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Lake Oswego Real Estate For Sale In OR

Lake Oswego

At first glance, Lake Oswego might look too good to be true. This picturesque waterfront city feels like a small town wholly removed from the world, yet it’s only a half-hour south of Portland, Oregon. Despite its proximity to Oregon’s largest city, Lake Oswego has stayed small and cozy, with a population of about 36,000. You could be forgiven for calling it a small town. That being said, Lake Oswego is home to the pinnacle of luxury properties in Oregon Real Estate. If you’re looking for a small, exclusive suburb with more trees per square mile than people, Lake Oswego is the place for you.

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$2,175,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

New Listing - 2 hours on Site

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$1,089,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

Open House - Sat, May 11

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$685,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

Open House - Sat, May 11

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$949,900

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

Open House - Sat, May 11

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$1,150,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

Open House - Sat, May 11

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$400,000

Active Listing

Single Family Home For Sale

16411 SW Lake Forest Blvd

Lake Oswego, OR 97035

Single Family Home For Sale

New Listing - 2 days on Site

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$1,200,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

New Listing - 2 days on Site

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$1,425,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

Open House - Sat, May 11

Lake Oswego, OR 97035

Land For Sale

New Listing - 4 days on Site

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$565,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

New Listing - 5 days on Site

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$950,000

Pending Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

New Listing - 5 days on Site

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$1,250,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

New Listing - 5 days on Site

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$5,875,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

Open House - Sat, May 11

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$8,200,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

New Listing - 6 days on Site

Lake Oswego, OR 97035

Condo For Sale

New Listing - 6 days on Site

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$750,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97034

Single Family Home For Sale

New Listing - 6 days on Site

Lake Oswego, OR 97035

Townhouse For Sale

New Listing - 6 days on Site

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$2,098,000

Active Listing

Single Family Home For Sale

Lake Oswego, OR 97035

Single Family Home For Sale

Open House - Sat, May 11

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More About Lake Oswego OR

Only eight miles south of Portland, Oswego real estate feels like it’s in a whole different world. From above, you’ll see suburban sprawl surrounding it on all sides, but Lake Oswego itself is heavily wooded and other than in the city center you won’t find many straight roads. To the south of the city, it’s mostly farmland. In this way, Lake Oswego feels like a rural town with urban amenities only a short drive away.

We should, of course, mention the “lake” in Lake Oswego. While there’s always been a lake in the area, the present body of water is regulated by dams which keep the water levels steady and allow select Oswego residents the opportunity to relax and float around from time to time.

The downtown itself is low-key, as you would expect with a city focused on breathing space and an emphasis on nature rather than infrastructure. Here you’ll find most of Lake Oswego’s shopping and grocery stores, and access to the “backroad” to Portland, OR.

Lake Oswego, OR Real Estate Market

Though you won’t be running up against Portland prices here, Lake Oswego real estate is known for its plethora of luxury homes, both on the lakeside and nestled up in the wooded hills. Many of these homes are so heavily forested on all sides with evergreen trees you’ll have trouble seeing your neighbors. Besides the high quality of these homes, much of the value of Lake Oswego real estate comes from access to privacy.

The median price for a single-family home in Lake Oswego, OR is $922,000. Though in recent years property values have climbed along with the national upsurge, home values in Lake Oswego are beginning to settle back to their pre-pandemic level. What prospective homebuyers looking to invest in Lake Oswego real estate should focus on is not the price, but the appreciation rate which was steady and stable before the pandemic and will most likely stay steady and stable for the years to come.

Lake Oswego is decidedly in a seller’s market, but homebuyers don’t have to scramble and bid like Las Vegas gamblers every time a house goes on the market. Homes for sale in Lake Oswego are typically listed for about 20-30 days depending on the time of year. This might be because Lake Oswego real estate is not a market of “starter homes” but “forever homes.”

Homebuyers looking at Lake Oswego aren’t rushing to buy just any house they can get their hands on to build equity. They’re looking to put their hard-earned money in a home that’s more than just an investment, but a testament to their success.

And what do those homes look like? Most homes for sale in Lake Oswego feature three-to-four bedrooms, two or even three door garages, and usually two storeys. Most homes in Lake Oswego are two stories, the vast majority of which were built between 1970 and 1990. To help you navigate the area and find the right home for you, we’ve picked out some of the top neighborhoods in Lake Oswego.

Lake Oswego OR Neighborhoods

Lake Grove

Lake Grove is the perfect middle ground for homebuyers looking for privacy while also being close to urban amenities. Lake Grove is a lot like Vancouver’s North Shore in that it's absolutely covered with beautiful evergreen trees, veined with small paved roads, and calming all year round. This area is great for families with young kids as it’s home to the largest elementary school in the city. Lake Grove residents are also close to Interstate 5, the most convenient route into Portland.

Mountain Park

In a state full of nature lovers, Mountain Park is perfect for homebuyers looking for a piece of Lake Oswego real estate that reflects their lifestyle. Up on top of this forested mountain you’ll have plenty of great views of the valley and might even Mt. Hood way out to the west if you stand atop Nansen Park on a clear day. This planned community is great for young families and retirees alike, and though you might feel isolated high above the world, you’re still close to the interstate which will take you into Portland in no time.

Blue Heron

If you want to live right on the water of Lake Oswego, look for a home for sale in Blue Heron. Though only a narrow strip of Blue Heron actually fronts Lake Oswego, two canals offer lake access to homes further inland. Homes here are among the largest you’ll find in Lake Oswego, nearly all two stories and several even feature third story lofts.

Distances to Nearby Cities

8 miles to Portland, OR
40 miles to Salem, OR
104 miles to Eugene, OR
181 miles to Seattle, WA

Schools in Lake Oswego

The Lake Oswego School District is among the most sought-after school districts in Oregon. Many parents move into the area just so their kids can get a highly-prized education from any of the ten schools that serve here. These schools are:

High Schools

Lake Oswego High School
2501 Country Club Rd, Lake Oswego, OR 97034
Lakeridge High School
1235 Overlook Dr, Lake Oswego, OR 97034

Middle Schools

Lakeridge Junior High
4700 Jean Rd, Lake Oswego, OR 97035
Lake Oswego Junior High
2500 Country Club Rd, Lake Oswego, OR 97034

Elementary Schools

Forest Hills Elementary School
1133 Sw Andrews Rd, Lake Oswego, OR 97034
Hallinan Elementary School
16800 Hawthorne Dr, Lake Oswego, OR 97034
Lake Grove Elementary School
15777 Sw Boones Ferry Rd, Lake Oswego, OR 97035
Oak Creek Elementary School
55 Kingsgate, Lake Oswego, OR 97035
River Grove Elementary School
5850 Sw Mcewan Rd, Lake Oswego, OR 97035

FAQs About Lake Oswego OR Real Estate

What is the zip code for Lake Oswego, OR?

The two zip codes in Lake Oswego are 98034 and 97035.

Where is the nearest commercial airport in Lake Oswego, OR?

The nearest commercial airport in Lake Oswego, OR is the Portland International Airport, about 18 miles away.

How much is a home for sale in Lake Oswego, OR?

The median price for a single-family home for sale in Lake Oswego, OR is $922,000.

Things to do in Lake Oswego, OR

Lake Oswego Farmers Market- Everyone loves a farmer’s market, and every Saturday Lake Oswego residents flock to Millenium Plaza Park to buy up some of the best locally grown produce in Oregon. The Market occurs every Saturday, lasting until early afternoon, and is a great way to unwind on a Saturday morning with your community.
George Rogers Park- After hanging out at the farmer’s market, you should head over to George Rogers Park next door. Here you can kick a soccer ball around or play tennis, and get a look at some of the remnants of Lake Oswego’s historic iron industry.
See a play at the Lakewood Center for the Arts- You don’t have to travel into Portland just to see a good play, for Lake Oswego has its very own performing arts center. With year-round programming, you can make monthly visits to the theater to catch performances of plays such as Elf, Murder on the Orient Express, and Camelot.
Rogerson Clematis Garden- Though only an acre in area, the Rogerson Clematis Garden manages to pack in over two thousand species of this beautiful flower. If you’re looking for a peaceful place to go and relax on a lazy afternoon, drive over to the Palisades neighborhood and give this botanical garden a visit.
Willamette Shore Trolley- If you’re looking for some whimsical fun, taking the Willamette Shore Trolley up to Portland is a great way to spend a few hours enjoying some riverside scenery and hearing great stories about the history of the Portland area. This antique trolley follows an old rail line running right alongside the Willamette River and will give you a taste of what rail transport was like way back when.
Lake Theater & Café- Picture a movie theater but much, much classier. That is the Lake Theater & Cafe. A favorite local spot in Lake Oswego, at the Lake Theater & Café you can see the latest films while eating gourmet sandwiches right on the waterfront of Lake Oswego.

Jobs in Lake Oswego

For many Lake Oswego residents, the city is their home and Portland is their workplace. With the advent of the work-from-home lifestyle though, you can work a wider variety of jobs while living in Lake Oswego. The top employers in the city are the Lake Oswego School District, Micro Systems Engineering, and the City of Lake Oswego itself.

Transportation in Lake Oswego

Lake Oswego is primarily a driver’s city, with most people getting around the city by car and taking advantage of nearby Interstate-5 to commute to Portland. If you live on the water, you can take your boat east along the lake to get to downtown Lake Oswego for your groceries, and not many Oregoners can boast of that!

property types

Condos Homes New Construction Townhouses Upcoming Open Houses