Lake Oswego

Why you'd want to live in Lake Oswego

Located in the northwestern corner of Clackamas County on the banks of the scenic Willamette River and hugging the shore of a 405-acre lake, Lake Oswego is nestled among many of Oregon’s greatest attractions: Mount Hood, the Oregon Coast, the Columbia Gorge and nearby vineyards, farmlands, and forests. Lake Oswego is also ideally situated close to Oregon’s major metropolitan areas – just eight miles south of downtown Portland and about 45 minutes north of the state capitol in Salem. Lake Oswego is considered one of the finest residential areas in Oregon. Unlike some communities its size, Lake Oswego offers full-service police and fire protection, a celebrated library, and parks system. It also provides planning and zoning regulation, building inspection and regulation, street maintenance and improvement, water, wastewater and surface water services. The schools in the city (Lake Oswego School District(link is external)) rate among the best in the state. There are also several colleges in or near Lake Oswego; Lewis & Clark College(link is external) and its affiliate Northwestern School of Law, and Portland Community College(link is external) (Sylvania campus). Although the city is primarily residential, there is some commercial development and light manufacturing. Most of the businesses are located downtown near the Willamette River on the City’s western boundary, or on the west end in the Lake Grove business district and neighborhood. Commercial properties on Kruse Way, near the interstate highway, offer some of the most sought after Class A office space in the region. There is a city-owned sports center on the Willamette River; two public swimming facilities on the privately managed Oswego Lake; an 18-hole golf course; indoor tennis center; and outdoor amphitheater right along the river. These amenities, managed by the City’s Parks and Recreation Department, help promote Lake Oswego as a place to live where you play. via https://www.ci.oswego.or.us/community/city-profile

Lake Oswego Market Report

$1,577,565

AVERAGE PRICE OF 264 HOMES

$2,337,161

AVERAGE PRICE OF 147 MULTI-MILLION DOLLAR HOMES

$2,714,250

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$2,226,950

AVERAGE PRICE OF 20 HOMES WITH A POOL

$1,735,154

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $1,577,565
Avg Bedrooms 3.16 beds
Avg Bathrooms 3.03 baths

Average Price by Bedrooms

1 bedroom $465,628
2 bedrooms $510,172
3 bedrooms $1,102,531
4 bedrooms $1,982,010
5 bedrooms $2,673,237
Lake Oswego Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 231 190 166 185 226
Average Price $1,667,939 $1,610,190 $1,647,810 $1,661,755 $1,620,568
Avg Price Change +3.59% -2.34% -0.85% +2.54% -0.17%
Median Price $1,261,417 $1,199,342 $1,240,000 $1,142,875 $1,064,010
Med Price Change +5.18% -3.39% +8.50% +7.41% -3.16%
Avg Bedrooms 3.21 beds 3.04 beds 3 beds 3.07 beds 3.14 beds
Avg Bathrooms 3.12 baths 2.93 baths 2.93 baths 3 baths 3.03 baths
Home Price by High School
School Name Total Homes Average Price
Lake Oswego 134 $1,876,399
Home Price by House Size
Total Homes Average Price
All Homes 264 $1,577,565
Multi-Million Dollar Homes 147 $2,337,161
Newly Built Homes 38 $2,714,250
Homes with a Pool 20 $2,226,950
Reduced Price Homes 24 $1,735,154

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