Gearhart, OR Foreclosures
How much do homes sell for in Gearhart, OR?
The average home price is currently $853,634.
In Gearhart, OR, how many homes are available?
There are currently 2 active home listings available in Gearhart.
What’s the average rental cost in Gearhart, OR?
The average rental price in Gearhart is $1,536.
What is the most expensive home in Gearhart?
The most expensive home sold in Gearhart had a price of $9,633,230.
What is currently the cheapest priced home in Gearhart, OR?
The cheapest home for sale in Gearhart is priced at $62,913.
Living in Gearhart, OR
Gearhart is a charming coastal town in Oregon known for its serene beaches and relaxed atmosphere. With beautiful scenery, outdoor activities, and a close-knit community, it's an ideal spot for both vacationers and permanent residents. The area offers a variety of amenities, making it a great place for families and retirees alike.
Current Market Conditions in Gearhart, OR
The real estate market in Gearhart has seen a steady demand, with a mix of seasonal interest and year-round residency contributing to the market's activity. Buyers are attracted to the coastal lifestyle, leading to stabilizing prices for homes. Recent trends indicate an increase in the interest in rental properties due to the area's popularity as a vacation destination, further driving market dynamics.
As of late 2023, the inventory has remained tight, leading to competitive offers, especially on well-located properties near the beach. It's noted that some homes, particularly those priced competitively, sell quickly, suggesting a robust market with potential for appreciation.
Home Value Estimator For Gearhart, OR
There are currently 1,710 real estate properties
in Gearhart, OR,
with a median automated valuation model (AVM) price
of $683,866.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gearhart, OR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Gearhart, OR,
is $853,634.00, with the most expensive house
in Gearhart, OR, topping out
at $9,633,230.00 and the cheapest home
in Gearhart, OR,
clocking in at $62,913.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gearhart, OR!
Rent Prices
In Gearhart, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gearhart, OR, is on
a rollercoaster ride. The
average rent price in Gearhart, OR,
is $1,536.00. Indeed, when looking to rent in
Gearhart, OR, you can expect to pay as little
as $760.00 or as much
as $3,820.00,
with the average rent median estimated to
be $1,480.00. The good news is that finding
an affordable and desirable property to rent in Gearhart, OR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
