Andrea Mace's Market Report
Nehalem, OR 97131
Single-Family Homes
Nehalem, OR 97131
Fri Apr 03 2026
This week the median list price for Nehalem, OR 97131 is $475,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $475,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $314 | |
| Average Days on Market | 313 | |
| Median Days on Market | 308 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $640,000 | 1,814 | 6,500 - 8,000 sqft | 3 | 2 | 23 | 0 | 0 | 203 |
| $557,000 | 2,056 | 0.25 - 0.5 acre | 4 | 3.8 | 28 | 0 | 0 | 322 |
| $354,499 | 1,105 | 0 - 4,500 sqft | 2 | 1.8 | 40 | 0 | 0 | 210 |
| $267,450 | 1,200 | 10 - 20 acres | 2 | 1.5 | 57 | 0 | 0 | 430 |