by Corey Davis

Nehalem, OR 97131

Single-Family Homes



Nehalem, OR 97131

Mon Mar 10 2025
This week the median list price for Nehalem, OR 97131 is $629,000 with the market action index hovering around 27. This is an increase over last month's market action index of 23. Inventory has decreased to 17. Click here to stay informed with the Nehalem market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Nehalem, OR 97131

Mon Mar 10 2025
This week the median list price for Nehalem, OR 97131 is $629,000 with the market action index hovering around 27. This is an increase over last month's market action index of 23. Inventory has decreased to 17. Click here to stay informed with the Nehalem market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Nehalem market.
Median List Price $629,000
Median Price of New Listings $675,000
Per Square Foot $319
Average Days on Market 154
Median Days on Market 189
Price Decreased 29%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 27
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,040,000 3,344 0.25 - 0.5 acre 4 3.3 36 1 1 206
$675,000 1,846 8,000 - 10,000 sqft 3 2 25 1 0 133
$522,500 1,776 6,500 - 8,000 sqft 3 2 37 1 0 24
$448,000 1,348 6,500 - 8,000 sqft 3 2 30 0 0 189