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All market snapshots / 97838

Hermiston, OR 97838 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Hermiston, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 4949PendingPending sales: 88
Hermiston, OR: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $397k$397kSoldMedian sold price (last 6 months): $360k$360k
What homes actually sell for in Hermiston, OR
Distribution of 179 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $318k to $409k
$230k to $270k: 14 sales$230k$270k to $310k: 17 sales$310k to $350k: 46 sales46sales$310k$350k to $390k: 24 sales$390k to $429k: 46 sales$390k$429k to $469k: 11 sales$469k to $509k: 4 sales$469k$509k to $549k: 1 salesMedian $360k

What the numbers say

As of October 5, 2026, Resideline is tracking 49 active listings and 8 pending sales in ZIP code 97838. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $396,990, while the median of the 179 closed sales Resideline tracked over the last six months was $359,997. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 97838 for 79 days.

Frequently asked questions

What is the median home price in 97838?

The median closed sale price in Hermiston, OR 97838 was $359,997 over the last six months, based on 179 closed sales tracked by Resideline. The middle half of those sales ranged from $317,941 to $409,000.

Is 97838 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 49 active listings in 97838, a pending-to-active ratio of 0.16. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 97838 currently looks like a balanced market.

Nearby ZIP code market data

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