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BONANZA, OR 97623

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The BONANZA, OR real estate market (97623) currently shows 15 active listings, with 3 pending sales. Homes are averaging 105 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

The median listing price has risen 7.6% year-over-year, from $250,000 to $268,875.

Whether you are buying or selling in BONANZA, 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: 2,705  ·  Density: 2.9/mi²  ·  Median household income: $63,750

Typical home value: $226,433  ·  Homeownership: 82.6%

Market Overview

Active Listings
15
⇧ 50% vs 10 last year
Pending
3
20% pending ratio
Median Price
$268,875
⇧ 7.6% vs $250,000 last year
Average Price
$368,708
⇧ 10.8% vs $332,656 last year
Days on Market
105
vs 105 days last year

Price Per Square Foot

Median $/sqft
$225
⇧ 27.1% vs $177/sqft last year
Median Home Size
1,445 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 10 last year
  • Days on market: 105 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $268,875 (+7.6% YoY)
  • Average: $368,708 (+10.8% 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 66.1 miles — 399 listings ($179,071,697 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97623Bonanza, OR 976230.0 mi16$6,274,880$285,000$392,180
97633Merrill, OR 9763317.5 mi6$2,324,400$339,000$387,400
97603Klamath Falls, OR 9760319.3 mi115$46,478,860$365,000$404,164
97621Beatty, OR 9762121.9 mi4$3,810,000$367,500$952,500
97634Midland, OR 9763425.8 mi1$375,000$375,000$375,000
96023Dorris, CA 9602339.3 mi14$2,671,872$198,500$190,848
97601Klamath Falls, OR 9760142.2 mi167$73,564,502$385,000$440,506
97630Lakeview, OR 9763047.4 mi32$10,014,272$240,000$312,946
97626Fort Klamath, OR 9762651.2 mi1$7,950,000$7,950,000$7,950,000
96108Davis Creek, CA 9610854.2 mi1$4,200,000$4,200,000$4,200,000
97640Summer Lake, OR 9764059.2 mi1$375,000$375,000$375,000
97522Butte Falls, OR 9752264.2 mi9$11,186,991$520,000$1,242,999
96101Alturas, CA 9610166.1 mi32$9,845,920$239,500$307,685

Frequently Asked Questions

How many homes are for sale in BONANZA, OR 97623?

As of February 2026, there are 15 active listings in BONANZA, OR (zip code 97623), compared to 10 the prior year.

What is the median home price in BONANZA, OR 97623?

The median listing price in BONANZA, OR 97623 is $268,875 as of February 2026, a 7.6% increase from $250,000 the prior year.

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

Homes in BONANZA, OR 97623 spend an average of 105 days on the market before going under contract, compared to 105 days the prior year.

Is it a seller's or buyer's market in BONANZA, OR 97623?

Based on current inventory and days-on-market data as of February 2026, BONANZA, OR 97623 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in BONANZA, OR 97623 save an estimated $5,378 compared to a typical 5% commission on the median listing price of $268,875. 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.