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KLAMATH FALLS, OR 97601

Real Estate Market Report  ·  Klamath County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
167
⇧ 19.3% vs 140 last year
Pending
40
24% pending ratio
Median Price
$385,000
⇩ 3.6% vs $399,450 last year
Average Price
$440,506
⇩ 7.9% vs $478,061 last year
Days on Market
127
⇧ 30.9% vs 97 days last year

Market Context

Population: 22,302  ·  Density: 14.9/mi²  ·  Median household income: $52,951

Typical home value: $243,831  ·  Homeownership: 59.2%

Market Analysis

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

The KLAMATH FALLS, OR real estate market (97601) currently shows 167 active listings, with 40 pending sales. Homes are averaging 127 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 127 days on market compared to 97 days last year.

The median listing price has fallen 3.6% year-over-year, from $399,450 to $385,000.

Whether you are buying or selling in KLAMATH FALLS, 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: 167 this year vs 140 last year
  • Days on market: 127 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $385,000 (-3.6% YoY)
  • Average: $440,506 (-7.9% 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 45.2 miles — 534 listings ($310,824,729 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97601Klamath Falls, OR 976010.0 mi167$73,564,502$385,000$440,506
97522Butte Falls, OR 9752222.1 mi9$11,186,991$520,000$1,242,999
97634Midland, OR 9763425.7 mi1$375,000$375,000$375,000
97639Sprague River, OR 9763929.0 mi4$1,545,332$250,000$386,333
97524Eagle Point, OR 9752430.4 mi102$82,246,782$558,250$806,341
97536Prospect, OR 9753632.4 mi9$3,824,226$425,000$424,914
97539Shady Cove, OR 9753938.3 mi13$8,882,432$575,000$683,264
97633Merrill, OR 9763338.6 mi6$2,324,400$339,000$387,400
97621Beatty, OR 9762140.0 mi4$3,810,000$367,500$952,500
97540Talent, OR 9754041.5 mi17$11,176,650$531,300$657,450
97501Medford, OR 9750143.7 mi149$74,942,679$395,000$502,971
97503White City, OR 9750344.8 mi46$35,278,734$354,000$766,929
96044Hornbrook, CA 9604445.2 mi7$1,667,001$168,000$238,143

Frequently Asked Questions

How many homes are for sale in KLAMATH FALLS, OR 97601?

As of January 2026, there are 167 active listings in KLAMATH FALLS, OR (zip code 97601), compared to 140 the prior year.

What is the median home price in KLAMATH FALLS, OR 97601?

The median listing price in KLAMATH FALLS, OR 97601 is $385,000 as of January 2026, a 3.6% decrease from $399,450 the prior year.

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

Homes in KLAMATH FALLS, OR 97601 spend an average of 127 days on the market before going under contract, compared to 97 days the prior year.

Is it a seller's or buyer's market in KLAMATH FALLS, OR 97601?

Based on current inventory and days-on-market data as of January 2026, KLAMATH FALLS, OR 97601 is currently a Buyer's Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 127 days on market compared to 97 days last year.

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

With SELL123.com's maximum 3% commission, sellers in KLAMATH FALLS, OR 97601 save an estimated $7,700 compared to a typical 5% commission on the median listing price of $385,000. 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.