July 2023 Eugene Real Estate Market Report

Last Updated August 3, 2023

Over the summer, sale prices in Eugene have ping-ponged between a median of $450,000 and $480,000. We’re back up to $480,000, even with inventory increasing slightly and properties spending a bit longer on the market.

We’ve say this a lot, but here it is again: Eugene is still very much a low-inventory market. Plenty of buyers are willing and able to pay the premium to buy a home here, even with mortgage rates increasing as much as they have. Buyer activity is now on somewhat of an upward trend, while listing activity is on a downward trend, an indication that Eugene’s market is unlikely to become less competitive in the fall.