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DALLAS, OR 97338

Real Estate Market Report  ·  Polk County
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The DALLAS, OR real estate market (97338) currently shows 115 active listings, with 31 pending sales. Homes are averaging 101 days on the market before going under contract.

Inventory has tightened compared to last year, with 28 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 101 days on market compared to 107 days last year.

The median listing price has fallen 11.6% year-over-year, from $531,450 to $470,000.

Whether you are buying or selling in DALLAS, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 23,201  ·  Density: 71.8/mi²  ·  Median household income: $75,417

Typical home value: $354,375  ·  Homeownership: 74.9%

Market Overview

Active Listings
115
⇩ 19.6% vs 143 last year
Pending
31
27% pending ratio
Median Price
$470,000
⇩ 11.6% vs $531,450 last year
Average Price
$583,058
⇩ 13.2% vs $671,786 last year
Days on Market
101
⇩ 5.6% vs 107 days last year

Price Per Square Foot

Median $/sqft
$308
⇧ 4.1% vs $296/sqft last year
Median Home Size
1,622 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 115 this year vs 143 last year
  • Days on market: 101 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $470,000 (-11.6% YoY)
  • Average: $583,058 (-13.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.1 miles — 776 listings ($492,004,543 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97338Dallas, OR 973380.0 mi117$69,197,895$475,555$591,435
97344Falls City, OR 973447.8 mi4$1,466,532$357,500$366,633
97378Sheridan, OR 9737810.9 mi33$23,070,663$519,000$699,111
97304Salem, OR 9730412.3 mi127$91,576,144$578,450$721,072
97302Salem, OR 9730213.5 mi159$100,713,462$544,950$633,418
97396Willamina, OR 9739615.4 mi16$8,001,120$394,000$500,070
97303Salem, OR 9730316.7 mi86$43,652,912$474,900$507,592
97347Grand Ronde, OR 9734718.5 mi2$798,000$399,000$399,000
97352Jefferson, OR 9735220.1 mi17$11,645,731$599,450$685,043
97330Corvallis, OR 9733020.8 mi81$63,027,963$675,000$778,123
97114Dayton, OR 9711421.5 mi10$8,413,630$634,500$841,363
97321Albany, OR 9732122.2 mi91$54,514,460$562,500$599,060
97127Lafayette, OR 9712724.1 mi33$15,926,031$478,828$482,607

Frequently Asked Questions

How many homes are for sale in DALLAS, OR 97338?

As of February 2026, there are 115 active listings in DALLAS, OR (zip code 97338), compared to 143 the prior year.

What is the median home price in DALLAS, OR 97338?

The median listing price in DALLAS, OR 97338 is $470,000 as of February 2026, a 11.6% decrease from $531,450 the prior year.

How long do homes stay on the market in DALLAS, OR?

Homes in DALLAS, OR 97338 spend an average of 101 days on the market before going under contract, compared to 107 days the prior year.

Is it a seller's or buyer's market in DALLAS, OR 97338?

Based on current inventory and days-on-market data as of February 2026, DALLAS, OR 97338 is currently a Seller's Market. Inventory has tightened compared to last year, with 28 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 101 days on market compared to 107 days last year.

How much can I save on real estate commission in DALLAS, OR?

With SELL123.com's maximum 3% commission, sellers in DALLAS, OR 97338 save an estimated $9,400 compared to a typical 5% commission on the median listing price of $470,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.