Is Eugene, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eugene is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Eugene was a Seller's Market.

Key Takeaway

Eugene is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$8,614(+1.8%)

Key Takeaway

Homes in Eugene have sold for 1.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $287.5K$307.5K
+7.0%
2 $325K$365K
+12.3%
3 $460K$451.3K
-1.9%
4 $588.4K$610K
+3.7%
5+ $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
+4.0%
Eugene
+1.8%
Eugene-Springfield
-0.4%

Housing Supply in Eugene, OR

How many homes are available in Eugene, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
677728+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

# BEDSJan 2024Feb 2024CHANGE
1 911
+22.2%
2 92108
+17.4%
3 342365
+6.7%
4 184189
+2.7%
5+ 5055
+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 2024Feb 2024CHANGE
78109+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eugene, you may be able to get a good deal. 43.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
49 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eugene are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Eugene, OR

Nearby Markets to Eugene, OR

What housing markets are near Eugene, OR?