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. 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

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.

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. 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

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

Never miss important changes in the Philomath market.
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