One part of Hillsboro is moving faster and getting more for sellers
Not all of Hillsboro is reading the same right now. The Real Estate Data Aggregator counted the three months ending July 31, 2026, and the two main ZIP codes came out differently. If you own or want to buy in 97124, the numbers say move with a plan.
ZIP 97124: prices up, speed up, supply down
The Real Estate Data Aggregator put the median sale price in 97124 at $555,000 for the three months ending July 31, 2026. That is up 4.7% from the same three months in 2025. Prices rose here while the broader Portland-Vancouver-Hillsboro metro median sat at $587,750, according to Realtor.com in September 2026.
The Real Estate Data Aggregator counted 159 homes sold in 97124 in those three months. That is up 12% from the same period a year before. At the same time, homes for sale fell 18.7%. Fewer choices, more buyers moving. That combination pushed things faster.
That 50.9% figure, from the Real Estate Data Aggregator, is up 9.1 points from the same three months in 2025. So more than half of homes in 97124 found a buyer within two weeks. If you are buying there, slow offers are a risk. If you are selling, prep and price still matter because buyers are comparing.
The Real Estate Data Aggregator put the average sale-to-list ratio in 97124 at 99.7%. That is up 0.2 points from 2025. Nearly 29 in 100 homes sold above list price, up 3.5 points year over year.
ZIP 97123: more sales, but softer prices and slower speed
ZIP 97123 had more sales than a year ago, which is real. The Real Estate Data Aggregator counted 95 homes sold in the three months ending July 31, 2026, up 15.9% from 2025. That is a meaningful gain.
The median sale price in 97123 dipped 1% to $520,000, per the Real Estate Data Aggregator. Homes took 21 days to sell, 2 days longer than 2025. The share going under contract within two weeks fell 14.6 points to 38.9%. Not a broken market, but a slower one.
New listings in 97123 dropped 21% year over year, the Real Estate Data Aggregator found. Supply tightened, yet prices still dipped a little. That tells you buyers in 97123 are being selective. Pricing right matters more, not less, in that setting.
How the two ZIP codes compare
| 97124 | 97123 | |
|---|---|---|
| Median sale price | $555,000 | $520,000 |
| Price change vs. 2025 | up 4.7% | down 1% |
| Median days on market | 12 days | 21 days |
| Pending within two weeks | 50.9% | 38.9% |
| Months of supply | 2.4 | 3 |
What rates and the wider market mean here
Realtor.com reported the mortgage rate for the Portland-Vancouver-Hillsboro metro at 6.9% in September 2026. Rates above 7% nationally, per Realtor.com, are keeping some buyers on the fence. Yet 97124 is still moving fast. That says the buyers who are in the market are committed and ready to act.
Nationally, Realtor.com reported that 20.8% of listings took a price cut in September 2026, the highest share since October 2022. That is a useful reminder. Even in a tighter ZIP like 97124, an overpriced home can still sit.
For renters in the Portland-Vancouver-Hillsboro metro, Realtor.com reported the median asking rent at $1,603 in August 2026, down 2.3% from a year before. Rents falling while for-sale prices in 97124 rise means the gap between renting and owning is shifting. That can nudge renters toward buying, which adds to buyer demand in ZIPs like 97124.
- ZIP 97124 is the faster, pricier side of Hillsboro right now.
- Prices up 4.7%, homes selling in 12 days, and more than half going pending within two weeks.
- ZIP 97123 is selling more homes than last year but at slightly lower prices and a slower pace.
- Both markets reward a sharp price.
- One street can read differently from the whole ZIP code, and that gap matters when you pick your number.
Your next step
(503) 300-6224Text me your address and I will send back where your Hillsboro home sits against what actually sold in your ZIP code in the three months ending July 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 97123 and 97124, the three months ending July 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Sep 3, 2026.
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: Redfin Reports U.S. Home Prices Rose 0.25% From a Month Earlier in August, Sep 22, 2026
- Redfin: Price-Drop Rate Ticks Up to Record September Rate Amid Strong Buyer’s Market, Sep 30, 2026
- No Real Estate Data Aggregator numbers for 97129, so this part is from websites alone.