4-week rolling average · Data through March 12, 2026 · ZIP 97209
The Pearl District market is showing a notable gap between the median list price of $398,800 and the median sale price of $989,000, suggesting a wide mix of property types and price points driving final sale values well above typical listing expectations. With 245 active for-sale listings and a median days on market of 58, the market sits at a balanced temperature with a temp position of 48, meaning neither buyers nor sellers hold a strong edge. The median price per square foot stands at $267.25, offering a concrete benchmark for evaluating individual property value.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $300K | $2K/mo |
| 2BR | $619K | $3K/mo |
| 3BR | $839K | $3K/mo |
| 4BR | $1000K | — |
| 5BR | $989K | — |
With a median sale price of $989,000 and a balanced market temperature, sellers in the Pearl District can expect reasonable demand but should price strategically given the 58-day median days on market. Homes priced competitively relative to the $267.25 median price per square foot will likely attract the most serious buyers in the current environment.
Buyers in the Pearl District have 245 active listings to choose from, and the balanced market conditions with 58 median days on market suggest there is time to evaluate options without extreme urgency. The sale price by bedroom ranges from $189,000 for studios to $999,900 for four-bedroom homes, giving buyers a clear framework for budgeting based on space needs.
With a median rent of $1,741 and 582 rental units in inventory, the Pearl District offers an active rental market worth evaluating for cash flow potential against a median sale price of $989,000. Rent by bedroom ranges from $1,300 for studios to $3,010 for three-bedroom units, and investors should closely analyze the bedroom mix to identify which unit types offer the strongest return relative to acquisition cost.
The current 30-year fixed mortgage rate of 6.00 percent and 15-year rate of 5.43 percent represent meaningful carrying costs on a $989,000 median sale price, with monthly principal and interest varying significantly depending on down payment size. Buyers considering the 15-year option at 5.43 percent can reduce total interest paid over the life of the loan, though the higher monthly payment should be weighed carefully against local rental alternatives.
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Market intelligence by FarmPosts