by Corey Davis

Nehalem, OR 97131

Single-Family Homes


Nehalem, OR 97131

Thu Jun 26 2025
This week the median list price for Nehalem, OR 97131 is $629,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 19. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Nehalem, OR 97131

Thu Jun 26 2025
This week the median list price for Nehalem, OR 97131 is $629,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 19. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Nehalem market.
Median List Price $629,000
Median Price of New Listings $639,950
Per Square Foot $362
Average Days on Market 132
Median Days on Market 77
Price Decreased 26%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent
Market Action 28
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
$829,000 2,689 0.5 - 1 acre 3 2.5 23 1 0 7
$639,950 1,793 0.25 - 0.5 acre 3 2 32 2 0 238
$538,975 1,491 6,500 - 8,000 sqft 3 2 27 0 0 77
$357,500 1,394 0 - 4,500 sqft 3 2 30 0 0 199