Is Alsea, OR 97324 a buyer’s or seller’s market?
Alsea is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Alsea housing market right now
In the three months ending August 31, 2026, 0% of homes in Alsea, OR 97324 sold above their list price, the typical home went under contract in 27 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (32 days then) and the median sale price rose 13% to $384,334. Overall, Alsea is less competitive than a year ago, which gives buyers more room.
Within Benton County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Corvallis 97330 (28% sold over asking) and Corvallis 97333 (20% sold over asking) are even more competitive.
Run the numbers for 97324
Nearby markets
Corvallis 97330Seller’s market $320 /sq ftCorvallis 97333Seller’s market $351 /sq ftMonroe 97456Seller’s market $327 /sq ftPhilomath 97370Balanced $279 /sq ft Browse all markets →Towns like Alsea nearby
Find towns like Alsea in other states →Where Alsea is
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Questions about Alsea real estate
Is Alsea a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Alsea, OR 97324 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Alsea?
The typical home went under contract in 27 days in the latest three months.
Do homes in Alsea sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Alsea?
About 0.95% of a home’s value a year in Benton County, or roughly $3,800 on a $400,000 home.
What is the median home price in Alsea?
The median sale price was $384,334 in the three months ending August 31, 2026, about $340 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology