Andrea Mace's Market Report
Gearhart, OR 97138
Single-Family Homes
Gearhart, OR 97138
Tue Jul 28 2026
This week the median list price for Gearhart, OR 97138 is $947,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has increased to 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer'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
| Median List Price | $947,000 | |
| Median Price of New Listings | $1,355,000 | |
| Per Square Foot | $409 | |
| Average Days on Market | 118 | |
| Median Days on Market | 56 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 30 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,282,500 | 3,473 | 1 - 2.5 acres | 4 | 3 | 23 | 1 | 0 | 203 |
| $1,065,000 | 2,475 | 0.5 - 1 acre | 3 | 2 | 24 | 1 | 1 | 91 |
| $847,000 | 2,202 | 0.25 - 0.5 acre | 4 | 2.5 | 14 | 0 | 1 | 49 |
| $649,000 | 1,716 | 0.5 - 1 acre | 3 | 2 | 82 | 0 | 0 | 42 |