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Featured local agent — Klamath Falls, OR
Sarah Mitchell
Compass Real Estate · Klamath Falls, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Klamath Falls, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$339,000median sale price
How is the Klamath Falls, OR housing market right now?
The median home sale price in Klamath Falls, OR is $339,000, up 7.6% year-over-year. Homes sell in an average of 72 days with 83 active listings. The market is currently a balanced market. (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 Klamath Falls a buyer's or seller's market?
Klamath Falls, OR is currently a balanced market, based on 3.6 months of supply and homes selling in about 72 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
72
Average pace
Active listings
83
3.6 months supply
Sale-to-list
97.0%
Below asking
What does the Klamath Falls housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $339,000 |
| Median list price | $312,500 |
| Year-over-year price change | +7.6% |
| Average days on market | 72 days |
| Active inventory | 83 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 32 |
| Listings with a price cut | 33.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Klamath Falls by property type?
How the Klamath Falls, 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 | $334,750 | $205/sq ft | 21 | 72 days |
| Condo / Co-op | $366,500 | $199/sq ft | 2 | 62 days |
Source: Redfin · Updated monthly
The Klamath Falls housing market is currently classified as a balanced market with a median sale price of $339,000. Prices have risen 7.6% compared to last year, with homes spending an average of 72 days on market, indicating 3.6 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 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in Klamath Falls
There are currently 83 homes listed for sale in Klamath Falls, Oregon. The median listing price is $313K.
Active listings
83
Homes on market
Median list price
$313K
Avg. days on market
72
Days until sale
New this week
32
Newly listed
Who lives in Klamath Falls?
Population
21,879
Median income
$47,268/yr
Median age
35.7 years
Owner-occupied
48.2%
College grads
22.3%
Avg commute
13.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Klamath Falls?
Zillow home value
$313,957
Zillow rent index
$1,257/mo
Price-to-rent ratio
20.8x
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Klamath Falls?
Klamath Falls is a community of approximately 22K residents with a median age of 35.7 years.The median household income is $47,268, which represents a working-class community with solid middle-income opportunities. 22.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 48.2%, showing a blend of owner and renter-occupied properties. The average commute time is 13.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Klamath Falls offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Klamath Falls?
19 schools tracked · 7,696 students
The largest public schools serving Klamath Falls, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Henley High School
Grades 9-12 · 697 students
Mazama High School
Grades 9-12 · 692 students
Klamath Union High School
Grades 9-12 · 660 students
Peterson Elementary School
Grades K-6 · 574 students
Ponderosa Middle School
Grades 6-8 · 557 students
Ferguson Elementary School
Grades K-6 · 511 students
Shasta Elementary School
Grades K-6 · 508 students
Henley Elementary School
Grades K-6 · 508 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Klamath Falls, OR?
Want a head-to-head view? Compare Klamath Falls side-by-side with any other U.S. city using our market-comparison tool.
Is Klamath Falls a good real estate investment market?
For investors evaluating Klamath Falls, the price-to-rent ratio of 20.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Klamath Falls's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Klamath Falls's median home price.
Frequently asked questions
What is the average home price in Klamath Falls?
The median home sale price in Klamath Falls is $339,000, up 7.6% from last year.
How long do homes stay on market in Klamath Falls?
Homes typically spend 72 days on market before going under contract.
What is the median income in Klamath Falls?
The median household income is $47,268 per year.
Is Klamath Falls a buyer's or seller's market?
With 3.6 months of supply, Klamath Falls is currently a balanced market.
What is the Zillow home value estimate for Klamath Falls?
The Zillow Home Value Index (ZHVI) for Klamath Falls is $313,957, representing the typical home value in the area.
What is the median condo price in Klamath Falls?
The median condo/co-op sale price in Klamath Falls, OR is $366,500, compared to $334,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Klamath Falls?
The median single-family home price in Klamath Falls, OR is $334,750 (about $205 per square foot).
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