Is Eugene, 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 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
$484,775
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eugene have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Eugene was $484,775 in March 2024, up 1.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $275K | -8.0% |
| 2 Bedrooms | $325K | $365K | +12.3% |
| 3 Bedrooms | $461.5K | $452.7K | -1.9% |
| 4 Bedrooms | $596.3K | $613.3K | +2.9% |
| 5+ Bedrooms | $723.7K | $705K | -2.6% |
Summary: Eugene housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2.6%.
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, OR
How many homes are available in Eugene, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 752 | 779 | +3.6% |
Summary: The Eugene real estate market had 779 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 112 | 124 | +10.7% |
| 3 Bedrooms | 376 | 392 | +4.3% |
| 4 Bedrooms | 196 | 199 | +1.5% |
| 5+ Bedrooms | 57 | 51 | -10.5% |
Summary: The Eugene housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 115 | -4.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Eugene in March 2024, down by 4.2% month-over-month. Of the 115 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 40 Days | +10.6% |
Summary: Homes in Eugene had an average of 40 days on market in Mar 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eugene are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 115 homes were sold in Eugene; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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