$7,719 Closing Credit*
$650,000
2,222 SqFt
2 Beds
•2 Full Baths
Jill Schuster, Listing Office: Triple Oaks Realty LLC
Is Philomath, 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, Philomath was a Buyer's Market.
Key Takeaway
Philomath is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Philomath, OR
How much do homes in Philomath, OR cost?
Median Sold Price
$599,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$111,550(+22.9%)
Key Takeaway
Homes in Philomath have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Philomath was $599,000 in November 2024, up 22.9% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $395K | -1.3% |
| 3 Bedrooms | $450K | $714.5K | +58.8% |
| 4 Bedrooms | $885K | $606K | -31.5% |
| 5+ Bedrooms | $849K | $599K | -29.4% |
Summary: Philomath housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 58.8%, 4 bedroom homes decreased by 31.5%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Cities
| Philomath | $487.4K | $599K | +22.9% |
| Corvallis | $545K | $550K | +0.9% |
Housing Supply in Philomath, OR
How many homes are available in Philomath, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Philomath real estate market had 11 homes for sale in November 2024, a 22.2% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Philomath 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 increased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philomath, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Philomath in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Philomath, OR
How long does it take to sell a home in Philomath, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 96 Days | +284.0% |
Summary: Homes in Philomath had an average of 96 days on market in Nov 2024, up by 284% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Philomath are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Philomath; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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