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Market Intelligence · OR / Hillsboro

Hillsboro, OR 97124 Housing Market

The typical home value in Hillsboro, OR 97124 is $528,005, down 1.9% over the past year as of September 2026. Homes are listing at a median of $542,000 and spending a median of 63 days on market.

Updated September 2026Median value$528K

The median home value in Hillsboro, OR 97124 is $528K as of September 2026, down 1.9% 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.

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Typical 97124 range

$486K to $570K

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

-1.9% over 12 months

Typical home value in 97124 over the last 12 months: $538K in Sep 2025 to $528K in Sep 2026 (-1.9%).

Sep 2025$538K

Sep 2026$528K

The numbers

What is the 97124 housing market like?

Typical home value

$528K

Down1.9%YoY

Median list price

$542K

Down1.5%MoM

Days on market

63

Up14.5%MoM

Homes for sale

108

Up1.9%MoM

Price cuts

35.4%

Down7.8%MoM

New listings

48

Up50.0%MoM

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

The outlook

97124 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97124 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97124 fell 1.9%, per the Zillow Home Value Index.

Will home prices drop in 97124?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97124 to stay roughly flat by September 2027 (down 0.1%), after a 1.9% 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.

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The comparison

How do 97124 home prices compare?

  • 97124$528,005
  • 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

The 97124 market has cooled over the past year, with the typical home value at $528,005, down 1.9%. As of September 2026 there were 108 homes for sale, including 48 new listings, so buyers have a reasonable amount to choose from. Homes are taking a median of 63 days to sell, which is enough time for buyers to negotiate. Price cuts are common: 35.4% of listings have reduced their asking price. For a seller, that means pricing right from the start matters more than it did in a hotter market.

Monthly payment

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20% · $105,601

Common questions

What people ask us.

How much is a home in 97124 worth?

The typical home value in 97124 is $528,005 as of September 2026, down 1.9% over the past year. The median list price is $542,000.

How long does it take to sell a home in 97124?

Homes in 97124 are spending a median of 63 days on market as of September 2026. With 108 homes for sale, buyers have options, so overpriced homes can sit.

Are sellers cutting prices in 97124?

Yes. As of September 2026, 35.4% of listings in 97124 have had a price cut.

Discover

Nearby ZIP markets.

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Guides for sellers.