How much is a home in 97123 worth?

The typical home value in 97123 is $522,539, down 3.3% over the past year. The median list price is $569,444.

How long does it take to sell a home in 97123?

Homes in 97123 spend a median of 73 days on the market. There are currently 180 homes for sale, with 44 new listings.

Are sellers cutting prices in 97123?

Yes, 28.6% of listings in 97123 have had a price cut. That lines up with typical values falling 3.3% over the past year.

Market Intelligence · OR / Hillsboro

Hillsboro, OR 97123 Housing Market

The typical home value in Hillsboro, OR 97123 is $522,539, down 3.3% over the past year. Homes are listed at a median price of $569,444 and spend a median of 73 days on the market.

Updated August 2026Median value$517K

The median home value in Hillsboro, OR 97123 is $517K as of August 2026, down 2.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97123 range

$476K to $558K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.9% over 12 months

Aug 2025$532K

Low $517KHigh $532K

Aug 2026$517K

The numbers

What is the 97123 housing market like?

As of August 2026

Typical home value

$517K

2.9%YoY

Median list price

$569K

1.0%MoM

Days on market

19.7%MoM

Homes for sale

180

2.3%MoM

Price cuts

28.6%

23.1%MoM

New listings

24.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97123 home prices compare?

97123$517,079
Hillsboro$524,509
Oregon$458,140
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Hillsboro: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

Sellers in 97123 face a cooler market than a year ago. The typical home value sits at $522,539, down 3.3% over the past year, while the median list price is $569,444. There are 180 homes for sale, with 44 new listings added, so buyers have options. Homes take a median of 73 days to sell, and 28.6% of listings have taken a price cut. For a seller, the honest read is that pricing at the top of the range is likely to mean a longer wait and a possible reduction.

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