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Sarah Mitchell

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Compass Real Estate · Lake Oswego, OR

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Lake Oswego, OR(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Lake Oswego, OR Housing Market & Real Estate

Balanced market+15.7% YoY

Housing market overview · Updated monthly ·

$1.03Mmedian sale price

How is the Lake Oswego, OR housing market right now?

The median home sale price in Lake Oswego, OR is $1.03M, up 15.7% year-over-year. Homes sell in an average of 15 days with 249 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 Lake Oswego a buyer's or seller's market?

Balanced market3.4 months of supply15 avg. days on market

Lake Oswego, OR is currently a balanced market, based on 3.4 months of supply and homes selling in about 15 days. How we determine this →

Homes sold

74

Last 12 weeks

Days on market

15

Fast-moving

Active listings

249

3.4 months supply

Sale-to-list

99.2%

Below asking

What does the Lake Oswego housing market data show?

Current housing market statistics for Lake Oswego, OR
MetricValue
Median sale price$1.03M
Median list price$1.28M
Year-over-year price change+15.7%
Average days on market15 days
Active inventory249 listings
Months of supply3.4 months
Sale-to-list price ratio99.2%
Median price per sq ft$373/sq ft
Homes sold (latest month)74
New listings (latest month)99
Listings with a price cut40.2%
Market conditionBalanced market

Source: Redfin · Updated monthly

How much do homes cost in Lake Oswego by property type?

How the Lake Oswego, OR market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Lake Oswego, OR
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$1.17M$408/sq ft5813 days
Condo / Co-op$344,000$295/sq ft1121 days
Townhouse$754,520$451/sq ft424 days

Source: Redfin · Updated monthly

The Lake Oswego housing market is currently classified as a balanced market with a median sale price of $1.03M. Prices have risen 15.7% compared to last year, with homes spending an average of 15 days on market, indicating 3.4 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 6.4x provides context for how home values compare to local earning capacity.

Homes for sale in Lake Oswego

There are currently 249 homes listed for sale in Lake Oswego, Oregon. The median listing price is $1.3M. Featured listings range from $275,000 to $2,995,000.

3 bedroom condo for sale at 285 Cervantes Lake Oswego 97035 - $275,000
New Listing
22
$275,000

285 Cervantes

Lake Oswego, OR 97035

3 bd1 ba1,144 sqft$240/ft²
Condo

Casey Riley · Cascade Hasson Sotheby's International Realty

View photos & details
2 bedroom condo for sale at 47 Oswego Smt Lake Oswego 97035 - $349,000
New Listing
47
$349,000

47 Oswego Smt

Lake Oswego, OR 97035

2 bd2 ba1,167 sqft$299/ft²
Condo

Laura Johansen · Premiere Property Group, LLC

View photos & details
2 bedroom condo for sale at 5059 Foothills Dr Unit D112 Lake Oswego 97034 - $380,000
New Listing
47
$380,000

5059 Foothills Dr Unit D112

Lake Oswego, OR 97034

2 bd2 ba991 sqft$383/ft²
Condo

John Carswell · Bella Casa Real Estate Group

View photos & details
3 bedroom house for sale at 14300 Sherbrook Pl Lake Oswego 97035 - $670,000
New Listing
45
$670,000

14300 Sherbrook Pl

Lake Oswego, OR 97035

3 bd2 ba1,931 sqft$347/ft²
House

Michele Montoya · MORE Realty

View photos & details
4 bedroom house for sale at 4760 Dogwood Dr Lake Oswego 97035 - $995,000
New Listing
48
$995,000

4760 Dogwood Dr

Lake Oswego, OR 97035

4 bd2 ba2,288 sqft$435/ft²
House23,958 sqft lot

Valerie Curalli · MORE Realty

View photos & details
4 bedroom house for sale at 14863 Twin Fir Ct Lake Oswego 97035 - $999,999
New Listing
48
$999,999

14863 Twin Fir Ct

Lake Oswego, OR 97035

4 bd3 ba2,028 sqft$493/ft²
House18,295 sqft lot

Tim Jackson · Premiere Property Group, LLC

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2 bedroom house for sale at 1202 Spruce St Lake Oswego 97034 - $1,075,000
New Listing
32
$1,075,000

1202 Spruce St

Lake Oswego, OR 97034

2 bd2 ba1,778 sqft$605/ft²
House4,792 sqft lot

Randy Bylsma · Premiere Property Group, LLC

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4 bedroom house for sale at 2305 Stonehurst Ct Lake Oswego 97034 - $1,150,000
New Listing
47
$1,150,000

2305 Stonehurst Ct

Lake Oswego, OR 97034

4 bd2 ba3,570 sqft$322/ft²
House11,326 sqft lot

Ian De Kalb · Lark and Fir Realty LLC

View photos & details
4 bedroom house for sale at 905 Laurel St Lake Oswego 97034 - $1,380,000
New Listing
34
$1,380,000

905 Laurel St

Lake Oswego, OR 97034

4 bd3 ba2,925 sqft$472/ft²
House4,792 sqft lot

Allison Williams · Real Broker

View photos & details
4 bedroom house for sale at 17883 Tamara Ave Lake Oswego 97035 - $1,779,000
New Build
33
$1,779,000

17883 Tamara Ave

Lake Oswego, OR 97035

4 bd3 ba3,100 sqft$574/ft²
House8,276 sqft lot

Todd Knudsen · Berkshire Hathaway HomeServices NW Real Estate

View photos & details
5 bedroom house for sale at 13740 Fielding Rd Lake Oswego 97034 - $2,550,000
New Listing
39
$2,550,000

13740 Fielding Rd

Lake Oswego, OR 97034

5 bd4 ba4,471 sqft$570/ft²
House

Laura Cavanaugh · Harnish Company Realtors

View photos & details
3 bedroom house for sale at 3220 Southshore Blvd Lake Oswego 97034 - $2,995,000
New Listing
47
$2,995,000

3220 Southshore Blvd

Lake Oswego, OR 97034

3 bd3 ba3,462 sqft$865/ft²
House

Mary Jo Avery · Avery Bunick Properties

View photos & details

Looking to buy in Lake Oswego?

Get connected with a local real estate expert — free, no obligation.

Active listings

249

Homes on market

Median list price

$1.3M

Avg. days on market

15

Days until sale

New this week

99

Newly listed

Price drops:40.2%of listings
Sale-to-list:99.2%

Who lives in Lake Oswego?

Population

40,367

Median income

$140,441/yr

Median age

46.5 years

Owner-occupied

70.8%

College grads

75.1%

Avg commute

22.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Lake Oswego?

Zillow home value

$898,637

Zillow rent index

$2,258/mo

Price-to-rent ratio

33.2x

Price-to-income

6.4x

Source: Zillow Research

What is it like to live in Lake Oswego?

Lake Oswego is a community of approximately 40K residents with a median age of 46.5 years.The median household income is $140,441, which reflects a relatively affluent area with strong earning potential. 75.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Oswego offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Lake Oswego?

12 schools tracked · 6,789 students

The largest public schools serving Lake Oswego, 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.

Lake Oswego Senior High School

Grades 9-12 · 1,275 students

Public

Lakeridge High School

Grades 9-12 · 1,198 students

Public

Lake Oswego Middle School

Grades 6-8 · 832 students

Public

Lakeridge Middle School

Grades 6-8 · 827 students

Public

Westridge Elementary School

Grades K-5 · 461 students

Public

Lake Grove Elementary School

Grades K-5 · 435 students

Public

Oak Creek Elementary School

Grades K-5 · 406 students

Public

Forest Hills Elementary School

Grades K-5 · 399 students

Public

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 Lake Oswego, OR?

Want a head-to-head view? Compare Lake Oswego side-by-side with any other U.S. city using our market-comparison tool.

Which ZIP codes are in Lake Oswego?

Is Lake Oswego a good real estate investment market?

For investors evaluating Lake Oswego, the price-to-rent ratio of 33.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 15.7% 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 Lake Oswego's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Oswego's median home price.

Frequently asked questions

What is the average home price in Lake Oswego?

The median home sale price in Lake Oswego is $1.03M, up 15.7% from last year.

How long do homes stay on market in Lake Oswego?

Homes typically spend 15 days on market before going under contract.

What is the median income in Lake Oswego?

The median household income is $140,441 per year.

Is Lake Oswego a buyer's or seller's market?

With 3.4 months of supply, Lake Oswego is currently a balanced market.

How many homes are for sale in Lake Oswego?

There are currently 249 homes listed for sale in Lake Oswego, OR.

What is the Zillow home value estimate for Lake Oswego?

The Zillow Home Value Index (ZHVI) for Lake Oswego is $898,637, representing the typical home value in the area.

What is the median condo price in Lake Oswego?

The median condo/co-op sale price in Lake Oswego, OR is $344,000, compared to $1.17M for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Lake Oswego?

The median single-family home price in Lake Oswego, OR is $1.17M (about $408 per square foot).

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