Andrea Mace

Nehalem, OR 97131

Single-Family Homes



Nehalem, OR 97131

Mon Dec 23 2024
This week the median list price for Nehalem, OR 97131 is $667,500 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 16. 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

Mon Dec 23 2024
This week the median list price for Nehalem, OR 97131 is $667,500 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 16. 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 $667,500
Median Price of New Listings $764,250
Per Square Foot $376
Average Days on Market 115
Median Days on Market 112
Price Decreased 25%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 29
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$1,089,750 3,310 0.5 - 1 acre 4 3.3 14 1 2 91
$682,500 1,706 6,500 - 8,000 sqft 3 2.3 19 1 0 80
$607,000 2,042 2.5 - 5 acres 3 2 23 0 0 115
$427,000 1,247 4,500 - 6,500 sqft 2 2 24 0 0 140