Is Summer Lake, OR 97640 a buyer’s or seller’s market?
Summer Lake is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Summer Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Summer Lake, OR 97640 sold above their list price, the typical home went under contract in 11 days and there were 6.4 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.
Run the numbers for 97640
Nearby markets
Christmas Valley 97641Buyer’s market $115 /sq ftFort Rock 97735 — /sq ftLakeview 97630Buyer’s market $96 /sq ftPaisley 97636 — /sq ft Browse all markets →Where Summer Lake is
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Questions about Summer Lake real estate
Is Summer Lake a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Summer Lake, OR 97640 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 Summer Lake?
The typical home went under contract in 11 days in the latest three months.
Do homes in Summer Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Summer Lake?
About 0.71% of a home’s value a year in Lake County, or roughly $2,840 on a $400,000 home.
What is the median home price in Summer Lake?
The median sale price was $588,745 in the three months ending August 31, 2026, about $236 per square foot.
Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology