What Philomath is actually doing, from Redfin data rather than adjectives.
Prices are up 0.6% on the same period last year.
This is a patient market. At 57 days sellers are negotiating and buyers have time to do diligence properly — inspections, well, septic — without losing the house. It has slowed noticeably — a year ago the same figure was 36 days.
Only 8 homes sold here in the month. That is a thin market: one unusual sale moves the median a long way, so treat the percentage change as noise and the days-on-market as the number worth trusting.
A median is the middle of what sold — not a valuation of any particular house. Two properties on the same street can sit either side of it for reasons a median cannot see: acreage, water, septic, outbuildings, condition. If you want to know what a specific place is worth, that takes comparables, and I will run them.
I am licensed throughout Oregon. Tell me the property and I will tell you what the county record shows and what it is actually worth.
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