Market Intelligence · OR / Lake Oswego

Lake Oswego, OR 97034 Housing Market

Lake Oswego homes are valued at $1,131,428 on average, up 2.0% over the past year. The median list price stands at $1,539,250, with homes typically spending 86 days on the market.

Updated September 2026Median value$1108K

The median home value in Lake Oswego, OR 97034 is $1.11M as of September 2026, up 2.1% 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

$1.02M to $1.2M

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

+2.1% over 12 months

Sep 2025$1.09M

Low $1.09MHigh $1.11M

Sep 2026$1.11M

The numbers

What is the 97034 housing market like?

As of September 2026

Typical home value

$1.11M

2.1%YoY

Median list price

$1.54M

0.6%MoM

Days on market

1.2%MoM

Homes for sale

160

3.6%MoM

Price cuts

35.4%

6.7%MoM

New listings

20.0%MoM

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

The outlook

97034 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97034 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97034 rose 2.1%, per the Zillow Home Value Index.

Will home prices drop in 97034?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97034 to stay roughly flat by September 2027 (down 0.1%), after a 2.1% rise 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 97034 home prices compare?

97034$1,108,477
Lake Oswego$916,331
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 (Lake Oswego: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

Lake Oswego had 160 homes for sale in September 2026, with 48 new listings added that month. The median days on market of 86 suggests a moderate pace of sales activity. Over one third of listings, at 35.4%, carried a price cut. For a seller, this combination points to a market where pricing strategy matters more than it did a year ago.

Monthly payment

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Home price

Down payment20% · $221,695

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in Lake Oswego?

The typical home value in 97034 is $1,131,428, which grew 2.0% over the past year.

How many homes are for sale in Lake Oswego right now?

As of September 2026, there are 160 homes for sale in the area.

How long do homes stay on the market in 97034?

The median time on market is 86 days, reflecting a moderate sales pace.

Discover

Nearby ZIP markets.

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