Updated May 2026 · Redfin · 3-month window
97123 Real Estate Market Update: Hillsboro, OR, May 2026
The latest housing-market numbers for ZIP code 97123 in Hillsboro, Oregon, for May 2026: a $510K median sale price, straight from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $510K | ▼ -0.3% | ▼ -4.0% |
| Days on market | 35 | ▼ -31.4% | ▼ -5.4% |
| Homes for sale | 162 | ▲ +8.0% | ▼ -23.6% |
| Sale-to-list | 99.6% | ▲ +0.1% | ▼ -0.5% |
| Homes sold | 205 | ▲ +9.0% | ▲ +9.6% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 97123 numbers say
The 97123 ZIP in Hillsboro is cooling. The median sale price sits at $510,000, 4.0% below last year. Homes here move fast: a typical listing goes under contract in about 35 days, and sellers are getting 99.6% of list price.
Based on 205 recent sales, 97123 is currently an active market.
What this means if you sell in 97123
Use these figures to set expectations early with each client. Lead a listing appointment with the $510K median price and the 35-day pace, show the year-over-year direction, and frame 97123 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 97123 market
We built LOKAL to pull 97123's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $510K median sale price, -4.0% year over year, a 99.6% sale-to-list ratio and a -0.3% month-over-month move across 205 recorded sales. That compares with roughly $531K a year earlier, in 2025. We refresh every ZIP monthly and only publish once a ZIP clears at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Redfin has published ZIP-level market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 97123 — population, median household income, owner-occupancy — see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the Hillsboro post →Frequently asked: the 97123 housing market
- What is the median home price in ZIP 97123 (Hillsboro, OR)?
- As of May 2026, the median sale price in ZIP 97123 is $510,000 (-4.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 97123 a buyer's or seller's market right now?
- ZIP 97123 is currently an active market, based on a 99.6% sale-to-list ratio, about 35 days on market for May 2026.
- How long do homes take to sell in ZIP 97123?
- A typical listing in 97123 goes under contract in about 35 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 97123 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.