Mid-Willamette Valley January 2025 Real Estate Market Update
These statistics represent overall market data from Marion, Polk, Linn & Benton Counties for January 2025. Let me know if you want to see the data for your specific county or area.
Breakdown!
Whether you're planning on buying or selling, it’s important to understand how current conditions are shaping the market. Here’s a breakdown of key insights from the January 2025 real estate market and what you can expect in the coming months:
1. Home Prices: A Solid Start to 2025
The real estate market continues to show positive growth in the Mid-Willamette Valley. As of January, the median home price stands at $441,003, reflecting a 5% increase compared to January of last year. This steady rise is indicative of strong buyer interest and continued demand, despite seasonal shifts.
2. Market Activity: New Listings and Sales Trends
January saw 553 new homes hitting the market—a healthy influx of new options for buyers. However, it’s worth noting that homes sold at a 5.9% slower rate than January of last year. Despite this, total sales increased by 8.2%, signaling a vibrant market overall. These numbers show us that while winter typically sees a slower pace, buyers and sellers are still actively engaging in transactions.
3. Mortgage Rates: Locking in a Rate
Currently, the 30-year fixed mortgage rate sits at 6.99%. While rates are slightly higher than some buyers would prefer, they’re still quite manageable in the broader context of historical rates. If you’re seriously considering purchasing a home in the near future, now may be a good time to consider the strategy of “dating the rate” to make a purchase and then refinancing in the future if the market chances and your refinanced rate would be more than 1% difference from your purchase rate.
4. Buyer Demand: An Advantage for Winter Buyers
Though winter is traditionally a quieter season for real estate, there’s actually an upside for buyers right now. Winter buyers often have an advantage at the negotiation table, as sellers may be more eager to make a deal during this slower time. If you’ve been waiting for the perfect opportunity to negotiate a great deal, now could be a great time to act!
5. What to Expect in the Coming Months
Looking ahead, we can expect prices to continue their upward trajectory as we move into the spring market. Historically, spring and summer months bring increased inventory and more competition among buyers, which tends to drive prices higher. Whether you're buying or selling, it’s important to have a well-thought-out game plan as we head into these busy seasons.
Let’s Connect
The real estate market can feel overwhelming, but it doesn’t have to be. If you’re thinking about making a move—whether buying or selling—I’m here to provide expert guidance every step of the way. Contact me today, and let’s start building your personalized strategy for success in the Mid-Willamette Valley real estate market.