ZIP 97232 Housing Market Report
Portland Metro
Report period: March 2026
97232 Monthly Market Update – March 2026
ZIP 97232 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$374,900
+13.6%
Median DOM (Sales)
33
−17.5%
New Listings (Sales)
6
−25.0%
Median Rent
$1,551
−1.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
272
−8.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,710,000 median)
Sales Market Overview
Median Price
$374,900
+13.6%
Median DOM
33
−17.5%
New Listings
6
−25.0%
Inventory
33
+10.0%
- Average Price: $611,061
- Median Price: $374,900
- Price Range: $185,000 – $2,500,000
- Price per Sq Ft (Avg/Median): $365 / $360
- Square Footage (Avg/Median): 1,642 / 972
- Square Footage Range: 481 – 5,957
- Days on Market (Avg/Median): 65 / 33
- Days on Market Range: 5 – 271
- New Listings: 6
- Total Listings: 33
Sales by Property Type
Condo
Avg/Median Price$314,530 / $275,000Range$185,000 – $639,000Price per Sq Ft$363 / $360Sq Ft862 / 812DOM76 / 48New2Total20
Land
Avg/Median Price$600,000 / $600,000Range$600,000 – $600,000Price per Sq Ft—Sq Ft—DOM35 / 35New0Total1
Single Family
Avg/Median Price$1,106,200 / $849,900Range$499,900 – $2,500,000Price per Sq Ft$369 / $337Sq Ft2,943 / 2,726DOM49 / 7New4Total12
Sales by Bedroom Count
Studio
Avg:$185,000Median:$185,000Range:$185,000 – $185,000PSF:$385 / $385Sq Ft:481 / 481DOM:20 / 20New:0Total:1
1 Beds
Avg:$243,986Median:$239,000Range:$195,000 – $330,000PSF:$368 / $360Sq Ft:668 / 669DOM:86 / 106New:1Total:7
2 Beds
Avg:$376,738Median:$325,000Range:$225,000 – $639,000PSF:$356 / $337Sq Ft:1,043 / 972DOM:70 / 48New:1Total:13
3 Beds
Avg:$667,500Median:$600,000Range:$600,000 – $735,000PSF:$255 / $220Sq Ft:2,633 / 2,540DOM:7 / 6New:0Total:2
4 Beds
Avg:$1,071,583Median:$890,000Range:$699,000 – $1,620,700PSF:$387 / $360Sq Ft:2,779 / 2,604DOM:84 / 6New:3Total:6
5 Beds
Avg:$1,670,000Median:$1,710,000Range:$800,000 – $2,500,000PSF:$418 / $420Sq Ft:3,965 / 3,076DOM:19 / 16New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $185,000 | $185,000 | $185,000 – $185,000 | $385 / $385 | 481 / 481 | 20 / 20 | 0 | 1 |
| 1 Beds | $243,986 | $239,000 | $195,000 – $330,000 | $368 / $360 | 668 / 669 | 86 / 106 | 1 | 7 |
| 2 Beds | $376,738 | $325,000 | $225,000 – $639,000 | $356 / $337 | 1,043 / 972 | 70 / 48 | 1 | 13 |
| 3 Beds | $667,500 | $600,000 | $600,000 – $735,000 | $255 / $220 | 2,633 / 2,540 | 7 / 6 | 0 | 2 |
| 4 Beds | $1,071,583 | $890,000 | $699,000 – $1,620,700 | $387 / $360 | 2,779 / 2,604 | 84 / 6 | 3 | 6 |
| 5 Beds | $1,670,000 | $1,710,000 | $800,000 – $2,500,000 | $418 / $420 | 3,965 / 3,076 | 19 / 16 | 1 | 3 |
Rental Market Overview
Median Rent
$1,551
−1.9%
Median DOM
1
0.0%
New Listings
130
Inventory
272
−8.7%
- Average Rent: $1,711
- Median Rent: $1,551
- Rent Range: $745 – $7,091
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 713 / 628
- Square Footage Range: 265 – 2,771
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 359
- New Listings: 130
- Total Listings: 272
Rentals by Property Type
Apartment
$1,513
Median DOM: 1
Inventory: 252
MoM: −1.9%
Condo
$1,225
Median DOM: 1
Inventory: 3
MoM: −1.9%
Single Family
$2,995
Median DOM: 1
Inventory: 14
MoM: −1.9%
Townhouse
$3,400
Median DOM: 40
Inventory: 3
MoM: −1.9%
Apartment
Avg/Median Rent$1,638 / $1,513Range$750 – $7,091Rent per Sq Ft$3 / $3Sq Ft654 / 598DOM25 / 1New121Total252
Condo
Avg/Median Rent$1,357 / $1,225Range$1,195 – $1,650Rent per Sq Ft$2 / $2Sq Ft655 / 777DOM1 / 1New3Total3
Single Family
Avg/Median Rent$2,740 / $2,995Range$745 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,753 / 1,800DOM5 / 1New6Total14
Townhouse
Avg/Median Rent$3,398 / $3,400Range$2,300 – $4,495Rent per Sq Ft$2 / $2Sq Ft1,567 / 1,850DOM47 / 40New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,293Median:$1,225Range:$745 – $1,988PSF:$3 / $3Sq Ft:482 / 504DOM:31 / 1New:38Total:96
1 Beds
Avg:$1,634Median:$1,642Range:$1,150 – $2,410PSF:$3 / $3Sq Ft:654 / 651DOM:13 / 1New:63Total:114
2 Beds
Avg:$2,059Median:$1,950Range:$1,399 – $2,995PSF:$2 / $2Sq Ft:938 / 953DOM:21 / 1New:27Total:48
3 Beds
Avg:$3,828Median:$3,295Range:$2,000 – $7,091PSF:$2 / $2Sq Ft:1,785 / 1,700DOM:79 / 7New:1Total:8
4 Beds
Avg:$4,187Median:$3,495Range:$2,849 – $6,990PSF:$2 / $2Sq Ft:2,169 / 2,260DOM:72 / 85New:1Total:5
5 Beds
Avg:$4,495Median:$4,495Range:$4,495 – $4,495PSF:$2 / $2Sq Ft:2,000 / 2,000DOM:17 / 17New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,293 | $1,225 | $745 – $1,988 | $3 / $3 | 482 / 504 | 31 / 1 | 38 | 96 |
| 1 Beds | $1,634 | $1,642 | $1,150 – $2,410 | $3 / $3 | 654 / 651 | 13 / 1 | 63 | 114 |
| 2 Beds | $2,059 | $1,950 | $1,399 – $2,995 | $2 / $2 | 938 / 953 | 21 / 1 | 27 | 48 |
| 3 Beds | $3,828 | $3,295 | $2,000 – $7,091 | $2 / $2 | 1,785 / 1,700 | 79 / 7 | 1 | 8 |
| 4 Beds | $4,187 | $3,495 | $2,849 – $6,990 | $2 / $2 | 2,169 / 2,260 | 72 / 85 | 1 | 5 |
| 5 Beds | $4,495 | $4,495 | $4,495 – $4,495 | $2 / $2 | 2,000 / 2,000 | 17 / 17 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$545,000Median DOM:80New:7Total:48
Nov 2025
Median Price:$425,000Median DOM:80New:11Total:43
Dec 2025
Median Price:$375,000Median DOM:95New:1Total:34
Jan 2026
Median Price:$310,000Median DOM:66New:8Total:28
Feb 2026
Median Price:$330,000Median DOM:40New:8Total:30
Mar 2026
Median Price:$374,900Median DOM:33New:6Total:33
6-Month Rental Trend
Oct 2025
Median Rent:$1,395Median DOM:6New:48Total:118
Nov 2025
Median Rent:$1,395Median DOM:12New:41Total:112
Dec 2025
Median Rent:$1,569Median DOM:1New:165Total:231
Jan 2026
Median Rent:$1,589Median DOM:1New:169Total:260
Feb 2026
Median Rent:$1,581Median DOM:1New:173Total:298
Mar 2026
Median Rent:$1,551Median DOM:1New:130Total:272
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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