Is now a good time to buy a home in Oregon?
The typical home value in Oregon is $498K as of Aug 2026 (Zillow Home Value Index), up 0.2% from a year earlier. Over five years prices have compounded at +1.2% a year and sit 4.1% below their peak. Prices are 12.0% below their 10-year trend line.
Oregon price trend & forecast
Cities in Oregon ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Bend | $733K | -0.2% | +0.6% | +0.3% | ACCUMULATE | 70/100 |
| Hermiston | $347K | +2.5% | +3.3% | +1.1% | ACCUMULATE | 67/100 |
| Redmond | $512K | -0.3% | +1.0% | -0.4% | ACCUMULATE | 65/100 |
| Coos Bay | $327K | -0.3% | +1.9% | +0.1% | ACCUMULATE | 65/100 |
| Lebanon | $394K | +0.4% | +2.8% | -0.3% | ACCUMULATE | 64/100 |
| Springfield | $418K | +1.1% | +2.0% | +0.1% | ACCUMULATE | 63/100 |
| Dallas | $479K | +1.4% | +2.8% | +0.1% | ACCUMULATE | 63/100 |
| Hood River | $718K | +2.8% | +2.4% | +0.7% | ACCUMULATE | 63/100 |
| Salem | $436K | +0.3% | +1.9% | -0.3% | ACCUMULATE | 62/100 |
| Keizer | $448K | +0.2% | +1.5% | -0.5% | ACCUMULATE | 62/100 |
| Sherwood | $626K | -1.1% | +1.3% | +0.1% | ACCUMULATE | 62/100 |
| Pendleton | $303K | +3.1% | +3.5% | +0.8% | ACCUMULATE | 62/100 |
| Eugene | $478K | +1.0% | +2.2% | +0.3% | ACCUMULATE | 61/100 |
| Tigard | $605K | -0.6% | +1.2% | +0.2% | ACCUMULATE | 61/100 |
| Albany | $435K | +0.1% | +2.9% | -0.5% | ACCUMULATE | 61/100 |
| West Linn | $782K | +2.2% | +2.6% | +1.3% | ACCUMULATE | 61/100 |
| Newberg | $527K | -0.9% | +1.2% | -0.0% | ACCUMULATE | 61/100 |
| Beaverton | $527K | -1.7% | +1.0% | -0.1% | WAIT | 60/100 |
| Hillsboro | $514K | -2.1% | +0.8% | -0.6% | WAIT | 60/100 |
| Corvallis | $562K | +0.5% | +3.4% | +0.6% | ACCUMULATE | 60/100 |
| Woodburn | $425K | +0.5% | +1.5% | -0.6% | WAIT | 60/100 |
| Tualatin | $635K | +0.1% | +1.2% | -0.1% | ACCUMULATE | 60/100 |
| Canby | $594K | +2.0% | +1.9% | +0.5% | ACCUMULATE | 60/100 |
| The Dalles | $393K | +1.8% | +2.5% | -0.4% | WAIT | 60/100 |
| Prineville | $430K | +0.6% | +1.7% | -0.8% | WAIT | 60/100 |
| McMinnville | $480K | -1.1% | +1.1% | -0.8% | WAIT | 59/100 |
| Happy Valley | $681K | -0.0% | +1.2% | +0.0% | ACCUMULATE | 59/100 |
| Wilsonville | $626K | -1.2% | +1.7% | -0.5% | ACCUMULATE | 59/100 |
| Troutdale | $486K | -1.1% | +1.0% | -0.2% | ACCUMULATE | 59/100 |
| Medford | $409K | +1.1% | +1.2% | +0.2% | ACCUMULATE | 58/100 |
| Grants Pass | $399K | -0.1% | +0.5% | -0.7% | WAIT | 58/100 |
| Roseburg | $364K | -0.3% | +2.6% | -0.7% | WAIT | 58/100 |
| Milwaukie | $521K | +1.4% | +1.1% | +0.8% | ACCUMULATE | 58/100 |
| Lake Oswego | $891K | +2.2% | +2.6% | +1.0% | ACCUMULATE | 58/100 |
| Central Point | $419K | +0.3% | +1.1% | -0.2% | ACCUMULATE | 58/100 |
| Forest Grove | $520K | -1.1% | +0.9% | -0.7% | WAIT | 58/100 |
| Sandy | $522K | +0.4% | +1.2% | -0.1% | ACCUMULATE | 58/100 |
| Gresham | $466K | -0.4% | +0.9% | -0.3% | WAIT | 57/100 |
| Klamath Falls | $306K | -0.4% | +3.9% | -1.4% | WAIT | 54/100 |
| Portland | $531K | +0.9% | -0.4% | +0.4% | WAIT | 52/100 |
| Ashland | $554K | +2.4% | +0.6% | +0.7% | ACCUMULATE | 52/100 |
Frequently asked questions
Is now a good time to buy a home in Oregon?
As of Aug 2026, our buy-timing signal for Oregon is ACCUMULATE — prices are near fair value with a modest expected change (-0.0% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Jan 2027. Buy-timing score: 60/100.
Will home prices in Oregon go down in 2027?
The model projects -0.0% over the next 12 months: about $498K by Aug 2027, with an 80% range of $488K–$508K (today $498K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Oregon?
The typical (mid-tier) home value in Oregon is $498K as of Aug 2026, +0.2% year over year.
What is the cheapest time of year to buy in Oregon?
Historically, prices in Oregon run lowest in January, about 1.6% below the annual average, and highest in July.
Which areas in Oregon have the best buy-timing right now?
Highest buy-timing scores: Bend (70/100, ACCUMULATE), Hermiston (67/100, ACCUMULATE) and Redmond (65/100, ACCUMULATE). Fastest-rising prices: Pendleton (+3.1%), Hood River (+2.8%) and Hermiston (+2.5%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.