$10,000 Closing Credit*
$1,795,000
3,469 SqFt
4 Beds
•3 Full Baths
Jason Cadwell, Listing Office: Cadwell Realty Group
Is Corvallis, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Corvallis has remained a Seller'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
$500,000
$296/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$40,020(+8.7%)
Key Takeaway
Homes in Corvallis have sold for 8.7% more than they did a month ago.
Summary: The median home sold price in Corvallis was $500,000 in October 2024, up 8.7% from last month, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $407.6K | $353K | -13.4% |
| 3 Bedrooms | $530K | $497.2K | -6.2% |
| 4 Bedrooms | - | $594.9K | N/A |
| 5+ Bedrooms | $1.6M | $659.5K | -60.0% |
Summary: Corvallis housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 60%.
Housing Supply in Corvallis, OR
How many homes are available in Corvallis, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 54 | -12.9% |
Summary: The Corvallis real estate market had 54 homes for sale in October 2024, a 12.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 5 | -58.3% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Corvallis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 58.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corvallis, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Corvallis in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 61 Days | +17.3% |
Summary: Homes in Corvallis had an average of 61 days on market in Oct 2024, up by 17.3% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 15 homes were sold in Corvallis; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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