Gillott Home Team
Philomath, OR
Single-Family Homes
Keller Williams Realty Mid-Willamette
Philomath, OR
Wed Dec 11 2019
This week the median list price for Philomath, OR is $337,500 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $337,500 | |
| Per Square Foot | $192 | |
| Days on Market | 84 | |
| Price Decreased | 40% | |
| Price Increased | 3% | |
| Relisted | 20% | |
| Inventory | 40 | |
| Median Rent | $1,895 | |
| Most Expensive | $1,450,000 | |
| Least Expensive | $185,000 | |
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $625,000 | 3,504 | 1 - 2.5 acres | 4 | 3 | 34 | 0 | 0 | 106 |
| $416,727 | 2,114 | 0.25 - 0.5 acre | 3 | 2 | 30 | 0 | 1 | 91 |
| $287,000 | 1,685 | 4,500 - 6,500 sqft | 3 | 3 | 43 | 0 | 0 | 30 |
| $255,750 | 1,191 | 4,500 - 6,500 sqft | 3 | 1 | 66 | 1 | 0 | 106 |