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Featured local agent — Gearhart, OR
Sarah Mitchell
Compass Real Estate · Gearhart, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gearhart, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$990,000median sale price
How is the Gearhart, OR housing market right now?
The median home sale price in Gearhart, OR is $990,000, up 84.2% year-over-year. Homes sell in an average of 276 days with 25 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gearhart a buyer's or seller's market?
Gearhart, OR is currently a leaning buyer's, based on 5.0 months of supply and homes selling in about 276 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
276
Average pace
Active listings
25
5.0 months supply
Sale-to-list
96.9%
Below asking
What does the Gearhart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $990,000 |
| Median list price | $625,000 |
| Year-over-year price change | +84.2% |
| Average days on market | 276 days |
| Active inventory | 25 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $436/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 14 |
| Listings with a price cut | 24.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Gearhart by property type?
How the Gearhart, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.07M | $436/sq ft | 3 | 276 days |
| Condo / Co-op | $388,500 | $462/sq ft | 2 | 147 days |
Source: Redfin · Updated monthly
The Gearhart housing market is currently classified as a leaning buyer's with a median sale price of $990,000. Prices have risen 84.2% compared to last year, with homes spending an average of 276 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.3x provides context for how home values compare to local earning capacity.
Homes for sale in Gearhart
There are currently 25 homes listed for sale in Gearhart, Oregon. The median listing price is $625K.
Active listings
25
Homes on market
Median list price
$625K
Avg. days on market
276
Days until sale
New this week
14
Newly listed
Who lives in Gearhart?
Population
1,959
Median income
$85,966/yr
Median age
47.5 years
Owner-occupied
80.9%
College grads
41.5%
Avg commute
14.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Gearhart?
Zillow home value
$624,538
Price-to-income
7.3x
Source: Zillow Research
What is it like to live in Gearhart?
Gearhart is a community of approximately 2K residents with a median age of 47.5 years.The median household income is $85,966, which reflects a relatively affluent area with strong earning potential. 41.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 14.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gearhart offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Gearhart, OR?
Want a head-to-head view? Compare Gearhart side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gearhart?
The median home sale price in Gearhart is $990,000, up 84.2% from last year.
How long do homes stay on market in Gearhart?
Homes typically spend 276 days on market before going under contract.
What is the median income in Gearhart?
The median household income is $85,966 per year.
Is Gearhart a buyer's or seller's market?
With 5.0 months of supply, Gearhart is currently a leaning buyer's.
What is the Zillow home value estimate for Gearhart?
The Zillow Home Value Index (ZHVI) for Gearhart is $624,538, representing the typical home value in the area.
What is the median condo price in Gearhart?
The median condo/co-op sale price in Gearhart, OR is $388,500, compared to $1.07M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gearhart?
The median single-family home price in Gearhart, OR is $1.07M (about $436 per square foot).
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