Is Sublimity, OR 97385 a buyer’s or seller’s market?

The Sublimity housing market right now

In the three months ending August 31, 2026, 19% of homes in Sublimity, OR 97385 sold above their list price, the typical home went under contract in 63 days and there were 5.4 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (81 days then) and the median sale price rose 6% to $624,730. Overall, Sublimity is more competitive than a year ago, so tougher for buyers.

Within Marion County, homes here sell more slowly than in 68% of the county’s ZIP codes, and sell less often over asking than in 77%. On our competition score, Sublimity ranks #111 of 170 OR ZIP codes with enough sales (score 39 out of 100).

Nearby, buyers who want less competition could look at Gates 97346 (0% sold over asking) or Detroit 97342 (0% sold over asking), while Donald 97020 (100% sold over asking) and Hubbard 97032 (38% sold over asking) are even more competitive.