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?

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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?

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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?

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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?

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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?

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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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