Mid-Willamette Valley March 2025 Real Estate Market Update
These statistics represent overall market data from Marion, Polk, Linn & Benton Counties for March 2025, compared to the values recorded for March 2024. See below for the month over month data and let me know if you want to see the data for your specific county or area!
March 2025 Mid-Willamette Valley Real Estate Market Breakdown!
Whether you're planning on buying or selling, it’s important to understand how current conditions are shaping the real estate market. Here’s a breakdown of some key insights from the March 2025 real estate market for the Mid-Willamette Valley:
1. Home Prices: Continued Housing Demand
As of March, the median home price for the combined area of Marion, Polk, Linn & Benton counties is at $440,000 a 2.3% increase compared to February of last year. (And a 3% increase over the prior month. See the month-over-month statistics below) This is reflecting that the demand for housing in our area continues to increase.
2. Market Activity: New Listings and Sales Trends
March saw 568 new homes hitting the market—giving us 955 active listings. With the median Days on Market #s being at 62, a 7.9% increase in DOM from last year, homes sold less quickly in Mach 2025 than they did in March of 2024. This could be due in part to market uncertainty.
3. Mortgage Rates: A Little Bit of Movement Up and Down Over the Last Month!
The 30-year fixed mortgage rate has recently seen a little bit of back and forth movement. The rates I am seeing as of 4/18/25 are at 6.87% for a 30YR Fixed Rate (Mortgage News Daily). Many people have been waiting for the mortgage rates to “go back down” to purchase a home. If you’re 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: Spring is Here!
And with it comes the spring real estate market! Spring usually comes with an influx of both listings and other buyers. The 568 listings that hit the market in March was down 7.2% from last year but UP 46% over last month! If you’ve been waiting for right options to present themselves, now might be a great time to start looking. We saw 376 total sales close in March this year, this is a 3% increase over last year and a 20.1% increase over last month. There are advantages to BOTH buyers AND sellers for taking advantage of the spring real estate market, get in contact with me if you’d like to hear how the spring market might be a benefit to you!
These statistics represent overall market data from Marion, Polk, Linn & Benton Counties for March 2025, compared to the values recorded for February 2025.
Let’s Connect!
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 talking about your personalized approach for success in the Mid-Willamette Valley real estate market.