Klamath Falls, OR Home Values & Market Trends

Real estate market trends reflect that there have been 589 transactions over the past year in Klamath Falls. The median value for residential home transactions that occurred over the previous year is $310,660.78. The number of current listings in Klamath Falls is 240, and the percentage of properties for sale in the city is 240.00%. Klamath Falls, OR currently has 22 properties in foreclosure, 4 bank owned properties, 18 properties headed for auction, and 240 properties for sale.

Klamath Falls, OR Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
97601

$ 329,000

$ 193/sqft

97603

$ 355,000

$ 203/sqft

Housing Market Summary for Klamath Falls, OR

Apr 2023March 2024Change
Median Listing Price$312K$312K0.01%
Median Sold Price$296.8K$312K5.14%
Homes For Sale231229-0.87%
Homes Sold24030426.67%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Klamath Falls, OR

Klamath Falls home values range from $13,749 to $27,607,136. The median estimated value of a home in Klamath Falls is $310,660.78. The median list price of a home is 335,000, and the total count of properties in the city is 21,453.

Foreclosure
There are 2 zips within Klamath Falls, OR; within these zips, the median estimated home value for homes in foreclosure ranges from $929,083 in 97601 to the lowest value of $86,181 in 97601. Foreclosure homes account for 0.00% of properties in Klamath Falls, OR with 97603 containing 15 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Klamath Falls, OR with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Klamath Falls, OR; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Klamath Falls, OR ranges from the highest value of $271,750 in 97603 to the lowest value of $86,181 in 97601. Bank owned homes and properties account for 0.02% of properties in Klamath Falls, OR. There are 2 zips within Klamath Falls, OR; 97601 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    97603 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Klamath Falls, OR. Auction homes and other auction properties account for 0.08% of all properties in Klamath Falls, OR. There are 2 zips within Klamath Falls, OR; of those zips, the median estimated home value for homes going to auction ranges from $929,083 in 97603 to the lowest value of $165,155 in 97603.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.12% of residential properties in Klamath Falls, OR with 97601 containing 133 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Klamath Falls, OR; homes for sale in those zips, have a range of median values from $1,295,000 in 97601 to the lowest value of $30,930 in 97603.
    Sold Homes
    The median value for recently sold homes ranges from $1,303,176 in 97603 to the lowest price of $22,288 in 97603. There are 2 zips within Klamath Falls, OR. 97603 has 162 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.49% of properties in Klamath Falls, OR.

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      Guide for Klamath Falls, OR

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Market Reports
      Knoxville Real Estate Market Report, April 2024
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      Investment Financing
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      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      Knoxville Real Estate Market Report, April 2024
      Market Reports|posted 9 April 2024

      The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.

      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Market Reports|posted 9 April 2024

      Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?