by Corey Davis

Gearhart, OR 97138

Single-Family Homes


Gearhart, OR 97138

Wed Dec 04 2024
This week the median list price for Gearhart, OR 97138 is $874,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 13. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gearhart, OR 97138

Wed Dec 04 2024
This week the median list price for Gearhart, OR 97138 is $874,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 13. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gearhart market.
Median List Price $874,000
Median Price of New Listings $0
Per Square Foot $426
Average Days on Market 95
Median Days on Market 70
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 33
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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
$2,399,000 4,977 1 - 2.5 acres 4 3.5 23 0 1 35
$1,200,000 2,710 0.25 - 0.5 acre 4 2.5 34 0 0 70
$810,000 2,092 0.5 - 1 acre 3 2.5 11 0 1 63
$515,000 1,547 0.25 - 0.5 acre 3 1.8 78 0 0 101