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Why Live in Lake Oswego

Lake Oswego, OR, is an upscale city centered around an expansive lake, known for its luxurious lakefront properties and high median household income. The city boasts grand homes, chic shopping districts, and one of the best school systems in the state, with the Lake Oswego School District ranked No. 1 in Oregon. The district serves around 6,800 students across 11 schools and has the highest graduation rate in the state. Major employers include Micro Systems Engineering, Greenbrier, and several software companies, with many businesses concentrated in the Kruse Woods Corporate Park. Lake Oswego’s dining scene features standout establishments like Kyra’s Bake Shop and Bamboo Sushi, while the Lake Grove Village Center offers convenient shopping anchored by Zupan’s Market. Attractions include the Lake Oswego Festival of the Arts, held annually at George Rogers Park, and the Gallery Without Walls sculpture collection. Millennium Plaza Park hosts a farmers market every Saturday from mid-May through October. The city is surrounded by highways, making it easy to reach downtown Portland, about 9 miles away, and other nearby areas. Despite its rainy climate, Lake Oswego provides a close-knit community feel with cul-de-sacs full of children who all know each other.

Home Prices in Lake Oswego, OR

Home Price Trends

Median Sale Price
$933,100
Median Single Family Sale Price
$1,095,000
Median Townhouse Sale Price
$467,000
Median 2 Bedroom Sale Price
$405,138
Median 1 Bedroom Sale Price
$235,000
Average Price Per Sq Ft
$449
Number of Homes for Sale
282
Last 12 months Home Sales
680
Months of Supply
5.00
Median List Price
$1,050,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
4%
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