Q1 2026 MLS Data

Corvallis, Oregon
real estate

Home to Oregon State University, Corvallis consistently ranks among Oregon's best places to live. A vibrant mix of college-town energy, tech industry jobs, and outdoor adventure — with real estate prices to match the demand.

Avg Sold Price

$593K

Q1 2026

Homes Sold Q1

68

YoY: down from 77 in Q1 2025

Avg Days on Market

102

Residential <1 acre

Active Listings

79

Limited inventory

Corvallis market snapshot

Q1 2026 data from Willamette Valley MLS. 68 residential sales under 1 acre.

Avg Sold Price

$593,250

+4.1% YoY

Avg Days on Market

102

Residential <1 acre

Active Listings

79

Current inventory

Price per Sq Ft

$326

Average

Corvallis vs Lebanon

Corvallis is the premium option in the region at $593K average — 57% higher than Lebanon ($377K). You get a top university town, thriving tech sector, and nationally ranked schools. Lebanon offers 36% more home for your dollar with a quieter, small-town lifestyle just 25 minutes away. Many families buy in Lebanon and commute to Corvallis for work, getting the best of both worlds.

Corvallis

$593,250

Lebanon

$377,115

Difference

$216,135

Drive Time

25 minutes via US-20

Why Corvallis?

Population 62,110 (+0.8% annually). 18 miles west of Lebanon via US-20.

Oregon State University — 32,000+ students, major research institution, and top employer

Consistently ranked #1 or #2 best place to live in Oregon (Niche, US News)

Thriving tech sector with HP, NuScale Power, Inpria, and OSU spinoffs

Exceptional outdoor access: Marys Peak, Bald Hill, Peavy Arboretum, McDonald Forest

Award-winning Corvallis School District with high graduation rates

Vibrant downtown with independent shops, restaurants, breweries, and farmers market

Schools

Corvallis School District 509J

  • Often considered one of the area's stronger school-district draws for buyers comparing Corvallis with nearby cities
  • Corvallis High School and Crescent Valley High both rank in Oregon's top 20
  • Strong STEM programs through OSU partnerships
  • Bilingual immersion programs (Spanish/English) at multiple elementary schools

Major employers

Oregon State University

Education/Research

10,000+

Samaritan Health Services

Healthcare

3,000+

HP Inc.

Technology

1,500+

Corvallis School District

Education

1,200+

NuScale Power

Clean Energy

400+

Frequently asked questions about Corvallis

Is Corvallis, Oregon expensive?

Corvallis is the most expensive city in the mid-Willamette Valley with an average sold price of $593,250 in Q1 2026 — up 4.1% year-over-year. However, it remains more affordable than Portland metro. Many buyers look to nearby Lebanon ($377K) or Albany ($446K) for more affordable options within a 25-minute commute.

What is the average home price in Corvallis, Oregon?

As of Q1 2026, the average sold price in Corvallis is $593,250 for residential properties under 1 acre. 68 homes sold in Q1, down from 77 the previous year, reflecting limited inventory (79 active listings). The market is competitive with homes averaging 102 days on market.

Is Corvallis a good place to raise a family?

Corvallis can be a strong fit for families comparing schools, parks, established residential areas, community events, and university-town amenities. OSU brings cultural and sporting events year-round. The main trade-off is higher home prices.

How far is Corvallis from Lebanon?

Corvallis is approximately 18 miles west of Lebanon, about a 25-minute drive via US-20. This proximity is why many families buy in Lebanon for the lower prices and commute to Corvallis for work at OSU or HP.

What are the best neighborhoods in Corvallis?

Top neighborhoods include North Corvallis (family-friendly, Bald Hill access, $500K-$750K), South Corvallis (artsy, walkable, $400K-$600K), West Corvallis/Philomath corridor (newer homes, valley views), and Downtown/Campus (urban walkability, historic homes).

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