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NEHALEM, OR 97131

Real Estate Market Report  ·  Tillamook County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The NEHALEM, OR real estate market (97131) currently shows 13 active listings, with 3 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 79 days on market compared to 173 days last year.

The median listing price has fallen 26.1% year-over-year, from $639,450 to $472,750.

Whether you are buying or selling in NEHALEM, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
13
⇩ 35% vs 20 last year
Pending
3
23% pending ratio
Median Price
$472,750
⇩ 26.1% vs $639,450 last year
Average Price
$480,736
⇩ 32.8% vs $715,128 last year
Days on Market
79
⇩ 54.3% vs 173 days last year

Price Per Square Foot

Median $/sqft
$310
⇩ 4.9% vs $326/sqft last year
Median Home Size
1,611 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 20 last year
  • Days on market: 79 now vs 173 last year

Median & Average Pricing

Year over Year
  • Median: $472,750 (-26.1% YoY)
  • Average: $480,736 (-32.8% 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 March 2026, there are 13 active listings in NEHALEM, OR (zip code 97131), compared to 20 the prior year.

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

The median listing price in NEHALEM, OR 97131 is $472,750 as of March 2026, a 26.1% decrease from $639,450 the prior year.

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

Homes in NEHALEM, OR 97131 spend an average of 79 days on the market before going under contract, compared to 173 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 March 2026, NEHALEM, OR 97131 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 79 days on market compared to 173 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 $9,455 compared to a typical 5% commission on the median listing price of $472,750. 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.