by Corey Davis

Gearhart, OR 97138

Single-Family Homes


Gearhart, OR 97138

Sun Aug 31 2025
This week the median list price for Gearhart, OR 97138 is $1,124,500 with the market action index hovering around 29. This is less than last month's market action index of 32. Inventory has increased to 28. 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 Buyer's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gearhart, OR 97138

Sun Aug 31 2025
This week the median list price for Gearhart, OR 97138 is $1,124,500 with the market action index hovering around 29. This is less than last month's market action index of 32. Inventory has increased to 28. 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 Buyer's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gearhart market.
Median List Price $1,124,500
Median Price of New Listings $2,950,000
Per Square Foot $456
Average Days on Market 115
Median Days on Market 77
Price Decreased 54%
Price Increased 0%
Relisted 11%
Inventory 28
Median Rent
Market Action 29
Slight Buyer's Advantage

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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 4,644 1 - 2.5 acres 4 3.5 24 1 0 91
$1,700,000 3,482 0.25 - 0.5 acre 4 3.5 22 0 0 84
$849,000 2,092 0.25 - 0.5 acre 3 2.5 12 0 0 42
$599,000 1,620 0.25 - 0.5 acre 3 2 21 0 1 42