Brokers — List your Company Here
Featured local agent — ZIP 97124
Sarah Mitchell
Compass Real Estate · ZIP 97124
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
97124 ZIP Code Housing Market
$550,000median sale price
What is the 97124 housing market like right now?
The median home sale price in ZIP code 97124 is $550,000, up 0.0% year-over-year. Homes sell in an average of 18 days with 91 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 97124 ZIP code a buyer's or seller's market?
ZIP code 97124 is currently a balanced market and homes selling in about 18 days. How we determine this →
What are the latest 97124 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $550,000 |
| Median list price | $575,000 |
| Year-over-year price change | +0.0% |
| Average days on market | 18 days |
| Active inventory | 91 listings |
| Sale-to-list price ratio | 99.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 97124 zip code, located in Hillsboro, OR, is currently classified as a balanced market. The median sale price stands at $550,000, representing a +0.0% change year over year. Homes in this area spend an average of 18 days on the market before going under contract. There are currently 91 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 97124 sits in the Hillsboro, OR area, roughly 3 miles from downtown Hillsboro. Because home prices are set street by street, this ZIP can move differently from Hillsboro's citywide averages. The figures below reflect 97124 specifically — drawn from Redfin transactions, U.S. Census data for its 54,357 residents, and Zillow value estimates.
Homes sold
117
Last 12 weeks
Days on market
18
Fast-moving
Active listings
91
Sale-to-list
99.7%
Below asking
What is driving the 97124 housing market?
The 97124 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 97124 have increased +0.0% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 97124 stands at $541,760, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,859 per month. This gives a price-to-rent ratio of approximately 24.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 97124?
Population
54,357
Median income
$110,067/yr
Median age
34.7 years
Owner-occupied
46.6%
College grads
46.3%
Avg commute
24.25 min
What is it like living in 97124?
Zip code 97124 is home to approximately 54,357 residents. The median household income is $110,067 per year, which shapes the types of homes and amenities available in the area. With a median age of 34.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 46.6% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 46.3% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 24.25 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 97124.
Which public schools serve ZIP 97124?
15 schools tracked · 8,240 students
The largest public schools serving ZIP code 97124 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Glencoe High School
Grades 9-12 · 1,498 students
Liberty High School
Grades 9-12 · 1,435 students
Evergreen Jr High School
Grades 7-8 · 707 students
J W Poynter Middle School
Grades 7-8 · 687 students
Quatama Elementary School
Grades K-6 · 537 students
Orenco Elementary School
Grades K-6 · 456 students
W Verne McKinney Elementary School
Grades K-6 · 418 students
Paul L Patterson Elementary School
Grades K-6 · 383 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 97124
What is the median home price in 97124?
The current median sale price in 97124 is $550,000, based on recent Redfin transaction data. Prices have changed +0.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 97124 a buyer's or seller's market?
The 97124 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 97124?
Zip code 97124 has a population of approximately 54,357 residents. The median household income is $110,067 per year. About 46.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 97124?
Properties Incorporated provides comprehensive data for 97124 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 97124 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 97124
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get zip code 97124 market alerts
Weekly updates on prices, inventory, and trends. Free forever.