Gillott Home Team

Philomath, OR

Single-Family Homes

Keller Williams Realty Mid-Willamette



Philomath, OR

Sun Jul 05 2020
This week the median list price for Philomath, OR is $318,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 50. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Philomath, OR

Sun Jul 05 2020
This week the median list price for Philomath, OR is $318,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 50. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Philomath market.
Median List Price $318,500
Per Square Foot $196
Days on Market 122
Price Decreased 14%
Price Increased 2%
Relisted 10%
Inventory 50
Median Rent $1,395
Most Expensive $1,200,000
Least Expensive $150,000
Market Action 27
Slight Buyer's Advantage

The market seems to have paused around this plateau. 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
$699,999 3,622 2.5 - 5 acres 4 2 37 0 0 101
$417,052 1,664 8,000 - 10,000 sqft 3 2 8 0 0 93
$289,000 1,594 4,500 - 6,500 sqft 3 2 0 2 1 127
$255,000 1,254 4,500 - 6,500 sqft 3 2 0 0 0 163