Market Intelligence · OR / Hillsboro

Hillsboro, OR 97123 Housing Market

The typical home value in Hillsboro, OR 97123 is $514,942 as of September 2026, down 2.5% over the past year. The median list price is $564,200, and homes are spending a median of 91 days on market.

Updated September 2026Median value$515K

The median home value in Hillsboro, OR 97123 is $515K as of September 2026, down 2.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Get a cash offer

Sell without the wait

Sell your Hillsboro home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97123 range

$474K to $556K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97123 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Hillsboro, OR.

12-month value trend

-2.5% over 12 months

Typical home value in 97123 over the last 12 months: $528K in Sep 2025 to $515K in Sep 2026 (-2.5%).

Sep 2025$528K

Sep 2026$515K

The numbers

What is the 97123 housing market like?

Typical home value

$515K

Down2.5%YoY

Median list price

$564K

Down0.9%MoM

Days on market

91

Up24.7%MoM

Homes for sale

89

Down50.6%MoM

Price cuts

17.2%

Down39.8%MoM

New listings

22

Down50.0%MoM

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

The outlook

97123 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97123 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97123 fell 2.5%, per the Zillow Home Value Index.

Will home prices drop in 97123?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97123 to stay roughly flat by September 2027 (no change), after a 2.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 97123 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97123 home prices compare?

  • 97123$514,942
  • Hillsboro$521,474
  • Oregon$456,438
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Hillsboro: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

Hillsboro has 89 homes for sale with 22 new listings as of September 2026, suggesting steady supply. The median days on market of 91 indicates homes are taking longer to move than in a faster market. Price cuts are appearing on 17.2% of listings, which aligns with the recent decline in typical home values. The gap between median list price and typical home value suggests some listings are priced above what the market has been paying. Sellers should expect a slower pace and may need to price competitively to attract buyers.

Monthly payment

Estimate your monthly payment.

20% · $102,988

Common questions

What people ask us.

How much is a home in 97123 worth?

The typical home value in 97123 is $514,942 as of September 2026, down 2.5% over the past year.

How long are homes taking to sell in 97123?

Homes in 97123 spent a median of 91 days on market as of September 2026, with 89 homes for sale.

Are sellers cutting prices in 97123?

As of September 2026, 17.2% of listings in 97123 had a price cut, while 22 new listings came on the market.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.