Andrea Mace's Market Report

Gearhart, OR 97138

Single-Family Homes


Gearhart, OR 97138

Wed Apr 29 2026
This week the median list price for Gearhart, OR 97138 is $1,495,000 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has decreased to 11. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Gearhart, OR 97138

Wed Apr 29 2026
This week the median list price for Gearhart, OR 97138 is $1,495,000 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has decreased to 11. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Gearhart market.
Median List Price $1,495,000
Median Price of New Listings $1,495,000
Per Square Foot $600
Average Days on Market 264
Median Days on Market 245
Price Decreased 9%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 34
Slight Seller's Advantage

Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.

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
$2,950,000 3,348 1 - 2.5 acres 4 4 6 0 0 343
$1,650,000 2,680 0.25 - 0.5 acre 4 3 25 1 0 315
$1,039,000 2,050 0.25 - 0.5 acre 3 2 23 0 0 49
$784,975 1,588 1 - 2.5 acres 3 1.5 74 0 0 189