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Market Intelligence · OR / Klamath County

Klamath Falls, OR home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$294K1-yr changeUp0.2%

The typical home value in Klamath Falls, OR is $294K as of September 2026, up 0.2% from a year ago, based on the Zillow Home Value Index. In the typical Klamath Falls ZIP code, the median list price is $392K and homes spend a median of 72 days on market as of September 2026 (Realtor.com).

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The coverage

Klamath Falls, by the numbers.

Typical home valueZillow ZHVI, September 2026
$294K
1-yr changeMedian across Klamath Falls ZIPs
+0.2%
ZIP markets live3 tracked in Klamath Falls
2
County
Klamath County

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12-month value trend

+0.2% over 12 months

Typical home value in Klamath Falls over the last 12 months: $293K in Sep 2025 to $294K in Sep 2026 (+0.2%).

Sep 2025$293K

Sep 2026$294K

Median Zillow home value index across Klamath Falls's ZIP codes.

Context

Klamath Falls has 360 homes for sale as of September 2026, with a median list price of $392,200. The typical home value sits at $293,823, up 0.2% over the past year. Homes are spending a median of 72 days on market, and 18.5% of listings have seen a price cut. New listings added 62 homes to the market. The combination of steady inventory, moderate price cuts, and extended time on market suggests conditions favor buyers more than sellers right now.

The numbers

What is the housing market like in Klamath Falls, OR?

Typical home value

$294K

Up0.2%YoY

Median list price

$392K

Days on market

72

Homes for sale

360

Price cuts

18.5%

New listings

62

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Klamath Falls's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Klamath Falls, OR home prices over time

Typical home values in Klamath Falls, OR are up 0.2% over the past year, from $293K in September 2025 to $294K in September 2026.

Typical home value in Klamath Falls, OR, September of each year
MonthTypical value1-yr change
September 2026$293,823+0.2%
September 2025$293,334No prior year

Typical value is the median Zillow Home Value Index across Klamath Falls ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Klamath Falls, OR a buyer's or seller's market?

Klamath Falls, OR leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 72 days on market and 19% of listings with a price cut in the typical Klamath Falls ZIP code, and 62 new listings against 360 active listings across Klamath Falls, as of September 2026 (Realtor.com).

The outlook

Klamath Falls housing market forecast 2027

+0.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Klamath Falls ZIP codes, points to typical home values rising 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in Klamath Falls rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in Klamath Falls?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Klamath Falls shows typical home values rising 0.6% by September 2027, after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 Klamath Falls ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Klamath Falls?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 3 Klamath Falls ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Klamath Falls, OR home prices.

What is the typical home value in Klamath Falls?

As of September 2026, the typical home value in Klamath Falls is $293,823, up 0.2% over the past year.

How many homes are currently for sale in Klamath Falls?

There are 360 homes for sale in Klamath Falls as of September 2026, with a median list price of $392,200.

How long do homes typically stay on the market in Klamath Falls?

Homes spend a median of 72 days on market in Klamath Falls. About 18.5% of listings have received a price cut.

Are home prices going up or down in Klamath Falls, OR?

Typical home values in Klamath Falls, OR are up 0.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Klamath Falls, OR a buyer's or seller's market?

Klamath Falls, OR leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 72 days on market and 19% of listings with a price cut in the typical Klamath Falls ZIP code, and 62 new listings against 360 active listings across Klamath Falls, as of September 2026 (Realtor.com).

Nearby markets

More Oregon housing markets.

The market is moving

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