Is Crescent, OR 97733 a buyer’s or seller’s market?
Crescent is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Crescent housing market right now
In the three months ending August 31, 2026, 17% of homes in Crescent, OR 97733 sold above their list price, the typical home went under contract in 24 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (35 days then) and the median sale price rose 18% to $507,780. Overall, Crescent is about as competitive as it was a year ago.
Within Klamath County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 69%.
Nearby, buyers who want less competition could look at Gilchrist 97737 (0% sold over asking) or Chemult 97731 (0% sold over asking), while Sprague River 97639 (100% sold over asking) and Merrill 97633 (50% sold over asking) are even more competitive.
Run the numbers for 97733
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 Crescent is
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Questions about Crescent real estate
Is Crescent a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Crescent, OR 97733 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 Crescent?
The typical home went under contract in 24 days in the latest three months.
Do homes in Crescent sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Crescent?
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 Crescent?
The median sale price was $507,780 in the three months ending August 31, 2026, about $378 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