by Corey Davis
Gearhart, OR 97138
Single-Family Homes
Gearhart, OR 97138
Thu May 15 2025
This week the median list price for Gearhart, OR 97138 is $835,000 with the market action index hovering around 30. This is an increase over last month's market action index of 25. Inventory has held steady at or around 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller'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 | $835,000 | |
| Median Price of New Listings | $895,000 | |
| Per Square Foot | $415 | |
| Average Days on Market | 117 | |
| Median Days on Market | 63 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,849,000 | 4,806 | 0.25 - 0.5 acre | 4 | 4 | 35 | 0 | 1 | 14 |
| $1,099,000 | 2,425 | 0.25 - 0.5 acre | 4 | 2.5 | 8 | 0 | 1 | 98 |
| $762,000 | 1,971 | 0.25 - 0.5 acre | 3 | 2.3 | 30 | 1 | 0 | 115 |
| $437,499 | 1,432 | 8,000 - 10,000 sqft | 3 | 1.3 | 72 | 0 | 2 | 245 |