Is Corvallis, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Corvallis has remained a Seller's Market.
Key Takeaway
Corvallis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corvallis, OR
How much do homes in Corvallis, OR cost?
Median Sold Price
$580,900
$285/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Corvallis have sold for 8.6% more than they did a month ago.
Summary: The median home sold price in Corvallis was $580,900 in April 2024, up 8.6% from last month, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $342.5K | N/A |
| 3 Bedrooms | $482K | $581.8K | +20.7% |
| 4 Bedrooms | $614K | $807.5K | +31.5% |
| 5+ Bedrooms | $724.5K | $770K | +6.3% |
Summary: Corvallis housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in Corvallis, OR
How many homes are available in Corvallis, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The Corvallis real estate market had 52 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 32 | 24 | -25.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Corvallis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corvallis, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Corvallis in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Corvallis, OR
How long does it take to sell a home in Corvallis, OR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 63 Days | +42.7% |
Summary: Homes in Corvallis had an average of 63 days on market in Apr 2024, up by 42.7% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corvallis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Corvallis; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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