Is Wheeler, OR 97147 a buyer’s or seller’s market?
Wheeler is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Wheeler housing market right now
In the three months ending August 31, 2026, 0% of homes in Wheeler, OR 97147 sold above their list price, the typical home went under contract in 107 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 33%, homes sold more slowly (17 days then) and the median sale price rose 17% to $541,502. Overall, Wheeler is less competitive than a year ago, which gives buyers more room.
Within Tillamook County, homes here sell more slowly, and 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 97147
Nearby markets
Bay City 97107Seller’s market $306 /sq ftBeaver 97108Buyer’s market $248 /sq ftCloverdale 97112Buyer’s market $415 /sq ftGaribaldi 97118Buyer’s market $159 /sq ft Browse all markets →Where Wheeler is
Loading map…
Questions about Wheeler real estate
Is Wheeler a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Wheeler, OR 97147 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 Wheeler?
The typical home went under contract in 107 days in the latest three months.
Do homes in Wheeler sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Wheeler?
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 Wheeler?
The median sale price was $541,502 in the three months ending August 31, 2026, about $401 per square foot.
Local agents
See all agents in 97147 →No sponsored agents in 97147 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 97147
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology