Waldport, Oregon | Real Estate Market Report |
Home Prices & Inventory – May 9, 2026

Lincoln County, Oregon Coast  |  ZIP Code 97394  |  Single Family Homes & Condos

Waldport, Oregon – Real Estate
Market Overview

The Waldport, Oregon real estate market enters May 2026 with 70 active listings of single family homes and condominiums, a modest increase from the 68 active listings recorded in April 2026. After two consecutive months of significant inventory growth – from 54 listings in March to 68 in April – the pace has notably slowed, suggesting the market may be approaching a near-term equilibrium in available supply. Average asking prices edged up to $615,000 as of May 9, with price-per-square-foot at $338. In April 2026, 17 homes closed in Waldport at a median sold price of $444,000, according to RPR data, with sellers receiving an average of 96.76% of their asking price. Months supply of inventory stood at 6.33 in April – up 9.1% year-over-year – placing the market at the upper edge of what is generally considered a balanced range. Data sourced from RPR (Realtors Property Resource) for April 2026 closed sales and Advantage Real Estate active listing data current as of May 9, 2026.

Market at a Glance – May 2026

As of May 9, 2026, the Waldport real estate market shows 70 active single family homes and condominiums available for purchase, spanning a price range of $117,000 to $1,500,000. The average asking price is $615,000 with an average of $338 per square foot. The gain of just 2 listings from April marks a sharp deceleration from the prior month's pace, when inventory jumped by 14 listings in a single month. Whether this represents stabilization or a brief plateau will become clearer in the June data.

*The April 2026 median sold price of $444,000 reflects 17 MLS closings -- more than double the 8 closings recorded in March. The larger sample may better represent the current market mix, which has been weighted toward lower-to-mid price tier activity as shown in prior pending contract data.

Seventeen homes closed in Waldport during April 2026, generating a total sales volume of $7,708,500, according to RPR data. The median closed price was $444,000, and sellers received an average of 96.76% of their original list price. The sold price-per-square-foot was $335. April's 17 closings represent the most active sales month in this data series so far, and the larger transaction count produces a more statistically grounded median than the 8-sale figure from March. The April median of $444,000 is consistent with where contract activity has been concentrating – the lower-to-mid price tier – rather than indicating a broad decline in asking prices.

"Median Days in RPR" is calculated differently from MLS days on market and is not directly comparable to MLS-reported figures from prior months. RPR's measurement begins when a property first appears in RPR's database, which may predate the MLS list date. Both metrics indicate time-on-market, but they are not equivalent measures. Additionally, RPR public records data for April 2026 shows 5 additional transactions at a median of $328,500, suggesting some off-market activity in the Waldport area.

In April 2026, 26 new listings entered the Waldport market at a median price of $590,000, representing approximately $15.2 million in new inventory. The median living area for newly listed homes was 1,722 square feet at $333 per square foot. Simultaneously, 10 new contracts were written on existing listings, with a median pending price of $449,450 and a median size of 1,424 square feet at $359 per square foot. The total pending pool stood at 14 properties, with a median pending price also at $449,450. New listings outpacing new contracts by nearly 3-to-1 in April is consistent with the continued modest inventory growth visible in the active listing count.

Months supply of inventory in Waldport stood at 6.33 months in April 2026, up 13.4% from the previous month and 9.1% year-over-year. At 6.33 months, the market has moved past the upper edge of what is generally considered a balanced range (4 to 6 months) and into territory that gives buyers more negotiating room. That said, sellers are still achieving close to asking price – the 96.76% list-to-sale ratio in April indicates demand has not evaporated. The three-month active listing trajectory – 54 (March), 68 (April), 70 (May) – shows a clear slowing in the inventory build. Whether that slowing continues through summer will determine how much further the supply balance shifts.

RPR's median estimated property value for Waldport (ZIP 97394) stood at $543,610 as of April 2026 – down 0.1% from the prior month and down 6.6% over the trailing 12 months. RPR's estimated property value is a model-based figure derived from comparable sales, public records, and market trend data; it is distinct from active listing prices, which reflect what sellers are currently asking. The gap between the $543,610 estimated value and the $444,000 April median sold price reflects, in part, the concentration of buyer activity in Waldport's lower price tiers. This is a metric to watch over coming months as more closed sales data accumulates.

For buyers: Waldport's inventory has grown steadily over the past three months, giving buyers more choices than they had at the start of 2026. With months supply now at 6.33 and price-per-square-foot holding in the mid-$300s, buyers have reasonable room to be selective. Homes still tend to close near asking price, so aggressive lowball offers are unlikely to gain traction – but the days of zero-option urgency have passed for most price points. Buyers looking in the $400,000 to $450,000 range are in the most active segment of this market.

For sellers: The 96.76% list-to-sale ratio in April shows that well-priced properties are still moving. The gap between average active list prices ($615,000) and where buyer activity is actually concentrated ($449,000 median pending) suggests some current listings may be priced above where buyer demand currently sits. Sellers in the $450,000 to $600,000 range face a market in which buyers have alternatives and are not under pressure to move quickly. Pricing to the current market rather than to a peak-year expectation will determine time-on-market outcomes. Contact a licensed Oregon real estate agent for a pricing strategy specific to your property.

Waldport is a small coastal city in Lincoln County, Oregon, located at the mouth of the Alsea River where it meets the Pacific Ocean, approximately 14 miles south of Newport. The community is known for the historic Alsea Bay Bridge, direct beach access, tidal flats, and proximity to state parks and recreational trails along the Oregon coast. Waldport's real estate market primarily consists of single family homes and condominiums, with pricing influenced by waterfront proximity, ocean and bay views, lot size, and access to outdoor amenities.

As part of Lincoln County's broader housing market, Waldport tends to attract buyers seeking a quieter, more affordable alternative to larger Oregon coast communities while still offering the coastal lifestyle. With current active listing prices ranging from $117,000 to $1,500,000, the Waldport market accommodates a wide range of buyers from first-time purchasers and retirees to second-home and vacation-property investors.

For buyers and sellers tracking Oregon coast real estate trends, Waldport's housing data provides useful insight into conditions across Lincoln County. The market's relatively low transaction volume means that trends are best evaluated across multiple months rather than from a single period's figures. Agents serving the Waldport area recommend reviewing both active listing data and recent sales together when assessing current market conditions.

Data sources: RPR (Realtors Property Resource) market statistics for Waldport, OR (97394), April 2026; active listing data from Advantage Real Estate, May 9, 2026. Statistics reflect MLS-reported data and may not include all off-market or FSBO transactions. Figures are intended for general market awareness and informational purposes only. All statistics reflect current listing prices and recent sales data; this report does not represent an appraisal, market analysis, or prediction of future market conditions. Contact a licensed Oregon real estate professional for guidance specific to your situation.