Is Prospect, OR 97536 a buyer’s or seller’s market?
Prospect is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Prospect housing market right now
In the three months ending August 31, 2026, 0% of homes in Prospect, OR 97536 sold above their list price, the typical home went under contract in 247 days and there were 22.4 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 more slowly (69 days then) and the median sale price rose 47% to $199,913. Overall, Prospect is less competitive than a year ago, which gives buyers more room.
Within Jackson County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Phoenix 97535 (38% sold over asking) and Gold Hill 97525 (33% sold over asking) are even more competitive.
Run the numbers for 97536
Nearby markets
Ashland 97520Balanced $315 /sq ftButte Falls 97522Buyer’s market $154 /sq ftCentral Point 97502Seller’s market $266 /sq ftEagle Point 97524Balanced $259 /sq ft Browse all markets →Towns like Prospect nearby
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Questions about Prospect real estate
Is Prospect a buyer’s or seller’s market?
A buyer’s market: there were 22.4 months of supply in Prospect, OR 97536 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 Prospect?
The typical home went under contract in 247 days in the latest three months.
Do homes in Prospect sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.0% of the list price.
What are property taxes in Prospect?
About 0.74% of a home’s value a year in Jackson County, or roughly $2,960 on a $400,000 home.
What is the median home price in Prospect?
The median sale price was $199,913 in the three months ending August 31, 2026, about $154 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology