Gearhart, OR Foreclosures
How much do homes sell for in Gearhart, OR?
The average home price is currently $861,979.
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 $9,949,146.
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, Oregon, is a quaint coastal town that offers a relaxed beach lifestyle and a strong sense of community. With beautiful ocean views, abundant outdoor activities, and close proximity to larger towns, it's an ideal destination for families and retirees alike. Enjoy the tranquility of coastal living in this picturesque location.
Current Market Conditions in Gearhart, OR
The real estate market in Gearhart, OR, has seen a steady increase in interest over the past year, especially among buyers looking for second homes or vacation properties. The low inventory levels have led to competitive bidding on desirable listings, driving up home prices. Despite these challenges, the market remains buoyant as buyers are willing to invest in this charming community thanks to its scenic beauty and peaceful atmosphere.
Currently, there is a strong demand for single-family homes, particularly those close to the beach or with ocean views. The median home price in Gearhart has seen an increase, reflecting the overall popularity of coastal living in Oregon.
Home Value Estimator For Gearhart, OR
There are currently 1,821 real estate properties
in Gearhart, OR,
with a median automated valuation model (AVM) price
of $689,100.00. 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 $861,979.00, with the most expensive house
in Gearhart, OR, topping out
at $9,949,146.00 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
