Andrea Mace

Gearhart, OR 97138

Single-Family Homes


Gearhart, OR 97138

Mon Dec 23 2024
This week the median list price for Gearhart, OR 97138 is $874,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 13. Click here to stay informed with the Gearhart market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gearhart, OR 97138

Mon Dec 23 2024
This week the median list price for Gearhart, OR 97138 is $874,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 13. Click here to stay informed with the Gearhart market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gearhart market.
Median List Price $874,000
Median Price of New Listings $0
Per Square Foot $426
Average Days on Market 116
Median Days on Market 91
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,399,000 4,977 1 - 2.5 acres 4 3.5 23 0 0 56
$1,200,000 2,710 0.25 - 0.5 acre 4 2.5 34 0 1 91
$810,000 2,092 0.5 - 1 acre 3 2.5 11 0 0 84
$515,000 1,547 0.25 - 0.5 acre 3 1.8 78 0 0 122