One part of Oregon City is still moving fast despite 7.40% mortgage rates
Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. That is the number weighing on buyers across the country right now. Yet in one part of this market, homes are still moving fast and selling above list price.
ZIP 97214 is the fast-moving part
The Real Estate Data Aggregator counted 70 homes sold in ZIP 97214 in the three months ending August 31, 2026. The median sale price came in at $692,500. That is down 2.7% from the same months in 2025, a small dip worth knowing. But the speed and pricing strength tell a different story.
The Real Estate Data Aggregator found that 49.3% of homes in ZIP 97214 went under contract within two weeks of listing, for the three months ending August 31, 2026. That share is up 3.5 points from a year before. Nearly half of all listings did not sit long.
The Real Estate Data Aggregator also shows the average sale in 97214 reached 101.3% of list price in those same three months. That means sellers, on average, got more than they asked. The Real Estate Data Aggregator counted 38.6% of homes selling above list price, up 3.2 points from a year ago.
The Real Estate Data Aggregator puts the median days on market in 97214 at just 11 days. That is 6 days shorter than the same period in 2025. Supply is tight at 1.9 months. For buyers, that leaves little room to wait.
How the rest of the market compares
Not every ZIP code in this market moves at that pace. The Real Estate Data Aggregator shows the picture varies a lot by area.
| 97214 | 97239 | 97201 | |
|---|---|---|---|
| Median sale price | $692,500 | $637,500 | $439,000 |
| Median days on market | 11 | 53 | 69 |
| Sale to list price | 101.3% | 98.5% | 96.2% |
| Under contract in 2 weeks | 49.3% | 20.6% | 13.8% |
| Months of supply | 1.9 | 4.6 | 5.9 |
In ZIP 97239, the Real Estate Data Aggregator counted 68 homes sold with a median price of $637,500. Days on market there came in at 53, which is 9 days longer than a year before. Only 20.6% of homes went under contract within two weeks, down 10.4 points from a year ago. That is a slower pace than 97214.
In ZIP 97201, the Real Estate Data Aggregator counted 57 homes sold with a median price of $439,000, up 7.9% from a year before. Median days on market there was 69. Only 13.8% of homes went under contract within two weeks. Supply sat at 5.9 months. More time, more choices for buyers in that ZIP.
Rates are not helping, but they are not stopping 97214
Freddie Mac reported the 30-year fixed rate averaged 7.40% as of October 15, 2026. CNBC reported that Fannie Mae forecasts an average of 7.4% for the fourth quarter of 2026. Rates are not expected to drop much soon. CNBC also reported that total mortgage application volume dropped 2.7% last week.
Still, the Real Estate Data Aggregator data for 97214 shows buyers are moving. Clean offers and fast decisions matter most in that ZIP right now. Sellers there who price well are being rewarded.
- ZIP 97214 is the fastest-moving part of this market right now.
- Nearly half of homes there went under contract within two weeks.
- The average sale came in above asking price.
- ZIPs 97239 and 97201 are slower, with more supply and more days on market.
- Rates at 7.40% are real, but they have not slowed 97214 down.
One street can read very differently from the whole ZIP code. These numbers cover broad areas. Your block may be faster or slower than the ZIP suggests. Reach out and I can tell you what the numbers look like right where you are.
Your next step
(971) 678-5708Text me your address and I will send back how long homes like yours are taking to sell in Oregon City right now, and where your price sits against what actually closed. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 97201, 97204, 97214 and 97239, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026
- CNBC: Fannie Mae sharply raises mortgage rate forecast for 2027, Oct 14, 2026
- CNBC: Even more borrowers choose riskier mortgages, as higher interest rates crush affordability, Oct 14, 2026
- Freddie Mac: Mortgage Rates, read Oct 17, 2026
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