Market Intelligence · OR / Klamath Falls

Klamath Falls, OR 97601 Housing Market

Typical home value in Klamath Falls 97601 is $268,621, down 0.1% over the past year. The median list price stands at $404,950, with homes staying on market for a median of 86 days as of September 2026.

Updated September 2026Median value$269K

The median home value in Klamath Falls, OR 97601 is $269K as of September 2026, down 0.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97601 range

$247K to $290K

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

-0.1% over 12 months

Sep 2025$269K

Low $269KHigh $273K

Sep 2026$269K

The numbers

What is the 97601 housing market like?

As of September 2026

Typical home value

$269K

0.1%YoY

Median list price

$405K

1.3%MoM

Days on market

14.7%MoM

Homes for sale

214

0.5%MoM

Price cuts

15.1%

24.7%MoM

New listings

40.0%MoM

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

The outlook

97601 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97601 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 97601 fell 0.1%, per the Zillow Home Value Index.

Will home prices drop in 97601?

Zillow's forecast does not call for a drop: it expects typical home values in 97601 to rise 0.6% by September 2027, after a 0.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97601 home prices compare?

97601$268,621
Klamath Falls$293,823
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Klamath Falls: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

The 97601 market shows modest inventory with 214 homes for sale and only 28 new listings in September 2026. At 86 days median time on market, homes are moving at a measured pace. The gap between typical home value and median list price reflects a range of properties at different price points. With 15.1% of listings carrying a price cut, sellers are adjusting to buyer expectations. This is a market where pricing strategy and property condition matter significantly.

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Down payment20% · $53,724

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Common questions

What people ask us.

What is a typical home worth in 97601?

As of September 2026, the typical home value in Klamath Falls 97601 is $268,621, down 0.1% over the past year.

How long do homes stay on market in 97601?

The median days on market is 86 as of September 2026, indicating a moderate pace of sale.

Are sellers cutting prices in 97601?

Yes, 15.1% of listings in September 2026 have a price cut, suggesting some negotiation in the market.

Discover

Nearby ZIP markets.

Klamath Falls 97603 housing market

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