Mid-Willamette Valley

(Marion, Polk, Linn, and Benton)

Greater demand than supply resulted in stable prices for the region. Still, residential real estate moved slower than in Q4 of 2021, with homes spending more time on the market and home sales lower than year-ago figures.

Days On Market

Average days on market increased across the region, jumping 230% from year-ago figures in Independence to an average of 66 days. At 32 days, Philomath posted the lowest average, which represented a 39% rise from the same period last year.

Average Sales Price

Average sales price in Independence climbed 19% to $455,176. Average sales price in Dallas and Salem/Keizer also increased compared with Q4 2021. In Dallas, the average sales price ($426,337) increased 4% from yearago figures. In Salem/Keizer, the average sales price ($431,963) was also up 4% compared with Q4 2021.

Closed Transactions

Closed units were down in every market throughout the Mid-Willamette Valley surveyed this quarter, ranging from 25% to 64% off same period prior year. Philomath recorded the sharpest decline with 32 fewer sales than Q4 2021.