DOM:100 / 33New:5Total:29
2 Beds
Avg:$411,273Median:$385,000Range:$39,900 – $1,300,000PSF:$313 / $322Sq Ft:1,352 / 1,105DOM:102 / 63New:9Total:77
3 Beds
Avg:$523,969Median:$495,000Range:$140,000 – $1,270,000PSF:$301 / $289Sq Ft:1,810 / 1,816DOM:76 / 23New:8Total:77
4 Beds
Avg:$680,309Median:$625,000Range:$399,900 – $1,199,000PSF:$278 / $278Sq Ft:2,515 / 2,568DOM:70 / 41New:2Total:22
5 Beds
Avg:$954,509Median:$724,900Range:$555,000 – $3,400,000PSF:$259 / $247Sq Ft:3,585 / 2,755DOM:30 / 8New:0Total:11
6 Beds
Avg:$896,633Median:$635,000Range:$559,000 – $1,495,900PSF:$287 / $279Sq Ft:2,985 / 2,406DOM:104 / 86New:0Total:3
8 Beds
Avg:$1,379,950Median:$1,160,000Range:$1,160,000 – $1,599,900PSF:$366 / $309Sq Ft:3,766 / 3,757DOM:7 / 3New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $178,320 | $189,500 | $89,000 – $239,000 | $536 / $547 | 354 / 373 | 158 / 163 | 0 | 5 |
| 1 Beds | $413,658 | $270,000 | $124,999 – $4,350,000 | $411 / $412 | 1,032 / 657 | 100 / 33 | 5 | 29 |
| 2 Beds | $411,273 | $385,000 | $39,900 – $1,300,000 | $313 / $322 | 1,352 / 1,105 | 102 / 63 | 9 | 77 |
| 3 Beds | $523,969 | $495,000 | $140,000 – $1,270,000 | $301 / $289 | 1,810 / 1,816 | 76 / 23 | 8 | 77 |
| 4 Beds | $680,309 | $625,000 | $399,900 – $1,199,000 | $278 / $278 | 2,515 / 2,568 | 70 / 41 | 2 | 22 |
| 5 Beds | $954,509 | $724,900 | $555,000 – $3,400,000 | $259 / $247 | 3,585 / 2,755 | 30 / 8 | 0 | 11 |
| 6 Beds | $896,633 | $635,000 | $559,000 – $1,495,900 | $287 / $279 | 2,985 / 2,406 | 104 / 86 | 0 | 3 |
| 8 Beds | $1,379,950 | $1,160,000 | $1,160,000 – $1,599,900 | $366 / $309 | 3,766 / 3,757 | 7 / 3 | 0 | 2 |
Rental Market Overview
Median Rent
$1,648
−2.7%
Median DOM
1
0.0%
New Listings
122
Inventory
359
+0.6%
- Average Rent: $1,820
- Median Rent: $1,648
- Rent Range: $665 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 852 / 725
- Square Footage Range: 289 – 3,530
- Days on Market (Avg/Median): 36 / 1
- Days on Market Range: 1 – 316
- New Listings: 122
- Total Listings: 359
Rentals by Property Type
Apartment
$1,450
Median DOM: 1
Inventory: 256
MoM: −2.7%
Condo
$1,875
Median DOM: 1
Inventory: 14
MoM: −2.7%
Single Family
$2,575
Median DOM: 1
Inventory: 65
MoM: −2.7%
Townhouse
$2,495
Median DOM: 1
Inventory: 13
MoM: −2.7%
Apartment
Avg/Median Rent$1,617 / $1,450Range$875 – $3,497Rent per Sq Ft$2 / $2Sq Ft704 / 650DOM43 / 1New81Total256
Condo
Avg/Median Rent$1,885 / $1,875Range$1,295 – $3,159Rent per Sq Ft$3 / $3Sq Ft762 / 747DOM7 / 1New8Total14
Multi-Family
Avg/Median Rent$1,385 / $1,150Range$950 – $2,195Rent per Sq Ft$3 / $2Sq Ft796 / 505DOM113 / 167New1Total11
Single Family
Avg/Median Rent$2,563 / $2,575Range$665 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,365 / 1,172DOM11 / 1New25Total65
Townhouse
Avg/Median Rent$2,424 / $2,495Range$1,695 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,233 / 1,150DOM2 / 1New7Total13
Rentals by Bedroom Count
Studio
Avg:$1,269Median:$1,195Range:$900 – $2,230PSF:$3 / $3Sq Ft:443 / 443DOM:47 / 1New:14Total:55
1 Beds
Avg:$1,484Median:$1,425Range:$665 – $2,358PSF:$2 / $2Sq Ft:639 / 626DOM:49 / 1New:59Total:163
2 Beds
Avg:$2,203Median:$2,225Range:$1,325 – $3,497PSF:$2 / $2Sq Ft:1,018 / 961DOM:20 / 1New:35Total:102
3 Beds
Avg:$2,906Median:$2,850Range:$2,150 – $5,500PSF:$2 / $2Sq Ft:1,663 / 1,598DOM:12 / 1New:9Total:32
4 Beds
Avg:$3,016Median:$2,995Range:$2,675 – $3,595PSF:$2 / $2Sq Ft:1,896 / 1,695DOM:1 / 1New:4Total:6
5 Beds
Avg:$5,995Median:$5,995Range:$5,995 – $5,995PSF:$2 / $2Sq Ft:3,530 / 3,530DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,269 | $1,195 | $900 – $2,230 | $3 / $3 | 443 / 443 | 47 / 1 | 14 | 55 |
| 1 Beds | $1,484 | $1,425 | $665 – $2,358 | $2 / $2 | 639 / 626 | 49 / 1 | 59 | 163 |
| 2 Beds | $2,203 | $2,225 | $1,325 – $3,497 | $2 / $2 | 1,018 / 961 | 20 / 1 | 35 | 102 |
| 3 Beds | $2,906 | $2,850 | $2,150 – $5,500 | $2 / $2 | 1,663 / 1,598 | 12 / 1 | 9 | 32 |
| 4 Beds | $3,016 | $2,995 | $2,675 – $3,595 | $2 / $2 | 1,896 / 1,695 | 1 / 1 | 4 | 6 |
| 5 Beds | $5,995 | $5,995 | $5,995 – $5,995 | $2 / $2 | 3,530 / 3,530 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$440,000Median DOM:70New:57Total:295
Nov 2025
Median Price:$440,000Median DOM:71New:22Total:266
Dec 2025
Median Price:$449,000Median DOM:96New:18Total:219
Jan 2026
Median Price:$439,999Median DOM:94New:47Total:199
Feb 2026
Median Price:$449,000Median DOM:54New:52Total:220
Mar 2026
Median Price:$449,000Median DOM:39New:24Total:232
6-Month Rental Trend
Oct 2025
Median Rent:$1,575Median DOM:14New:101Total:251
Nov 2025
Median Rent:$1,637Median DOM:7New:87Total:242
Dec 2025
Median Rent:$1,639Median DOM:1New:119Total:268
Jan 2026
Median Rent:$1,663Median DOM:1New:165Total:330
Feb 2026
Median Rent:$1,694Median DOM:1New:190Total:357
Mar 2026
Median Rent:$1,648Median DOM:1New:122Total:359
Key Market Takeaways
Median sale prices held steady 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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