As summer sets in, the real estate markets in Corvallis, Albany, and Lebanon continue to reflect a season of steady activity and growing opportunity. While homes are still selling, the urgency of the past few years has cooled slightly. With more inventory and less dramatic price shifts, last month’s numbers point to a more balanced and strategic market for both buyers and sellers.
Corvallis: Inventory Builds as Prices Hold Steady
Corvallis continues to lead the region in price point, with a median sales figure of $612,000 for June. Homes sold in a median of 49 days and sellers received 100.5% of their list price. The city saw 91 new listings in June, raising active inventory to 133 homes. This increased availability has pushed months of supply to 3.3—giving buyers a bit more breathing room. On the year, Corvallis has tallied 356 new listings and a year-to-date median price of $581,044, up just 1.4% from 2024.
Albany: An Uptick, But Slower Growth Than Last Year
In Albany, the median sales price in June came in at $480,000. Homes are spending around 56 days on the market, and sellers are receiving an average of 99.4% of their asking price. The city saw 113 new listings this month, bringing the total active inventory to 162 homes—holding the months of inventory at 2.3. Year to date, Albany has posted a median sales price of $459,950, which represents a 7.0% increase over the same period in 2024. So far this year, the city has recorded 352 closed sales and 510 new listings.
Lebanon: Affordability and Balance Lead the Way
In Lebanon, affordability continues to be a hallmark. The median sales price for June was $382,323. Homes are taking slightly longer to sell, with a median of 65 days on the market, but sellers are still receiving 99.8% of list price. With 52 new listings and 119 active homes, Lebanon currently has 4.0 months of inventory—the most balanced of the three markets. Year to date, the city has posted a median price of $381,200, with 156 closed sales and 270 new listings.
Generally, it is notable that inventory is no longer in the two month or less range, as it has been in past years.
Looking across the board, June’s figures show a market that remains active and attractive, even if it’s not as fast paced as it once was. More listings mean more choices for buyers, while sellers who price appropriately are still achieving strong results. Each year we see a June lull as people gear up for graduations and relax after. Around July 4th the buyers reenter the market and strive to find the home that they want to get into over the summer. This year saw a solid three week lull and as we entered July, activity started picking up.
For those looking to make a move this summer, now is the time to align your goals with the realities of the current market. Thoughtful preparation, professional guidance, and realistic pricing are key to success in this evolving real estate landscape.
Samantha Alley has over 30 years of real estate experience and is a Principal Broker in the State of Oregon; she is a Team Leader and Office Advocate at REMAX/Integrity in Corvallis. She can be reached at sam@hometeamoregon.com
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