First American Market Report

Philomath, OR 97370

Single-Family Homes

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Philomath, OR 97370

Tue Oct 15 2024
This week the median list price for Philomath, OR 97370 is $638,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 22. Click here to stay informed with the Philomath market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Philomath, OR 97370

Tue Oct 15 2024
This week the median list price for Philomath, OR 97370 is $638,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 22. Click here to stay informed with the Philomath market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Philomath market.
Median List Price $638,500
Median Price of New Listings $537,500
Per Square Foot $281
Average Days on Market 127
Median Days on Market 74
Price Decreased 45%
Price Increased 5%
Relisted 23%
Inventory 22
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$940,000 2,736 5 - 10 acres 3 2.5 43 0 0 147
$749,500 2,591 0.25 - 0.5 acre 4 2.5 29 0 0 42
$595,000 2,315 1 - 2.5 acres 3 2.3 50 1 0 213
$452,450 1,462 4,500 - 6,500 sqft 3 2 49 1 1 31