First American Market Report
Philomath, OR 97370
Single-Family Homes
First American Title Company | www.firstam.com
Philomath, OR 97370
Sat Dec 21 2024
This week the median list price for Philomath, OR 97370 is $674,999 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $674,999 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $282 | |
| Average Days on Market | 120 | |
| Median Days on Market | 84 | |
| Price Decreased | 67% | |
| Price Increased | 8% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $850,000 | 2,251 | 2.5 - 5 acres | 3 | 2.5 | 29 | 0 | 0 | 98 |
| $739,500 | 2,591 | 0.25 - 0.5 acre | 4 | 2.5 | 31 | 0 | 0 | 84 |
| $599,999 | 2,222 | 1 - 2.5 acres | 3 | 2 | 55 | 0 | 0 | 63 |
| $355,000 | 1,312 | 0 - 4,500 sqft | 3 | 2 | 24 | 0 | 0 | 84 |