Eugene, Oregon Real Estate Market Reports

Inventory is holding steady in Eugene as we approach the warmer months, with buyer activity roughly on par with seller activity. Basically, while Eugene’s market isn’t as hot as it was a year ago, there are still less homes to go around than there were at pretty much any point prior to the pandemic. High interest rates are keeping a lid on prices, but March’s median sale price of $441k is still 1% higher than it was last year. In March, homes sold for an average of 97.8% of list price, compared to 95.7% in February. Homes still aren’t selling…

Eugene’s median sale price was down 4% month-over-month in February as home prices continue to zigzag. The numbers suggest, though, that this isn’t the beginning of any kind of trend. Overall, homes spent significantly less time on the market than they did in January, down from a median of 32 days to just 19 days. Things are moving slower than they did a year ago, but compared to elsewhere, Eugene’s market is plenty brisk. Additionally, homes sold in February for an average of 95.7% of their original list price, compared to 94.8% in January. Basically, there’s just more activity right…

Pending sales and new listings were up in the first month of the New Year, and so were home prices, rising 2% month-over-month to a median of $447,000. But time spent on the market also rose significantly, up 52% month-over-month to a median of 32 days. We’re definitely not seeing a repeat of 2022, when buyers hit the ground running to start the New Year, competing fiercly for historically low inventory. In January, homes went for a median of just 94.8% of their original list price, a 3% month-over-month decline. Homes are definitely still selling in Eugene – they’re just…

With the curtain closing on 2022, homes in Eugene are spending longer on the market than they have at any point since early 2020. Both buyer and seller activity are down significantly, and prices are about 9% from where they were in the late summer. With all of that said, inventory is down under a month again after hovering at 1.2 months the past several months. Prices are up slightly month-over-month, and homes with updated finishes in the most desirable locations are still selling fast. Buyer demand is not what it was, but with so few homes going on the…

After a number of months of holding steady, Eugene’s sale prices dropped significantly in October. That was due to a significant decline in activity at the upper end of the market. November saw somewhat of a reversal, with median sale prices climbing to $435,000. Homes sold for a median of 98.8% of list price, 2% better than a month earlier. Properties are spending longer on the market, with the median rising to 15 days. That’s a typical seasonal shift, though, and homes are still selling relatively quickly in Eugene relative to many other markets. With inventory remaining flat at 1.2…

In October, inventory remained flat month-over-month in Eugene. Buyer activity, as measured by pending sales, is down 19% year-over-year, but new listing activity is down almost as much. Meanwhile, the median time spent on the market actually decreased, falling to 10 days. There’s one big surprise in October’s numbers, however: Eugene’s median sale price plummeted to just $418,000 in October. That’s a decline of 4% year-over-year and a whopping 13% month-over-month. Prices have remained remarkably stable in Eugene over the past few months, even as mortgage rates have climbed higher and higher. So, what changed in October? The answer: a…