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DALLAS, OR 97338

Real Estate Market Report  ·  Polk County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
117
⇩ 14% vs 136 last year
Pending
30
26% pending ratio
Median Price
$475,555
⇩ 9.1% vs $523,225 last year
Average Price
$591,435
⇩ 10.4% vs $659,833 last year
Days on Market
92
⇩ 10.7% vs 103 days last year

Market Context

Population: 23,201  ·  Density: 71.8/mi²  ·  Median household income: $75,417

Typical home value: $354,375  ·  Homeownership: 74.9%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The DALLAS, OR real estate market (97338) currently shows 117 active listings, with 30 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 92 days on market compared to 103 days last year.

The median listing price has fallen 9.1% year-over-year, from $523,225 to $475,555.

Whether you are buying or selling in DALLAS, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 117 this year vs 136 last year
  • Days on market: 92 now vs 103 last year

Median & Average Pricing

Year over Year
  • Median: $475,555 (-9.1% YoY)
  • Average: $591,435 (-10.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.1 miles — 776 listings ($492,004,543 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97338Dallas, OR 973380.0 mi117$69,197,895$475,555$591,435
97344Falls City, OR 973447.8 mi4$1,466,532$357,500$366,633
97378Sheridan, OR 9737810.9 mi33$23,070,663$519,000$699,111
97304Salem, OR 9730412.3 mi127$91,576,144$578,450$721,072
97302Salem, OR 9730213.5 mi159$100,713,462$544,950$633,418
97396Willamina, OR 9739615.4 mi16$8,001,120$394,000$500,070
97303Salem, OR 9730316.7 mi86$43,652,912$474,900$507,592
97347Grand Ronde, OR 9734718.5 mi2$798,000$399,000$399,000
97352Jefferson, OR 9735220.1 mi17$11,645,731$599,450$685,043
97330Corvallis, OR 9733020.8 mi81$63,027,963$675,000$778,123
97114Dayton, OR 9711421.5 mi10$8,413,630$634,500$841,363
97321Albany, OR 9732122.2 mi91$54,514,460$562,500$599,060
97127Lafayette, OR 9712724.1 mi33$15,926,031$478,828$482,607

Frequently Asked Questions

How many homes are for sale in DALLAS, OR 97338?

As of January 2026, there are 117 active listings in DALLAS, OR (zip code 97338), compared to 136 the prior year.

What is the median home price in DALLAS, OR 97338?

The median listing price in DALLAS, OR 97338 is $475,555 as of January 2026, a 9.1% decrease from $523,225 the prior year.

How long do homes stay on the market in DALLAS, OR?

Homes in DALLAS, OR 97338 spend an average of 92 days on the market before going under contract, compared to 103 days the prior year.

Is it a seller's or buyer's market in DALLAS, OR 97338?

Based on current inventory and days-on-market data as of January 2026, DALLAS, OR 97338 is currently a Seller's Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 92 days on market compared to 103 days last year.

How much can I save on real estate commission in DALLAS, OR?

With SELL123.com's maximum 3% commission, sellers in DALLAS, OR 97338 save an estimated $9,511 compared to a typical 5% commission on the median listing price of $475,555. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.