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Market Intelligence · OR / Lake Oswego

Lake Oswego, OR 97035 Housing Market

The typical home value in Lake Oswego, OR 97035 is $724,185, up 1.5% over the past year as of September 2026. The median list price is $799,900, and homes are taking a median of 72 days to go under contract.

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. 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 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

Typical home value in 97035 over the last 12 months: $713K in Sep 2025 to $724K in Sep 2026 (+1.5%).

Sep 2025$713K

Sep 2026$724K

The numbers

What is the 97035 housing market like?

Typical home value

$724K

Up1.5%YoY

Median list price

$800K

Flat0.0%MoM

Days on market

72

Up14.3%MoM

Homes for sale

155

Down1.9%MoM

Price cuts

32.3%

Down16.6%MoM

New listings

54

Up50.0%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

As of September 2026, there are 155 homes for sale in 97035, with 54 new listings coming on the market. The median list price is $799,900, above the typical home value of $724,185, which is up 1.5% over the past year. Homes are moving slowly, with a median of 72 days on market, and 32.3% of listings have taken a price cut. That mix of soft appreciation, slow pace, and frequent cuts points to a buyer-friendly market. Sellers should expect negotiation and price accordingly.

Monthly payment

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20% · $144,837

Common questions

What people ask us.

How much is a home in 97035 worth?

The typical home value in Lake Oswego, OR 97035 is $724,185 as of September 2026, up 1.5% over the past year. The median list price is $799,900.

How long does it take to sell a home in 97035?

Homes in 97035 are spending a median of 72 days on market as of September 2026. About 32.3% of listings have had a price cut.

How many homes are for sale in 97035?

There are 155 homes for sale in 97035 as of September 2026, with 54 new listings added.

Discover

Nearby ZIP markets.

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