Is Sprague River, OR 97639 a buyer’s or seller’s market?
Sprague River is a seller’s market. With about 3.2 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Sprague River housing market right now
In the three months ending August 31, 2026, 100% of homes in Sprague River, OR 97639 sold above their list price, the typical home went under contract in 7 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 rose from 0%, homes sold faster (93 days then) and the median sale price rose 268% to $349,849. Overall, Sprague River is more competitive than a year ago, so tougher for buyers.
Within Klamath County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Gilchrist 97737 (0% sold over asking) or Chemult 97731 (0% sold over asking).
Run the numbers for 97639
Nearby markets
Beatty 97621Seller’s market $172 /sq ftBly 97622Buyer’s market $81 /sq ftBonanza 97623Buyer’s market $110 /sq ftChemult 97731Buyer’s market $462 /sq ft Browse all markets →Where Sprague River is
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Questions about Sprague River real estate
Is Sprague River a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Sprague River, OR 97639 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 Sprague River?
The typical home went under contract in 7 days in the latest three months.
Do homes in Sprague River sell over asking?
100% 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 Sprague River?
About 0.62% of a home’s value a year in Klamath County, or roughly $2,480 on a $400,000 home.
What is the median home price in Sprague River?
The median sale price was $349,849 in the three months ending August 31, 2026, about $236 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