Home ValuePros

Market Intelligence · OR / Klamath Falls

Klamath Falls, OR 97601 Housing Market

The typical home value in Klamath Falls 97601 is $276,474, up 1.0% over the past year. The median list price stands at $399,900, with homes staying on the market for a median of 75 days.

Updated August 2026Median value$273K

The median home value in Klamath Falls, OR 97601 is $273K as of August 2026, up 0.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97601 range

$251K to $295K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.5% over 12 months

Typical home value in 97601 over the last 12 months: $271K in Aug 2025 to $273K in Aug 2026 (+0.5%).

Aug 2025$271K

Aug 2026$273K

The numbers

What is the 97601 housing market like?

Typical home value

$273K

Up0.5%YoY

Median list price

$400K

Down6.3%MoM

Days on market

75

Up7.1%MoM

Homes for sale

213

Up1.4%MoM

Price cuts

20.1%

Up15.1%MoM

New listings

20

Down56.5%MoM

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

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The comparison

How do 97601 home prices compare?

  • 97601$272,797
  • Klamath Falls$298,530
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Klamath Falls: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

Klamath Falls has 213 homes for sale as of August 2026, with 20 new listings arriving recently. The median time on market of 75 days suggests a slower pace of sales activity. About 20.1% of listings have seen price cuts, which is notable given that typical home values rose 1.0% year-over-year. For sellers, this pattern indicates a market where buyer interest is measured and pricing strategy matters.

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20% · $54,559

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