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KLAMATH FALLS, OR 97603

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The KLAMATH FALLS, OR real estate market (97603) currently shows 119 active listings, with 34 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 87 days on market compared to 74 days last year.

The median listing price has fallen 2% year-over-year, from $377,500 to $370,000.

Whether you are buying or selling in KLAMATH FALLS, 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: 32,376  ·  Density: 36.7/mi²  ·  Median household income: $62,328

Typical home value: $229,944  ·  Homeownership: 66.5%

Market Overview

Active Listings
119
⇧ 7.2% vs 111 last year
Pending
34
29% pending ratio
Median Price
$370,000
⇩ 2% vs $377,500 last year
Average Price
$411,458
⇩ 9.7% vs $455,888 last year
Days on Market
87
⇧ 17.6% vs 74 days last year

Price Per Square Foot

Median $/sqft
$214
⇩ 4.5% vs $224/sqft last year
Median Home Size
1,768 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 119 this year vs 111 last year
  • Days on market: 87 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $370,000 (-2% YoY)
  • Average: $411,458 (-9.7% 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 58.9 miles — 555 listings ($356,742,652 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97603Klamath Falls, OR 976030.0 mi115$46,478,860$365,000$404,164
97633Merrill, OR 976339.4 mi6$2,324,400$339,000$387,400
97623Bonanza, OR 9762319.3 mi16$6,274,880$285,000$392,180
96023Dorris, CA 9602321.4 mi14$2,671,872$198,500$190,848
96134Tulelake, CA 9613424.4 mi8$2,198,664$250,000$274,833
96058Macdoel, CA 9605830.1 mi6$23,475,000$2,930,000$3,912,500
97622Bly, OR 9762238.5 mi5$1,203,900$189,900$240,780
97520Ashland, OR 9752043.8 mi117$112,637,772$690,000$962,716
97626Fort Klamath, OR 9762644.2 mi1$7,950,000$7,950,000$7,950,000
96044Hornbrook, CA 9604451.5 mi7$1,667,001$168,000$238,143
96094Weed, CA 9609455.9 mi44$19,613,396$365,000$445,759
97540Talent, OR 9754057.6 mi17$11,176,650$531,300$657,450
97504Medford, OR 9750458.9 mi199$119,070,257$502,900$598,343

Frequently Asked Questions

How many homes are for sale in KLAMATH FALLS, OR 97603?

As of February 2026, there are 119 active listings in KLAMATH FALLS, OR (zip code 97603), compared to 111 the prior year.

What is the median home price in KLAMATH FALLS, OR 97603?

The median listing price in KLAMATH FALLS, OR 97603 is $370,000 as of February 2026, a 2% decrease from $377,500 the prior year.

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

Homes in KLAMATH FALLS, OR 97603 spend an average of 87 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in KLAMATH FALLS, OR 97603?

Based on current inventory and days-on-market data as of February 2026, KLAMATH FALLS, OR 97603 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 87 days on market compared to 74 days last year.

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

With SELL123.com's maximum 3% commission, sellers in KLAMATH FALLS, OR 97603 save an estimated $7,400 compared to a typical 5% commission on the median listing price of $370,000. 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.