Metropolitan Statistical Area (MSA):
Corvallis, OR is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Corvallis, OR metropolitan statistical area (MSA) has seen some real estate trends in the housing market over the past few years. Some of these trends have been positive, while others have been negative. However, one thing is for sure – the Corvallis MSA is a desirable place to live and this is reflected in the current state of the housing market.
The most recent data shows that the median home value in the Corvallis MSA is $360,000. This is a significant increase from just a few years ago when the median home value was $270,000. The rise in home values can be attributed to a number of factors including population growth, low interest rates, and an overall strong economy.
The trend of rising home values looks likely to continue in the near future as there are currently very low levels of inventory and high demand from buyers. This combination is resulting in homes selling very quickly and often for above asking price. If you are thinking about buying a home in Corvallis or any other part of Oregon, now may be a good time to do so before prices continue to increase at their current rate.