ZIP 97224 Housing Market Report
Portland Metro
Report period: March 2026
97224 Monthly Market Update – March 2026
ZIP 97224 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$575,000
0.0%
Median DOM (Sales)
43
+2.4%
New Listings (Sales)
26
−65.8%
Median Rent
$1,936
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
102
−7.3%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($2,285,000 median)
Sales Market Overview
Median Price
$575,000
0.0%
Median DOM
43
+2.4%
New Listings
26
−65.8%
Inventory
297
−2.3%
- Average Price: $563,213
- Median Price: $575,000
- Price Range: $30,000 – $2,285,000
- Price per Sq Ft (Avg/Median): $277 / $279
- Square Footage (Avg/Median): 2,048 / 1,829
- Square Footage Range: 715 – 9,052
- Days on Market (Avg/Median): 70 / 43
- Days on Market Range: 1 – 359
- New Listings: 26
- Total Listings: 297
Sales by Property Type
Condo
Avg/Median Price$303,176 / $289,000Range$169,900 – $639,900Price per Sq Ft$275 / $261Sq Ft1,127 / 1,028DOM76 / 77New1Total35
Land
Avg/Median Price$570,000 / $292,000Range$140,000 – $1,850,000Price per Sq Ft—Sq Ft—DOM190 / 188New0Total9
Manufactured
Avg/Median Price$109,817 / $89,900Range$30,000 – $265,900Price per Sq Ft$76 / $69Sq Ft1,287 / 1,260DOM116 / 114New0Total38
Multi-Family
Avg/Median Price$2,285,000 / $2,285,000Range$2,285,000 – $2,285,000Price per Sq Ft—Sq Ft—DOM31 / 31New0Total1
Single Family
Avg/Median Price$710,358 / $679,000Range$339,900 – $2,000,000Price per Sq Ft$312 / $300Sq Ft2,430 / 2,362DOM56 / 30New23Total187
Townhouse
Avg/Median Price$453,270 / $435,000Range$394,999 – $569,900Price per Sq Ft$292 / $279Sq Ft1,583 / 1,570DOM58 / 34New2Total27
Sales by Bedroom Count
1 Beds
Avg:$212,217Median:$195,000Range:$169,900 – $259,900PSF:$282 / $254Sq Ft:755 / 748DOM:79 / 91New:0Total:6
2 Beds
Avg:$279,432Median:$279,000Range:$30,000 – $672,900PSF:$239 / $275Sq Ft:1,178 / 1,152DOM:77 / 69New:2Total:70
3 Beds
Avg:$520,514Median:$545,900Range:$69,500 – $2,000,000PSF:$303 / $286Sq Ft:1,778 / 1,686DOM:68 / 44New:10Total:91
4 Beds
Avg:$741,968Median:$705,000Range:$180,000 – $1,288,444PSF:$290 / $289Sq Ft:2,580 / 2,500DOM:51 / 29New:11Total:90
5 Beds
Avg:$804,945Median:$799,431Range:$569,900 – $1,050,000PSF:$252 / $256Sq Ft:3,200 / 3,264DOM:66 / 38New:2Total:21
6 Beds
Avg:$900,449Median:$899,990Range:$639,900 – $1,050,000PSF:$248 / $246Sq Ft:3,639 / 3,630DOM:92 / 35New:1Total:8
7 Beds
Avg:$774,500Median:$774,500Range:$774,500 – $774,500PSF:$86 / $86Sq Ft:9,052 / 9,052DOM:246 / 246New:0Total:1
8 Beds
Avg:$2,285,000Median:$2,285,000Range:$2,285,000 – $2,285,000PSF:—Sq Ft:—DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $212,217 | $195,000 | $169,900 – $259,900 | $282 / $254 | 755 / 748 | 79 / 91 | 0 | 6 |
| 2 Beds | $279,432 | $279,000 | $30,000 – $672,900 | $239 / $275 | 1,178 / 1,152 | 77 / 69 | 2 | 70 |
| 3 Beds | $520,514 | $545,900 | $69,500 – $2,000,000 | $303 / $286 | 1,778 / 1,686 | 68 / 44 | 10 | 91 |
| 4 Beds | $741,968 | $705,000 | $180,000 – $1,288,444 | $290 / $289 | 2,580 / 2,500 | 51 / 29 | 11 | 90 |
| 5 Beds | $804,945 | $799,431 | $569,900 – $1,050,000 | $252 / $256 | 3,200 / 3,264 | 66 / 38 | 2 | 21 |
| 6 Beds | $900,449 | $899,990 | $639,900 – $1,050,000 | $248 / $246 | 3,639 / 3,630 | 92 / 35 | 1 | 8 |
| 7 Beds | $774,500 | $774,500 | $774,500 – $774,500 | $86 / $86 | 9,052 / 9,052 | 246 / 246 | 0 | 1 |
| 8 Beds | $2,285,000 | $2,285,000 | $2,285,000 – $2,285,000 | — | — | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$1,936
0.0%
Median DOM
1
0.0%
New Listings
38
Inventory
102
−7.3%
- Average Rent: $2,292
- Median Rent: $1,936
- Rent Range: $1,150 – $8,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,199 / 868
- Square Footage Range: 486 – 3,693
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 357
- New Listings: 38
- Total Listings: 102
Rentals by Property Type
Apartment
$1,742
Median DOM: 1
Inventory: 67
MoM: 0.0%
Condo
$1,795
Median DOM: 15
Inventory: 4
MoM: 0.0%
Single Family
$3,295
Median DOM: 1
Inventory: 28
MoM: 0.0%
Townhouse
$2,495
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,802 / $1,742Range$1,150 – $2,706Rent per Sq Ft$2 / $2Sq Ft774 / 730DOM44 / 1New27Total67
Condo
Avg/Median Rent$1,885 / $1,795Range$1,795 – $2,150Rent per Sq Ft$2 / $2Sq Ft844 / 850DOM22 / 15New1Total4
Single Family
Avg/Median Rent$3,486 / $3,295Range$2,100 – $8,000Rent per Sq Ft$2 / $1Sq Ft2,215 / 2,121DOM10 / 1New9Total28
Townhouse
Avg/Median Rent$2,636 / $2,495Range$2,395 – $3,019Rent per Sq Ft$2 / $2Sq Ft1,663 / 1,601DOM19 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,519Median:$1,491Range:$1,292 – $1,727PSF:$3 / $3Sq Ft:560 / 534DOM:1 / 1New:2Total:4
1 Beds
Avg:$1,666Median:$1,742Range:$1,150 – $2,228PSF:$2 / $2Sq Ft:699 / 700DOM:33 / 1New:16Total:42
2 Beds
Avg:$2,155Median:$2,275Range:$1,350 – $2,706PSF:$2 / $2Sq Ft:1,008 / 1,029DOM:50 / 1New:11Total:26
3 Beds
Avg:$3,012Median:$2,645Range:$1,650 – $6,750PSF:$2 / $2Sq Ft:1,676 / 1,474DOM:33 / 1New:5Total:14
4 Beds
Avg:$3,709Median:$3,300Range:$2,995 – $8,000PSF:$2 / $1Sq Ft:2,459 / 2,386DOM:1 / 1New:4Total:13
5 Beds
Avg:$3,495Median:$3,495Range:$3,495 – $3,495PSF:$1 / $1Sq Ft:2,677 / 2,360DOM:10 / 1New:0Total:2
6 Beds
Avg:$4,350Median:$4,350Range:$4,350 – $4,350PSF:$1 / $1Sq Ft:3,693 / 3,693DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,519 | $1,491 | $1,292 – $1,727 | $3 / $3 | 560 / 534 | 1 / 1 | 2 | 4 |
| 1 Beds | $1,666 | $1,742 | $1,150 – $2,228 | $2 / $2 | 699 / 700 | 33 / 1 | 16 | 42 |
| 2 Beds | $2,155 | $2,275 | $1,350 – $2,706 | $2 / $2 | 1,008 / 1,029 | 50 / 1 | 11 | 26 |
| 3 Beds | $3,012 | $2,645 | $1,650 – $6,750 | $2 / $2 | 1,676 / 1,474 | 33 / 1 | 5 | 14 |
| 4 Beds | $3,709 | $3,300 | $2,995 – $8,000 | $2 / $1 | 2,459 / 2,386 | 1 / 1 | 4 | 13 |
| 5 Beds | $3,495 | $3,495 | $3,495 – $3,495 | $1 / $1 | 2,677 / 2,360 | 10 / 1 | 0 | 2 |
| 6 Beds | $4,350 | $4,350 | $4,350 – $4,350 | $1 / $1 | 3,693 / 3,693 | 13 / 13 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$625,000Median DOM:41New:111Total:393
Nov 2025
Median Price:$625,000Median DOM:45New:57Total:355
Dec 2025
Median Price:$579,900Median DOM:48New:60Total:307
Jan 2026
Median Price:$569,900Median DOM:50New:73Total:281
Feb 2026
Median Price:$575,000Median DOM:42New:76Total:304
Mar 2026
Median Price:$575,000Median DOM:43New:26Total:297
6-Month Rental Trend
Oct 2025
Median Rent:$2,495Median DOM:1New:34Total:82
Nov 2025
Median Rent:$2,395Median DOM:1New:29Total:69
Dec 2025
Median Rent:$2,095Median DOM:1New:55Total:94
Jan 2026
Median Rent:$2,000Median DOM:1New:60Total:101
Feb 2026
Median Rent:$1,936Median DOM:1New:55Total:110
Mar 2026
Median Rent:$1,936Median DOM:1New:38Total:102
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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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