Is Lane County, 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, Lane County was a Seller's Market.
Housing Prices in Lane County, OR
How much do homes in Lane County, OR cost?
Median Sold Price
$452,074
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lane County was $452,074 in March 2024, up 0.1% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $272.5K | -5.2% |
2 Bedrooms | $330K | $346.8K | +5.1% |
3 Bedrooms | $439.6K | $438K | -0.4% |
4 Bedrooms | $559.1K | $558.2K | -0.2% |
5+ Bedrooms | $660.7K | $683.7K | +3.5% |
Summary: Lane County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Counties
Lane County | $451.6K | $452K | 0.1% |
Linn County | $396.9K | $390.5K | -1.6% |
Douglas County | $349K | $343K | -1.7% |
Housing Supply in Lane County, OR
How many homes are available in Lane County, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,601 | 1,659 | +3.6% |
Summary: The Lane County real estate market had 1,659 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 | 22 | 25 | +13.6% |
2 Bedrooms | 218 | 222 | +1.8% |
3 Bedrooms | 826 | 882 | +6.8% |
4 Bedrooms | 423 | 429 | +1.4% |
5+ Bedrooms | 112 | 101 | -9.8% |
Summary: The Lane County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 9.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
214 | 225 | +5.1% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Summary: A total of 225 homes were sold or pending in Lane County in March 2024, up by 5.1% month-over-month. Of the 224 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.
Days on Market for Lane County, OR
How long does it take to sell a home in Lane County, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 52 Days | +30.1% |
Summary: Homes in Lane County had an average of 52 days on market in Mar 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During March 2024, 225 homes were sold in Lane County; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.