Is Eugene, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Eugene was a Seller's Market.
Housing Prices in Eugene, OR
How much do homes in Eugene, OR cost?
Median Sold Price
$484,249
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Eugene was $484,249 in February 2024, up 1.8% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $307.5K | +7.0% |
2 Bedrooms | $325K | $365K | +12.3% |
3 Bedrooms | $460K | $451.3K | -1.9% |
4 Bedrooms | $588.4K | $610K | +3.7% |
5+ Bedrooms | $702.5K | $712.5K | +1.4% |
Summary: Eugene housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Springfield | $400.1K | $416.1K | +4.0% |
Eugene | $475.6K | $484.2K | +1.8% |
Eugene-Springfield | $451.7K | $450.1K | -0.4% |
Housing Supply in Eugene, OR
How many homes are available in Eugene, OR?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
677 | 728 | +7.5% |
Summary: The Eugene real estate market had 728 homes for sale in February 2024, a 7.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 92 | 108 | +17.4% |
3 Bedrooms | 342 | 365 | +6.7% |
4 Bedrooms | 184 | 189 | +2.7% |
5+ Bedrooms | 50 | 55 | +10.0% |
Summary: The Eugene housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
78 | 109 | +39.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Eugene in February 2024, up by 39.7% month-over-month. Of the 109 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Eugene, OR
How long does it take to sell a home in Eugene, OR?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 46 Days | -5.6% |
Summary: Homes in Eugene had an average of 46 days on market in Feb 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During February 2024, 109 homes were sold in Eugene; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.