ZIP 97233 Housing Market Report
Portland Metro
Report period: March 2026
97233 Monthly Market Update – March 2026
ZIP 97233 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$379,000
−0.3%
Median DOM (Sales)
35
−36.4%
New Listings (Sales)
8
−77.8%
Median Rent
$1,395
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
196
+5.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($675,000 median)
Sales Market Overview
Median Price
$379,000
−0.3%
Median DOM
35
−36.4%
New Listings
8
−77.8%
Inventory
123
+3.4%
- Average Price: $361,053
- Median Price: $379,000
- Price Range: $39,999 – $730,000
- Price per Sq Ft (Avg/Median): $294 / $262
- Square Footage (Avg/Median): 1,301 / 1,152
- Square Footage Range: 684 – 2,698
- Days on Market (Avg/Median): 90 / 35
- Days on Market Range: 1 – 343
- New Listings: 8
- Total Listings: 123
Sales by Property Type
Condo
Avg/Median Price$270,669 / $269,900Range$103,900 – $399,900Price per Sq Ft$251 / $237Sq Ft1,097 / 1,003DOM113 / 101New2Total31
Land
Avg/Median Price$259,793 / $249,900Range$100,000 – $499,900Price per Sq Ft—Sq Ft—DOM134 / 32New0Total7
Manufactured
Avg/Median Price$72,666 / $78,999Range$39,999 – $99,999Price per Sq Ft$86 / $82Sq Ft834 / 789DOM83 / 30New1Total6
Multi-Family
Avg/Median Price$548,330 / $475,000Range$439,990 – $730,000Price per Sq Ft$268 / $262Sq Ft2,051 / 2,181DOM95 / 36New0Total3
Single Family
Avg/Median Price$425,260 / $410,000Range$210,000 – $725,000Price per Sq Ft$331 / $340Sq Ft1,389 / 1,184DOM78 / 34New5Total74
Townhouse
Avg/Median Price$325,000 / $300,000Range$300,000 – $350,000Price per Sq Ft$224 / $215Sq Ft1,458 / 1,288DOM20 / 12New0Total2
Sales by Bedroom Count
1 Beds
Avg:$248,000Median:$190,000Range:$185,000 – $369,000PSF:$331 / $256Sq Ft:748 / 752DOM:168 / 147New:0Total:3
2 Beds
Avg:$276,550Median:$269,900Range:$39,999 – $650,000PSF:$284 / $251Sq Ft:970 / 960DOM:117 / 61New:2Total:38
3 Beds
Avg:$394,261Median:$399,800Range:$199,000 – $549,900PSF:$318 / $320Sq Ft:1,300 / 1,186DOM:71 / 30New:6Total:55
4 Beds
Avg:$459,982Median:$439,990Range:$330,000 – $725,000PSF:$233 / $235Sq Ft:1,985 / 2,038DOM:61 / 31New:0Total:14
5 Beds
Avg:$519,250Median:$449,000Range:$299,000 – $730,000PSF:$266 / $240Sq Ft:1,906 / 1,870DOM:38 / 17New:0Total:4
6 Beds
Avg:$462,000Median:$462,000Range:$462,000 – $462,000PSF:$185 / $185Sq Ft:2,494 / 2,494DOM:141 / 141New:0Total:1
7 Beds
Avg:$675,000Median:$675,000Range:$675,000 – $675,000PSF:$284 / $284Sq Ft:2,375 / 2,375DOM:97 / 97New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $248,000 | $190,000 | $185,000 – $369,000 | $331 / $256 | 748 / 752 | 168 / 147 | 0 | 3 |
| 2 Beds | $276,550 | $269,900 | $39,999 – $650,000 | $284 / $251 | 970 / 960 | 117 / 61 | 2 | 38 |
| 3 Beds | $394,261 | $399,800 | $199,000 – $549,900 | $318 / $320 | 1,300 / 1,186 | 71 / 30 | 6 | 55 |
| 4 Beds | $459,982 | $439,990 | $330,000 – $725,000 | $233 / $235 | 1,985 / 2,038 | 61 / 31 | 0 | 14 |
| 5 Beds | $519,250 | $449,000 | $299,000 – $730,000 | $266 / $240 | 1,906 / 1,870 | 38 / 17 | 0 | 4 |
| 6 Beds | $462,000 | $462,000 | $462,000 – $462,000 | $185 / $185 | 2,494 / 2,494 | 141 / 141 | 0 | 1 |
| 7 Beds | $675,000 | $675,000 | $675,000 – $675,000 | $284 / $284 | 2,375 / 2,375 | 97 / 97 | 0 | 1 |
Rental Market Overview
Median Rent
$1,395
0.0%
Median DOM
1
0.0%
New Listings
60
Inventory
196
+5.9%
- Average Rent: $1,495
- Median Rent: $1,395
- Rent Range: $725 – $3,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 872 / 850
- Square Footage Range: 355 – 2,300
- Days on Market (Avg/Median): 49 / 1
- Days on Market Range: 1 – 358
- New Listings: 60
- Total Listings: 196
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 157
MoM: 0.0%
Condo
$1,125
Median DOM: 1
Inventory: 12
MoM: 0.0%
Single Family
$2,250
Median DOM: 1
Inventory: 23
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,423 / $1,395Range$725 – $2,841Rent per Sq Ft$2 / $2Sq Ft824 / 850DOM62 / 1New43Total157
Condo
Avg/Median Rent$1,288 / $1,125Range$1,095 – $2,550Rent per Sq Ft$1 / $1Sq Ft863 / 850DOM3 / 1New5Total12
Multi-Family
Avg/Median Rent$1,469 / $1,450Range$1,295 – $1,565Rent per Sq Ft$2 / $2Sq Ft912 / 925DOM32 / 7New2Total4
Single Family
Avg/Median Rent$2,093 / $2,250Range$995 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,187 / 1,144DOM4 / 1New10Total23
Rentals by Bedroom Count
Studio
Avg:$1,212Median:$995Range:$725 – $2,550PSF:$2 / $2Sq Ft:496 / 447DOM:50 / 64New:1Total:7
1 Beds
Avg:$1,230Median:$1,200Range:$845 – $2,841PSF:$2 / $2Sq Ft:621 / 620DOM:46 / 1New:15Total:51
2 Beds
Avg:$1,470Median:$1,450Range:$1,100 – $2,450PSF:$2 / $2Sq Ft:894 / 900DOM:56 / 1New:33Total:106
3 Beds
Avg:$1,902Median:$1,850Range:$1,395 – $2,500PSF:$2 / $2Sq Ft:1,136 / 1,126DOM:33 / 1New:9Total:26
4 Beds
Avg:$2,747Median:$2,595Range:$2,499 – $3,295PSF:$2 / $2Sq Ft:1,709 / 1,501DOM:12 / 1New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,212 | $995 | $725 – $2,550 | $2 / $2 | 496 / 447 | 50 / 64 | 1 | 7 |
| 1 Beds | $1,230 | $1,200 | $845 – $2,841 | $2 / $2 | 621 / 620 | 46 / 1 | 15 | 51 |
| 2 Beds | $1,470 | $1,450 | $1,100 – $2,450 | $2 / $2 | 894 / 900 | 56 / 1 | 33 | 106 |
| 3 Beds | $1,902 | $1,850 | $1,395 – $2,500 | $2 / $2 | 1,136 / 1,126 | 33 / 1 | 9 | 26 |
| 4 Beds | $2,747 | $2,595 | $2,499 – $3,295 | $2 / $2 | 1,709 / 1,501 | 12 / 1 | 2 | 6 |
6-Month Sales Trend
Oct 2025
Median Price:$399,000Median DOM:56New:32Total:162
Nov 2025
Median Price:$398,000Median DOM:64New:18Total:149
Dec 2025
Median Price:$395,000Median DOM:89New:6Total:123
Jan 2026
Median Price:$380,000Median DOM:84New:22Total:114
Feb 2026
Median Price:$380,000Median DOM:55New:36Total:119
Mar 2026
Median Price:$379,000Median DOM:35New:8Total:123
6-Month Rental Trend
Oct 2025
Median Rent:$1,395Median DOM:31New:47Total:162
Nov 2025
Median Rent:$1,395Median DOM:25New:59Total:172
Dec 2025
Median Rent:$1,425Median DOM:18New:71Total:185
Jan 2026
Median Rent:$1,400Median DOM:1New:86Total:207
Feb 2026
Median Rent:$1,395Median DOM:1New:66Total:185
Mar 2026
Median Rent:$1,395Median DOM:1New:60Total:196
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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