by Corey Davis
Gearhart, OR 97138
Single-Family Homes
Gearhart, OR 97138
Fri May 09 2025
This week the median list price for Gearhart, OR 97138 is $775,000 with the market action index hovering around 26. This is an increase over last month's market action index of 22. Inventory has increased to 17.
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 begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $775,000 | |
| Median Price of New Listings | $749,000 | |
| Per Square Foot | $424 | |
| Average Days on Market | 115 | |
| Median Days on Market | 77 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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 |
|---|---|---|---|---|---|---|---|---|
| $2,849,500 | 4,501 | 0.25 - 0.5 acre | 4 | 4 | 29 | 0 | 0 | 10 |
| $1,047,000 | 2,237 | 0.25 - 0.5 acre | 4 | 2.3 | 8 | 1 | 0 | 56 |
| $694,000 | 1,807 | 0.25 - 0.5 acre | 3 | 2.3 | 30 | 1 | 0 | 217 |
| $495,000 | 1,620 | 0.25 - 0.5 acre | 4 | 2 | 71 | 1 | 0 | 224 |