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KLAMATH FALLS, OR 97603

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The KLAMATH FALLS, OR real estate market (97603) currently shows 173 active listings, with 58 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 60 days last year.

The median listing price has risen 4.2% year-over-year, from $373,475 to $389,000.

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 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
173
⇧ 24.5% vs 139 last year
Pending
58
34% pending ratio
Median Price
$389,000
⇧ 4.2% vs $373,475 last year
Average Price
$452,883
⇧ 1% vs $448,544 last year
Days on Market
62
⇧ 3.3% vs 60 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 3.3% vs $215/sqft last year
Median Home Size
1,821 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 173 this year vs 139 last year
  • Days on market: 62 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $389,000 (+4.2% YoY)
  • Average: $452,883 (+1% 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 June 2026, there are 173 active listings in KLAMATH FALLS, OR (zip code 97603), compared to 139 the prior year.

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

The median listing price in KLAMATH FALLS, OR 97603 is $389,000 as of June 2026, a 4.2% increase from $373,475 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 62 days on the market before going under contract, compared to 60 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 June 2026, KLAMATH FALLS, OR 97603 is currently a Buyer's Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 60 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 $7,780 compared to a typical 5% commission on the median listing price of $389,000. 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.