by Corey Davis

Nehalem, OR 97131

Single-Family Homes


Nehalem, OR 97131

Thu Apr 24 2025
This week the median list price for Nehalem, OR 97131 is $649,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased 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 been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Nehalem, OR 97131

Thu Apr 24 2025
This week the median list price for Nehalem, OR 97131 is $649,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased 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 been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Nehalem market.
Median List Price $649,900
Median Price of New Listings $829,000
Per Square Foot $374
Average Days on Market 171
Median Days on Market 189
Price Decreased 53%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 29
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
$1,242,500 3,143 2.5 - 5 acres 3 2.8 14 1 0 119
$662,500 1,886 0.5 - 1 acre 3 2 33 0 0 210
$597,000 1,665 1 - 2.5 acres 3 2 10 0 0 175
$459,000 1,200 6,500 - 8,000 sqft 3 2 30 0 0 210