Is Monmouth, OR 97361 a buyer’s or seller’s market?

The Monmouth housing market right now

In the three months ending August 31, 2026, 24% of homes in Monmouth, OR 97361 sold above their list price, the typical home went under contract in 66 days and there were 4 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 30 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold faster (85 days then) and the median sale price rose 20% to $519,775. Overall, Monmouth is more competitive than a year ago, so tougher for buyers.

Within Polk County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Monmouth ranks #101 of 170 OR ZIP codes with enough sales (score 43 out of 100).

Nearby, buyers who want less competition could look at Rickreall 97371 (0% sold over asking) or Dallas 97338 (15% sold over asking), while Independence 97351 (30% sold over asking) is even more competitive.