First American Market Report

Corvallis, OR 97330

Single-Family Homes

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Corvallis, OR 97330

Fri Sep 20 2019
This week the median list price for Corvallis, OR 97330 is $400,000 with the market action index hovering around 32. This is less than last month's market action index of 36. Inventory has held steady at or around 128. Click here to stay informed with the Corvallis market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Corvallis, OR 97330

Fri Sep 20 2019
This week the median list price for Corvallis, OR 97330 is $400,000 with the market action index hovering around 32. This is less than last month's market action index of 36. Inventory has held steady at or around 128. Click here to stay informed with the Corvallis market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Corvallis market.
Median List Price $400,000
Per Square Foot $217
Days on Market 69
Price Decreased 35%
Price Increased 6%
Relisted 16%
Inventory 128
Median House Rent $1,895
Most Expensive $1,847,000
Least Expensive $239,900
Market Action Index
Slight Seller's Advantage
32

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$742,000 3,216 0.25 - 0.5 acre 4 4 30 1 3 129
$464,950 2,375 0.25 - 0.5 acre 4 3 47 2 2 61
$380,000 1,848 4,500 - 6,500 sqft 4 2 40 1 2 42
$317,500 1,309 6,500 - 8,000 sqft 3 2 49 3 4 45