Is Depoe Bay, OR 97341 a buyer’s or seller’s market?

The Depoe Bay housing market right now

In the three months ending August 31, 2026, 8% of homes in Depoe Bay, OR 97341 sold above their list price, the typical home went under contract in 66 days and there were 7.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 26 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (92 days then) and the median sale price fell 5% to $562,756. Overall, Depoe Bay is more competitive than a year ago, so tougher for buyers.

Within Lincoln County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell more often over asking than in 58%. On our competition score, Depoe Bay ranks #164 of 170 OR ZIP codes with enough sales (score 13 out of 100).

Nearby, buyers who want less competition could look at Tidewater 97390 (0% sold over asking) or Gleneden Beach 97388 (0% sold over asking), while Blodgett 97326 (100% sold over asking) and Toledo 97391 (23% sold over asking) are even more competitive.