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
Last month, Corvallis was a Buyer's Market.
Housing Prices in Corvallis, OR
How much do homes in Corvallis, OR cost?
Median Sold Price
$555,000
$280/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Corvallis was $555,000 in March 2024, down 10% from last month, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $270K | - | N/A |
3 Bedrooms | $575.3K | $463.4K | -19.4% |
4 Bedrooms | $655.3K | $614K | -6.3% |
5+ Bedrooms | $855K | $724.5K | -15.3% |
Summary: Corvallis housing prices by bedroom type for March 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 decreased by 19.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in Corvallis, OR
How many homes are available in Corvallis, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 59 | -3.3% |
Summary: The Corvallis real estate market had 59 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 35 | 29 | -17.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Corvallis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Corvallis in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 15% were sold under asking, 62% were sold at asking, and 23% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 50 Days | -40.2% |
Summary: Homes in Corvallis had an average of 50 days on market in Mar 2024, down by 40.2% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Corvallis; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.