Market Intelligence · OR / Lake Oswego

Lake Oswego, OR 97034 Housing Market

The typical home value in Lake Oswego's 97034 ZIP is $1,108,477, up 2.1% over the past year as of September 2026. The median list price is $1,539,250, and homes spend a median of 86 days on 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. 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 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

As of September 2026, there are 160 homes for sale in 97034, with 48 new listings coming on the market. The median list price of $1,539,250 sits well above the typical home value of $1,108,477, which is up 2.1% over the past year. Homes are taking a median of 86 days to sell, and 35.4% of listings have had a price cut. The gap between what sellers are asking and where values actually are, combined with slow sales and frequent cuts, suggests buyers have room to negotiate. A seller here should price conservatively and expect the process to take time.

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Down payment20% · $221,695

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Common questions

What people ask us.

How much is a home in 97034 worth?

The typical home value in 97034 is $1,108,477, up 2.1% over the past year as of September 2026. The median list price is $1,539,250.

How long does it take to sell a home in 97034?

Homes in 97034 spend a median of 86 days on market as of September 2026. About 35.4% of listings have taken a price cut, which suggests many sellers are adjusting expectations.

Discover

Nearby ZIP markets.

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