$9,144 Closing Credit*
$770,000
1,613 SqFt
1 Bed
•2 Full Baths
Tara Ewing Hicklen, Listing Office: Knipe Realty ERA Powered
Is Corvallis, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Corvallis was a Buyer's Market.
Key Takeaway
Corvallis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corvallis, OR
How much do homes in Corvallis, OR cost?
Median Sold Price
$550,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.9%)
Key Takeaway
Homes in Corvallis have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Corvallis was $550,000 in November 2024, up 0.9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | $320K | -52.6% |
| 2 Bedrooms | $355K | $381.3K | +7.4% |
| 3 Bedrooms | $530K | $535K | +0.9% |
| 4 Bedrooms | $623.1K | $614.8K | -1.3% |
| 5+ Bedrooms | $525K | $760K | +44.8% |
Summary: Corvallis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.6%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 44.8%.
Housing Supply in Corvallis, OR
How many homes are available in Corvallis, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 34 | -35.8% |
Summary: The Corvallis real estate market had 34 homes for sale in November 2024, a 35.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 24 | 12 | -50.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Corvallis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corvallis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Corvallis in November 2024, down by 60.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Corvallis, OR
How long does it take to sell a home in Corvallis, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 24 Days | +453.0% |
Summary: Homes in Corvallis had an average of 24 days on market in Nov 2024, up by 453% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corvallis are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Corvallis; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.