Andrea Mace's Market Report

Gearhart, OR 97138

Single-Family Homes



Gearhart, OR 97138

Mon May 19 2025
This week the median list price for Gearhart, OR 97138 is $945,000 with the market action index hovering around 30. This is an increase over last month's market action index of 27. Inventory has increased to 16. 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

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Gearhart, OR 97138

Mon May 19 2025
This week the median list price for Gearhart, OR 97138 is $945,000 with the market action index hovering around 30. This is an increase over last month's market action index of 27. Inventory has increased to 16. 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

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Gearhart market.
Median List Price $945,000
Median Price of New Listings $1,875,000
Per Square Foot $426
Average Days on Market 91
Median Days on Market 25
Price Decreased 19%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,399,500 5,206 0.25 - 0.5 acre 5 4 29 1 0 21
$1,364,000 3,111 0.25 - 0.5 acre 4 2.5 15 1 0 70
$762,000 1,973 0.25 - 0.5 acre 3 2.3 32 1 0 10
$437,499 1,506 0.25 - 0.5 acre 3 1.8 62 0 1 234