Market Intelligence · OR / Lake Oswego

Lake Oswego, OR 97035 Housing Market

Lake Oswego, OR 97035 homes are valued at a typical price of $741,964, up 1.4% over the past year. The median list price stands at $799,900, with homes spending a median of 72 days on the market as of September 2026.

Updated September 2026Median value$724K

The median home value in Lake Oswego, OR 97035 is $724K as of September 2026, up 1.5% 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 97035 range

$666K to $782K

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

+1.5% over 12 months

Sep 2025$713K

Low $713KHigh $724K

Sep 2026$724K

The numbers

What is the 97035 housing market like?

As of September 2026

Typical home value

$724K

1.5%YoY

Median list price

$800K

0.0%MoM

Days on market

14.3%MoM

Homes for sale

155

1.9%MoM

Price cuts

32.3%

16.6%MoM

New listings

50.0%MoM

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

The outlook

97035 housing market forecast 2027

-0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97035 to stay roughly flat by September 2027 (down 0.4%).

Over the 12 months through September 2026, typical home values in 97035 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 97035?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97035 to stay roughly flat by September 2027 (down 0.4%), after a 1.5% 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 97035 home prices compare?

97035$724,185
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

The market in 97035 shows steady conditions with 155 homes for sale and 54 new listings as of September 2026. The median days on market of 72 suggests homes are moving at a moderate pace. A meaningful sign of market pressure appears in the price-cut data: 32.3% of listings have seen reductions. Despite the recent 1.4% appreciation, sellers should recognize that nearly a third of homes require price adjustments to find buyers, indicating patience and realistic pricing matter more than usual.

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Home price

Down payment20% · $144,837

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Common questions

What people ask us.

What is the typical home value in Lake Oswego, OR 97035?

The typical home value is $741,964, up 1.4% over the past year as of August 2026.

How long do homes typically stay on the market in 97035?

The median days on market is 72 days as of September 2026.

What percentage of listings have had price cuts?

As of September 2026, 32.3% of listings in 97035 have experienced a price cut.

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