Market Intelligence · OR / Hillsboro

Hillsboro, OR 97124 Housing Market

The typical home value in Hillsboro's 97124 ZIP is $531,938, down 2.1% over the past year. The median list price stands at $542,000, with homes typically spending 63 days on the 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. 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 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

Sep 2025$538K

Low $528KHigh $538K

Sep 2026$528K

The numbers

What is the 97124 housing market like?

As of September 2026

Typical home value

$528K

1.9%YoY

Median list price

$542K

1.5%MoM

Days on market

14.5%MoM

Homes for sale

108

1.9%MoM

Price cuts

35.4%

7.8%MoM

New listings

50.0%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

Hillsboro's 97124 has 108 homes for sale and 48 new listings in recent weeks. The median days on market at 63 indicates properties are taking time to move. A notable concern for sellers is that 35.4% of current listings have seen a price cut. Combined with the 2.1% decline in typical home value over the past year, this suggests a buyer-leaning market where negotiation room exists but patience is required.

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Down payment20% · $105,601

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Common questions

What people ask us.

What is the typical home value in 97124?

The typical home value in Hillsboro's 97124 ZIP is $531,938, down 2.1% over the past year as of August 2026.

How long do homes typically stay on the market here?

As of September 2026, homes in 97124 spend a median of 63 days on the market.

How many homes are currently for sale in 97124?

There are 108 homes for sale in 97124 as of September 2026, with 48 new listings in that same month.

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