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NEHALEM, OR 97131

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The NEHALEM, OR real estate market (97131) currently shows 21 active listings, with 2 pending sales. Homes are averaging 125 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 125 days on market compared to 84 days last year.

The median listing price has fallen 9.4% year-over-year, from $606,738 to $549,900.

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Market Context

Market Context

Population: 2,587  ·  Density: 7.2/mi²  ·  Median household income: $66,038

Typical home value: $377,096  ·  Homeownership: 87.8%

Market Overview

Active Listings
21
⇩ 22.2% vs 27 last year
Pending
2
10% pending ratio
Median Price
$549,900
⇩ 9.4% vs $606,738 last year
Average Price
$566,447
⇩ 20.8% vs $715,567 last year
Days on Market
125
⇧ 48.8% vs 84 days last year

Price Per Square Foot

Median $/sqft
$336
⇩ 13.8% vs $390/sqft last year
Median Home Size
1,680 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 27 last year
  • Days on market: 125 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $549,900 (-9.4% YoY)
  • Average: $566,447 (-20.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 35.0 miles — 202 listings ($164,101,207 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97131Nehalem, OR 971310.0 mi13$6,566,703$496,500$505,131
97130Manzanita, OR 971305.9 mi20$22,075,960$914,988$1,103,798
97102Arch Cape, OR 971028.6 mi4$9,057,468$1,899,000$2,264,367
97118Garibaldi, OR 9711812.1 mi9$4,376,349$379,450$486,261
97138Seaside, OR 9713814.4 mi82$61,719,842$544,750$752,681
97134Oceanside, OR 9713419.4 mi21$18,521,580$604,950$881,980
97117Gales Creek, OR 9711725.0 mi1$1,025,000$1,025,000$1,025,000
97125Manning, OR 9712529.2 mi1$1,899,000$1,899,000$1,899,000
97109Buxton, OR 9710929.8 mi1$895,000$895,000$895,000
97108Beaver, OR 9710831.2 mi3$2,707,350$902,450$902,450
97112Cloverdale, OR 9711231.4 mi11$12,156,925$623,725$1,105,175
97119Gaston, OR 9711933.7 mi9$10,590,147$856,750$1,176,683
97016Clatskanie, OR 9701635.0 mi27$12,509,883$421,175$463,329

Frequently Asked Questions

How many homes are for sale in NEHALEM, OR 97131?

As of September 2026, there are 21 active listings in NEHALEM, OR (zip code 97131), compared to 27 the prior year.

What is the median home price in NEHALEM, OR 97131?

The median listing price in NEHALEM, OR 97131 is $549,900 as of September 2026, a 9.4% decrease from $606,738 the prior year.

How long do homes stay on the market in NEHALEM, OR?

Homes in NEHALEM, OR 97131 spend an average of 125 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in NEHALEM, OR 97131?

Based on current inventory and days-on-market data as of September 2026, NEHALEM, OR 97131 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 125 days on market compared to 84 days last year.

How much can I save on real estate commission in NEHALEM, OR?

With SELL123.com's maximum 3% commission, sellers in NEHALEM, OR 97131 save an estimated $10,998 compared to a typical 5% commission on the median listing price of $549,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.