Andrea Mace's Market Report
Gearhart, OR 97138
Single-Family Homes
Gearhart, OR 97138
Thu Oct 16 2025
This week the median list price for Gearhart, OR 97138 is $1,149,000 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has decreased to 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,149,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $436 | |
| Average Days on Market | 141 | |
| Median Days on Market | 119 | |
| Price Decreased | 57% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,000,000 | 4,678 | 1 - 2.5 acres | 4 | 4 | 21 | 0 | 0 | 143 |
| $1,691,000 | 3,640 | 0.5 - 1 acre | 4 | 3.8 | 21 | 0 | 1 | 140 |
| $962,000 | 2,372 | 0.25 - 0.5 acre | 4 | 2.8 | 3 | 0 | 1 | 87 |
| $634,000 | 1,920 | 0.5 - 1 acre | 3 | 2.5 | 13 | 0 | 0 | 91 |