Home Sales Decline in Gearhart Real Estate Market

The Gearhart market slowed with a 28.6% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 5.1 monthly average with five homes sold. Within the same time frame, Seaside had 24 sales, the most of all cities in the area. Potential buyers should note that prices are coming down in Gearhart, and for this period the median sales price slid from $452,000 to $406,500. With decreasing sales and the availability of eight months of inventory, Gearhart is a definite buyer's market.

Make sure you take a look at these eye-catching homes in Gearhart that generated the most views from potential buyers:

$319K   $399K   $895K  

Get started right now by checking out Gearhart homes for sale or reviewing Gearhart real estate trends.

Demographic facts for Gearhart:

  • The median house value here is $333,000.
  • This area usually gets 187 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 7.5%.
  • For every teacher there are 16.3 students in this area. (15.3 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
More Realty Inc.
Snapped 2 homes in this area
Windermere Stellar
Snapped 1 home in this area

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