Is Westlake, OR 97493 a buyer’s or seller’s market?
Westlake is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Westlake housing market right now
In the three months ending August 31, 2026, 0% of homes in Westlake, OR 97493 sold above their list price, the typical home went under contract in 0 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (167 days then) and the median sale price fell 77% to $224,903. Overall, Westlake is more competitive than a year ago, so tougher for buyers.
Within Lane County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Blachly 97412 (100% sold over asking) and Elmira 97437 (50% sold over asking) are even more competitive.
Run the numbers for 97493
Nearby markets
Blachly 97412 $268 /sq ftBlue River 97413Balanced $312 /sq ftCheshire 97419Seller’s market $255 /sq ftCottage Grove 97424Seller’s market $275 /sq ft Browse all markets →Where Westlake is
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Questions about Westlake real estate
Is Westlake a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Westlake, OR 97493 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Westlake?
The typical home went under contract in 0 days in the latest three months.
Do homes in Westlake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Westlake?
About 0.82% of a home’s value a year in Lane County, or roughly $3,280 on a $400,000 home.
What is the median home price in Westlake?
The median sale price was $224,903 in the three months ending August 31, 2026, about $230 per square foot.
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More tools for 97493
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology