ZIP 97239 Housing Market Report
Portland Metro
Report period: March 2026
97239 Monthly Market Update – March 2026
ZIP 97239 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$625,000
+5.0%
Median DOM (Sales)
90
−15.9%
New Listings (Sales)
10
−28.6%
Median Rent
$1,810
+0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
421
−1.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (66 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($975,000 median)
Sales Market Overview
Median Price
$625,000
+5.0%
Median DOM
90
−15.9%
New Listings
10
−28.6%
Inventory
162
−0.6%
- Average Price: $741,407
- Median Price: $625,000
- Price Range: $150,000 – $3,985,000
- Price per Sq Ft (Avg/Median): $361 / $346
- Square Footage (Avg/Median): 2,222 / 1,919
- Square Footage Range: 539 – 9,695
- Days on Market (Avg/Median): 113 / 90
- Days on Market Range: 2 – 360
- New Listings: 10
- Total Listings: 162
Sales by Property Type
Condo
Avg/Median Price$599,373 / $449,900Range$180,000 – $3,985,000Price per Sq Ft$398 / $374Sq Ft1,394 / 1,232DOM112 / 96New5Total65
Land
Avg/Median Price$203,692 / $200,000Range$150,000 – $295,000Price per Sq Ft—Sq Ft—DOM191 / 216New0Total13
Multi-Family
Avg/Median Price$1,669,860 / $935,000Range$574,500 – $3,749,900Price per Sq Ft$315 / $260Sq Ft5,237 / 3,424DOM105 / 72New0Total5
Single Family
Avg/Median Price$942,374 / $850,000Range$250,000 – $2,685,000Price per Sq Ft$335 / $326Sq Ft2,869 / 2,855DOM102 / 66New5Total65
Townhouse
Avg/Median Price$635,507 / $580,000Range$445,900 – $1,299,995Price per Sq Ft$321 / $315Sq Ft1,983 / 1,905DOM126 / 88New0Total14
Sales by Bedroom Count
Studio
Avg:$255,975Median:$252,000Range:$249,900 – $270,000PSF:$391 / $393Sq Ft:655 / 631DOM:20 / 23New:0Total:4
1 Beds
Avg:$351,152Median:$305,000Range:$187,000 – $595,000PSF:$388 / $373Sq Ft:894 / 822DOM:100 / 88New:1Total:17
2 Beds
Avg:$676,099Median:$540,000Range:$180,000 – $2,200,000PSF:$390 / $373Sq Ft:1,725 / 1,586DOM:116 / 96New:4Total:52
3 Beds
Avg:$704,475Median:$649,900Range:$305,000 – $1,495,000PSF:$324 / $318Sq Ft:2,182 / 2,034DOM:91 / 73New:3Total:35
4 Beds
Avg:$1,141,291Median:$924,860Range:$550,000 – $3,985,000PSF:$348 / $326Sq Ft:3,197 / 3,069DOM:134 / 131New:1Total:31
5 Beds
Avg:$1,337,225Median:$975,000Range:$889,900 – $2,685,000PSF:$324 / $307Sq Ft:4,199 / 3,424DOM:88 / 49New:1Total:8
6 Beds
Avg:$2,287,450Median:$825,000Range:$825,000 – $3,749,900PSF:$280 / $173Sq Ft:7,238 / 4,781DOM:218 / 218New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $255,975 | $252,000 | $249,900 – $270,000 | $391 / $393 | 655 / 631 | 20 / 23 | 0 | 4 |
| 1 Beds | $351,152 | $305,000 | $187,000 – $595,000 | $388 / $373 | 894 / 822 | 100 / 88 | 1 | 17 |
| 2 Beds | $676,099 | $540,000 | $180,000 – $2,200,000 | $390 / $373 | 1,725 / 1,586 | 116 / 96 | 4 | 52 |
| 3 Beds | $704,475 | $649,900 | $305,000 – $1,495,000 | $324 / $318 | 2,182 / 2,034 | 91 / 73 | 3 | 35 |
| 4 Beds | $1,141,291 | $924,860 | $550,000 – $3,985,000 | $348 / $326 | 3,197 / 3,069 | 134 / 131 | 1 | 31 |
| 5 Beds | $1,337,225 | $975,000 | $889,900 – $2,685,000 | $324 / $307 | 4,199 / 3,424 | 88 / 49 | 1 | 8 |
| 6 Beds | $2,287,450 | $825,000 | $825,000 – $3,749,900 | $280 / $173 | 7,238 / 4,781 | 218 / 218 | 0 | 2 |
Rental Market Overview
Median Rent
$1,810
+0.8%
Median DOM
1
0.0%
New Listings
216
Inventory
421
−1.4%
- Average Rent: $2,024
- Median Rent: $1,810
- Rent Range: $925 – $7,045
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 843 / 700
- Square Footage Range: 290 – 4,650
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 359
- New Listings: 216
- Total Listings: 421
Rentals by Property Type
Apartment
$1,775
Median DOM: 1
Inventory: 362
MoM: +0.8%
Condo
$1,500
Median DOM: 1
Inventory: 19
MoM: +0.8%
Single Family
$2,745
Median DOM: 1
Inventory: 36
MoM: +0.8%
Townhouse
$1,949
Median DOM: 1
Inventory: 2
MoM: +0.8%
Apartment
Avg/Median Rent$1,925 / $1,775Range$925 – $7,045Rent per Sq Ft$3 / $3Sq Ft744 / 675DOM16 / 1New183Total362
Condo
Avg/Median Rent$1,864 / $1,500Range$1,250 – $4,500Rent per Sq Ft$2 / $2Sq Ft858 / 800DOM13 / 1New7Total19
Multi-Family
Avg/Median Rent$3,185 / $2,495Range$2,495 – $3,875Rent per Sq Ft$2 / $2Sq Ft1,814 / 1,350DOM1 / 1New2Total2
Single Family
Avg/Median Rent$2,988 / $2,745Range$1,100 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,731 / 1,550DOM3 / 1New24Total36
Townhouse
Avg/Median Rent$2,964 / $1,949Range$1,949 – $3,980Rent per Sq Ft$2 / $2Sq Ft1,498 / 904DOM1 / 1New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,340Median:$1,299Range:$925 – $2,125PSF:$3 / $3Sq Ft:484 / 480DOM:44 / 1New:17Total:57
1 Beds
Avg:$1,828Median:$1,770Range:$1,095 – $2,990PSF:$3 / $3Sq Ft:697 / 675DOM:6 / 1New:145Total:251
2 Beds
Avg:$2,553Median:$2,395Range:$1,275 – $7,045PSF:$2 / $2Sq Ft:1,095 / 1,021DOM:16 / 1New:43Total:91
3 Beds
Avg:$3,477Median:$3,195Range:$1,775 – $5,895PSF:$2 / $2Sq Ft:1,969 / 1,856DOM:43 / 1New:6Total:14
4 Beds
Avg:$4,420Median:$4,300Range:$3,599 – $5,750PSF:$1 / $1Sq Ft:3,090 / 3,016DOM:1 / 1New:3Total:6
5 Beds
Avg:$5,995Median:$5,995Range:$5,995 – $5,995PSF:$1 / $1Sq Ft:4,272 / 4,272DOM:1 / 1New:1Total:1
6 Beds
Avg:$3,599Median:$3,599Range:$3,599 – $3,599PSF:$2 / $2Sq Ft:2,400 / 2,400DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,340 | $1,299 | $925 – $2,125 | $3 / $3 | 484 / 480 | 44 / 1 | 17 | 57 |
| 1 Beds | $1,828 | $1,770 | $1,095 – $2,990 | $3 / $3 | 697 / 675 | 6 / 1 | 145 | 251 |
| 2 Beds | $2,553 | $2,395 | $1,275 – $7,045 | $2 / $2 | 1,095 / 1,021 | 16 / 1 | 43 | 91 |
| 3 Beds | $3,477 | $3,195 | $1,775 – $5,895 | $2 / $2 | 1,969 / 1,856 | 43 / 1 | 6 | 14 |
| 4 Beds | $4,420 | $4,300 | $3,599 – $5,750 | $1 / $1 | 3,090 / 3,016 | 1 / 1 | 3 | 6 |
| 5 Beds | $5,995 | $5,995 | $5,995 – $5,995 | $1 / $1 | 4,272 / 4,272 | 1 / 1 | 1 | 1 |
| 6 Beds | $3,599 | $3,599 | $3,599 – $3,599 | $2 / $2 | 2,400 / 2,400 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$638,900Median DOM:80New:28Total:217
Nov 2025
Median Price:$600,000Median DOM:89New:20Total:191
Dec 2025
Median Price:$599,000Median DOM:101New:15Total:176
Jan 2026
Median Price:$599,000Median DOM:103New:31Total:164
Feb 2026
Median Price:$595,000Median DOM:107New:14Total:163
Mar 2026
Median Price:$625,000Median DOM:90New:10Total:162
6-Month Rental Trend
Oct 2025
Median Rent:$1,499Median DOM:1New:57Total:130
Nov 2025
Median Rent:$1,500Median DOM:1New:60Total:143
Dec 2025
Median Rent:$1,850Median DOM:1New:260Total:335
Jan 2026
Median Rent:$1,800Median DOM:1New:299Total:398
Feb 2026
Median Rent:$1,795Median DOM:1New:280Total:427
Mar 2026
Median Rent:$1,810Median DOM:1New:216Total:421
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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