Is Eugene-Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Eugene-Springfield was a Seller's Market.
Key Takeaway
Eugene-Springfield 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-Springfield, OR
How much do homes in Eugene-Springfield, OR cost?
Median Sold Price
$450,377
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eugene-Springfield have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Eugene-Springfield was $450,377 in March 2024, down 0.7% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286.2K | $273.7K | -4.4% |
| 2 Bedrooms | $326K | $340K | +4.3% |
| 3 Bedrooms | $440.5K | $437.7K | -0.6% |
| 4 Bedrooms | $560K | $560K | 0.0% |
| 5+ Bedrooms | $656K | $670K | +2.1% |
Summary: Eugene-Springfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Springfield | $400K | $420.4K | +5.1% |
| Eugene | $478.1K | $484.7K | +1.4% |
| Eugene-Springfield | $453.6K | $450.3K | -0.7% |
Housing Supply in Eugene-Springfield, OR
How many homes are available in Eugene-Springfield, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 955 | 990 | +3.7% |
Summary: The Eugene-Springfield real estate market had 990 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 134 | 141 | +5.2% |
| 3 Bedrooms | 506 | 533 | +5.3% |
| 4 Bedrooms | 241 | 246 | +2.1% |
| 5+ Bedrooms | 62 | 57 | -8.1% |
Summary: The Eugene-Springfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 156 | +1.3% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene-Springfield, you may be able to get a good deal. 37.4% of homes here sold below asking price last month.
Summary: A total of 156 homes were sold or pending in Eugene-Springfield in March 2024, up by 1.3% month-over-month. Of the 155 sold homes, 37% were sold under asking, 26% were sold at asking, and 36% were sold over asking.
Days on Market for Eugene-Springfield, OR
How long does it take to sell a home in Eugene-Springfield, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +32.4% |
Summary: Homes in Eugene-Springfield had an average of 45 days on market in Mar 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eugene-Springfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 156 homes were sold in Eugene-Springfield; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.