Is Coos Bay, OR 97420 a buyer’s or seller’s market?

The Coos Bay housing market right now

In the three months ending August 31, 2026, 26% of homes in Coos Bay, OR 97420 sold above their list price, the typical home went under contract in 21 days and there were 4.9 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 82 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (32 days then) and the median sale price fell 1% to $322,610. Overall, Coos Bay is more competitive than a year ago, so tougher for buyers.

Within Coos County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 86%. On our competition score, Coos Bay ranks #89 of 170 OR ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Broadbent 97414 (0% sold over asking) or Bandon 97411 (0% sold over asking), while Powers 97466 (33% sold over asking) is even more competitive.