Why Live in Westlake
Westlake, a suburban neighborhood in Lake Oswego, developed in the late 1980s and early ‘90s, is known for its walkability and strong sense of community. Winding streets lined with tall oak trees and meticulously maintained lawns lead to three and four-bedroom homes on 8,000 to 9,000-square-foot lots. These homes, featuring Colonial Revivals and modern traditional styles with Tudor-style adornments, often have attached, front-facing garages. Families are drawn to Westlake for its highly rated schools, including Oak Creek Elementary School, Lake Oswego Junior High School, and Lake Oswego High School, all of which have received top ratings. Westlake Park, within walking distance, offers facilities for soccer, tennis, baseball, and basketball, and hosts the Summer of Music concert series in August. Waluga Park provides additional recreational options with baseball fields, picnic areas, playgrounds, nature trails, and an enclosed dog park. Local dining options include Oswego Grill and Killer Burger, with grocery stores like Trader Joe’s, Fred Meyer, WinCo Foods, and Walmart within a 2-mile drive. The neighborhood is safer than the national average, offering a low crime risk. Convenient freeway access makes it easy to reach downtown Portland, located about 9 miles away, providing a quiet suburban escape with the benefits of city proximity.
Home Trends in Westlake, OR
On average, homes in Westlake, Lake Oswego sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in Westlake, Lake Oswego over the last 12 months is $820,000, up 62% from the median home sale price over the previous 12 months.
Median Sale Price
$820,000
Median Single Family Sale Price
$820,000
Average Price Per Sq Ft
$354
Number of Homes for Sale
1
Last 12 months Home Sales
9
Median List Price
$789,000
Median Change From 1st List Price
-4%
Median Home Sale Price YoY Change
62%
