ZIP 97229 Housing Market Report
Portland Metro
Report period: March 2026
97229 Monthly Market Update – March 2026
ZIP 97229 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$775,000
−0.6%
Median DOM (Sales)
37
−15.9%
New Listings (Sales)
76
−38.2%
Median Rent
$1,859
+0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
288
+2.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (27 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($1,199,950 median)
Sales Market Overview
Median Price
$775,000
−0.6%
Median DOM
37
−15.9%
New Listings
76
−38.2%
Inventory
457
+7.0%
- Average Price: $799,022
- Median Price: $775,000
- Price Range: $100,000 – $6,500,000
- Price per Sq Ft (Avg/Median): $317 / $305
- Square Footage (Avg/Median): 2,611 / 2,582
- Square Footage Range: 467 – 10,136
- Days on Market (Avg/Median): 77 / 37
- Days on Market Range: 1 – 362
- New Listings: 76
- Total Listings: 457
Sales by Property Type
Condo
Avg/Median Price$329,179 / $304,990Range$174,000 – $650,000Price per Sq Ft$297 / $295Sq Ft1,124 / 1,073DOM114 / 82New3Total66
Land
Avg/Median Price$441,022 / $349,900Range$100,000 – $1,895,000Price per Sq Ft—Sq Ft—DOM112 / 56New5Total23
Single Family
Avg/Median Price$961,747 / $869,900Range$425,000 – $6,500,000Price per Sq Ft$322 / $309Sq Ft3,046 / 2,880DOM71 / 31New58Total325
Townhouse
Avg/Median Price$481,771 / $469,000Range$350,000 – $659,950Price per Sq Ft$302 / $300Sq Ft1,604 / 1,577DOM55 / 27New10Total43
Sales by Bedroom Count
Studio
Avg:$179,000Median:$179,000Range:$179,000 – $179,000PSF:$383 / $383Sq Ft:467 / 467DOM:131 / 131New:0Total:1
1 Beds
Avg:$222,287Median:$232,000Range:$174,000 – $268,499PSF:$345 / $351Sq Ft:643 / 634DOM:43 / 24New:1Total:8
2 Beds
Avg:$395,345Median:$350,000Range:$195,000 – $975,000PSF:$304 / $302Sq Ft:1,286 / 1,184DOM:104 / 61New:5Total:68
3 Beds
Avg:$604,848Median:$529,995Range:$324,500 – $2,190,000PSF:$335 / $311Sq Ft:1,816 / 1,659DOM:68 / 34New:14Total:82
4 Beds
Avg:$959,321Median:$849,900Range:$499,900 – $6,500,000PSF:$320 / $305Sq Ft:2,994 / 2,725DOM:70 / 27New:34Total:158
5 Beds
Avg:$1,032,526Median:$925,000Range:$599,000 – $2,295,000PSF:$304 / $299Sq Ft:3,473 / 3,085DOM:69 / 33New:15Total:99
6 Beds
Avg:$1,202,313Median:$989,900Range:$760,000 – $2,395,000PSF:$314 / $294Sq Ft:3,748 / 3,757DOM:115 / 47New:2Total:15
7 Beds
Avg:$1,581,317Median:$1,199,950Range:$849,000 – $2,695,000PSF:$262 / $266Sq Ft:5,992 / 4,224DOM:98 / 33New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $179,000 | $179,000 | $179,000 – $179,000 | $383 / $383 | 467 / 467 | 131 / 131 | 0 | 1 |
| 1 Beds | $222,287 | $232,000 | $174,000 – $268,499 | $345 / $351 | 643 / 634 | 43 / 24 | 1 | 8 |
| 2 Beds | $395,345 | $350,000 | $195,000 – $975,000 | $304 / $302 | 1,286 / 1,184 | 104 / 61 | 5 | 68 |
| 3 Beds | $604,848 | $529,995 | $324,500 – $2,190,000 | $335 / $311 | 1,816 / 1,659 | 68 / 34 | 14 | 82 |
| 4 Beds | $959,321 | $849,900 | $499,900 – $6,500,000 | $320 / $305 | 2,994 / 2,725 | 70 / 27 | 34 | 158 |
| 5 Beds | $1,032,526 | $925,000 | $599,000 – $2,295,000 | $304 / $299 | 3,473 / 3,085 | 69 / 33 | 15 | 99 |
| 6 Beds | $1,202,313 | $989,900 | $760,000 – $2,395,000 | $314 / $294 | 3,748 / 3,757 | 115 / 47 | 2 | 15 |
| 7 Beds | $1,581,317 | $1,199,950 | $849,000 – $2,695,000 | $262 / $266 | 5,992 / 4,224 | 98 / 33 | 0 | 3 |
Rental Market Overview
Median Rent
$1,859
+0.5%
Median DOM
1
0.0%
New Listings
109
Inventory
288
+2.5%
- Average Rent: $2,320
- Median Rent: $1,859
- Rent Range: $995 – $9,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,387 / 1,006
- Square Footage Range: 343 – 4,593
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 352
- New Listings: 109
- Total Listings: 288
Rentals by Property Type
Apartment
$1,675
Median DOM: 13
Inventory: 137
MoM: +0.5%
Condo
$1,649
Median DOM: 1
Inventory: 14
MoM: +0.5%
Single Family
$2,795
Median DOM: 1
Inventory: 115
MoM: +0.5%
Townhouse
$2,430
Median DOM: 1
Inventory: 21
MoM: +0.5%
Apartment
Avg/Median Rent$1,740 / $1,675Range$1,156 – $5,838Rent per Sq Ft$2 / $2Sq Ft867 / 864DOM49 / 13New33Total137
Condo
Avg/Median Rent$1,670 / $1,649Range$1,250 – $2,850Rent per Sq Ft$2 / $2Sq Ft855 / 812DOM18 / 1New7Total14
Multi-Family
Avg/Median Rent$2,090 / $2,090Range$2,090 – $2,090Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM238 / 238New0Total1
Single Family
Avg/Median Rent$3,094 / $2,795Range$995 – $9,000Rent per Sq Ft$2 / $1Sq Ft2,062 / 1,809DOM6 / 1New59Total115
Townhouse
Avg/Median Rent$2,311 / $2,430Range$1,400 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,359 / 1,350DOM17 / 1New10Total21
Rentals by Bedroom Count
Studio
Avg:$1,312Median:$1,325Range:$1,156 – $1,402PSF:$3 / $3Sq Ft:465 / 479DOM:1 / 1New:1Total:4
1 Beds
Avg:$1,470Median:$1,478Range:$995 – $1,886PSF:$2 / $2Sq Ft:680 / 714DOM:54 / 5New:15Total:54
2 Beds
Avg:$1,814Median:$1,780Range:$1,250 – $4,161PSF:$2 / $2Sq Ft:979 / 982DOM:34 / 3New:41Total:119
3 Beds
Avg:$2,695Median:$2,500Range:$1,595 – $7,000PSF:$2 / $2Sq Ft:1,569 / 1,500DOM:12 / 1New:26Total:55
4 Beds
Avg:$3,834Median:$3,110Range:$2,495 – $9,000PSF:$1 / $1Sq Ft:2,599 / 2,527DOM:6 / 1New:20Total:38
5 Beds
Avg:$4,201Median:$3,995Range:$3,095 – $9,000PSF:$1 / $1Sq Ft:3,247 / 2,959DOM:12 / 1New:6Total:15
6 Beds
Avg:$3,573Median:$3,460Range:$3,460 – $3,800PSF:$1 / $1Sq Ft:3,111 / 3,012DOM:15 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,312 | $1,325 | $1,156 – $1,402 | $3 / $3 | 465 / 479 | 1 / 1 | 1 | 4 |
| 1 Beds | $1,470 | $1,478 | $995 – $1,886 | $2 / $2 | 680 / 714 | 54 / 5 | 15 | 54 |
| 2 Beds | $1,814 | $1,780 | $1,250 – $4,161 | $2 / $2 | 979 / 982 | 34 / 3 | 41 | 119 |
| 3 Beds | $2,695 | $2,500 | $1,595 – $7,000 | $2 / $2 | 1,569 / 1,500 | 12 / 1 | 26 | 55 |
| 4 Beds | $3,834 | $3,110 | $2,495 – $9,000 | $1 / $1 | 2,599 / 2,527 | 6 / 1 | 20 | 38 |
| 5 Beds | $4,201 | $3,995 | $3,095 – $9,000 | $1 / $1 | 3,247 / 2,959 | 12 / 1 | 6 | 15 |
| 6 Beds | $3,573 | $3,460 | $3,460 – $3,800 | $1 / $1 | 3,111 / 3,012 | 15 / 1 | 0 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$779,900Median DOM:77New:99Total:566
Nov 2025
Median Price:$775,000Median DOM:80New:78Total:506
Dec 2025
Median Price:$775,000Median DOM:95New:57Total:425
Jan 2026
Median Price:$774,900Median DOM:85New:128Total:411
Feb 2026
Median Price:$779,999Median DOM:44New:123Total:427
Mar 2026
Median Price:$775,000Median DOM:37New:76Total:457
6-Month Rental Trend
Oct 2025
Median Rent:$2,549Median DOM:1New:167Total:301
Nov 2025
Median Rent:$2,449Median DOM:1New:137Total:262
Dec 2025
Median Rent:$2,141Median DOM:1New:160Total:280
Jan 2026
Median Rent:$1,889Median DOM:1New:152Total:284
Feb 2026
Median Rent:$1,850Median DOM:1New:128Total:281
Mar 2026
Median Rent:$1,859Median DOM:1New:109Total:288
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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