by Corey Davis
Gearhart, OR 97138
Single-Family Homes
Gearhart, OR 97138
Tue Nov 04 2025
This week the median list price for Gearhart, OR 97138 is $1,075,000 with the market action index hovering around 28. This is an increase over last month's market action index of 26. Inventory has decreased to 23.
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 | $1,075,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $400 | |
| Average Days on Market | 150 | |
| Median Days on Market | 112 | |
| Price Decreased | 61% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,797,500 | 4,063 | 1 - 2.5 acres | 4 | 3.5 | 22 | 0 | 2 | 157 |
| $1,292,000 | 2,984 | 0.25 - 0.5 acre | 4 | 3.5 | 15 | 0 | 0 | 126 |
| $854,750 | 2,146 | 0.25 - 0.5 acre | 3 | 2.5 | 10 | 0 | 1 | 87 |
| $599,000 | 1,850 | 0.25 - 0.5 acre | 3 | 2 | 27 | 0 | 0 | 91 |