Last Updated October 17, 2022
In April, Eugene saw the single largest month-over-month price hike on record. The median sale price for all residential properties rose 10% to $478,000.
Meanwhile, inventory largely remained flat, but there were 15% more new listings in April than pending sales.
During the spring season, it’s typical to see inventory start to increase. We aren’t seeing a big surge that would indicate too many buyers are shying away from Eugene’s market due to higher mortgage rates, which have hovered around 5.5% locally.
We predict that there will be an incremental shift toward less buyer activity, and it’s tempting to imagine that prices will flatten from here. There are no guarantees, though. For now, the spring buying season is just as frenzied as ever in Eugene.
Further reading
When Will the Housing Market Crash (and Housing Prices Drop) in Oregon?
Eugene Seller’s Agents: How to Know Who’s Best for You
The Ultimate Bend, Oregon Relocation Guide
Eugene Oregon Relocation: The Ultimate Guide
Best Places to Live in Oregon: Bend vs. Eugene
Tips for First-Time Home Buyers in Oregon
Looking to Retire in Bend, Oregon? Here’s What to Consider.
Looking to Retire in Eugene, Oregon? Here’s What to Consider.
Best Neighborhoods in Bend Oregon: Our Definitive List
Best Neighborhoods in Eugene Oregon: Our Definitive List