Is Dallas, OR 97338 a buyer’s or seller’s market?

The Dallas housing market right now

In the three months ending August 31, 2026, 15% of homes in Dallas, OR 97338 sold above their list price, the typical home went under contract in 60 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 67 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold faster (62 days then) and the median sale price rose 2% to $474,795. Overall, Dallas is less competitive than a year ago, which gives buyers more room.

Within Polk County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Dallas ranks #126 of 170 OR ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Rickreall 97371 (0% sold over asking), while Independence 97351 (30% sold over asking) and Monmouth 97361 (24% sold over asking) are even more competitive.