Is Garibaldi, OR 97118 a buyer’s or seller’s market?
Garibaldi is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Garibaldi housing market right now
In the three months ending August 31, 2026, 0% of homes in Garibaldi, OR 97118 sold above their list price, the typical home went under contract in 77 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (120 days then) and the median sale price fell 50% to $214,907. Overall, Garibaldi is less competitive than a year ago, which gives buyers more room.
Within Tillamook County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Beaver 97108 (100% sold over asking) and Manzanita 97130 (37% sold over asking) are even more competitive.
Run the numbers for 97118
Nearby markets
Bay City 97107Seller’s market $306 /sq ftBeaver 97108Buyer’s market $248 /sq ftCloverdale 97112Buyer’s market $415 /sq ftHebo 97122 — /sq ft Browse all markets →Where Garibaldi is
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Questions about Garibaldi real estate
Is Garibaldi a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Garibaldi, OR 97118 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Garibaldi?
The typical home went under contract in 77 days in the latest three months.
Do homes in Garibaldi sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.8% of the list price.
What are property taxes in Garibaldi?
About 0.60% of a home’s value a year in Tillamook County, or roughly $2,400 on a $400,000 home.
What is the median home price in Garibaldi?
The median sale price was $214,907 in the three months ending August 31, 2026, about $159 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology