Market Intelligence · OR / Lake Oswego

Lake Oswego, OR 97034 Housing Market

The typical home value in Lake Oswego, OR 97034 is $1,134,966, up 1.4% over the past year as of 2026-07-01. Sellers are listing at a median of $1,549,000, and homes are taking a median of 85 days to go under contract as of 2026-08-01.

Updated August 2026Median value$1131K

The median home value in Lake Oswego, OR 97034 is $1.13M as of August 2026, up 2.0% 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 97034 range

$1.04M to $1.22M

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

+2.0% over 12 months

Typical home value in 97034 over the last 12 months: $1.11M in Aug 2025 to $1.13M in Aug 2026 (+2.0%).

Aug 2025$1.11M

Aug 2026$1.13M

The numbers

What is the 97034 housing market like?

Typical home value

$1.13M

Up2.0%YoY

Median list price

$1.55M

Up1.7%MoM

Days on market

85

Up14.9%MoM

Homes for sale

166

Down5.1%MoM

Price cuts

33.2%

Down8.8%MoM

New listings

40

Up25.0%MoM

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

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The comparison

How do 97034 home prices compare?

  • 97034$1,131,428
  • Lake Oswego$936,696
  • 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 (Lake Oswego: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There were 166 homes for sale in Lake Oswego, OR 97034 as of 2026-08-01, with 40 new listings hitting the market. The median list price sits at $1,549,000, well above the typical home value of $1,134,966, which has risen 1.4% over the past year. Homes are moving slowly, with a median of 85 days on market, and 33.2% of listings have taken a price cut. That combination suggests buyers have room to negotiate. For a seller, realistic pricing from the start matters more than testing the top of the market.

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