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KLAMATH FALLS, OR 97603

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The KLAMATH FALLS, OR real estate market (97603) currently shows 192 active listings, with 49 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 57 days on market compared to 71 days last year.

The median listing price has fallen 2.6% year-over-year, from $389,500 to $379,450.

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Market Context

Market Context

Population: 32,376  ·  Density: 36.7/mi²  ·  Median household income: $62,328

Typical home value: $229,944  ·  Homeownership: 66.5%

Market Overview

Active Listings
192
⇧ 6.7% vs 180 last year
Pending
49
26% pending ratio
Median Price
$379,450
⇩ 2.6% vs $389,500 last year
Average Price
$489,088
⇧ 11.2% vs $439,995 last year
Days on Market
57
⇩ 19.7% vs 71 days last year

Price Per Square Foot

Median $/sqft
$221
⇧ 1.4% vs $218/sqft last year
Median Home Size
1,756 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 192 this year vs 180 last year
  • Days on market: 57 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $379,450 (-2.6% YoY)
  • Average: $489,088 (+11.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 58.9 miles — 640 listings ($414,296,117 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97603Klamath Falls, OR 976030.0 mi119$48,963,502$370,000$411,458
97633Merrill, OR 976339.4 mi5$1,531,210$307,500$306,242
97623Bonanza, OR 9762319.3 mi15$5,530,620$268,875$368,708
96023Dorris, CA 9602321.4 mi14$2,769,088$198,000$197,792
96134Tulelake, CA 9613424.4 mi8$2,320,000$250,000$290,000
96058Macdoel, CA 9605830.1 mi6$28,026,000$4,200,000$4,671,000
97622Bly, OR 9762238.5 mi5$1,226,325$207,200$245,265
97520Ashland, OR 9752043.8 mi144$131,351,904$681,250$912,166
97626Fort Klamath, OR 9762644.2 mi2$8,335,000$4,167,500$4,167,500
96044Hornbrook, CA 9604451.5 mi9$1,751,787$165,000$194,643
96094Weed, CA 9609455.9 mi49$19,757,535$358,000$403,215
97540Talent, OR 9754057.6 mi21$12,946,731$494,000$616,511
97504Medford, OR 9750458.9 mi243$149,786,415$498,450$616,405

Frequently Asked Questions

How many homes are for sale in KLAMATH FALLS, OR 97603?

As of September 2026, there are 192 active listings in KLAMATH FALLS, OR (zip code 97603), compared to 180 the prior year.

What is the median home price in KLAMATH FALLS, OR 97603?

The median listing price in KLAMATH FALLS, OR 97603 is $379,450 as of September 2026, a 2.6% decrease from $389,500 the prior year.

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

Homes in KLAMATH FALLS, OR 97603 spend an average of 57 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in KLAMATH FALLS, OR 97603?

Based on current inventory and days-on-market data as of September 2026, KLAMATH FALLS, OR 97603 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 57 days on market compared to 71 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 97603 save an estimated $7,589 compared to a typical 5% commission on the median listing price of $379,450. 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.