September 2023 Eugene Real Estate Market Report

Last Updated October 3, 2023

In September, Eugene’s market climbed above 2 months of inventory for the first time in at least the past several years. It’s probably a bit easier to find a home here than it has been in the past while, but it really depends on what you’re looking for and where you’re looking.

Homes are still scarce in the Friendly and Amazon/South University neighborhoods, for example, with a total of only 9 properties currently on the market. Choices are much more plentiful, though in North and Southwest Eugene.

Wherever you’re looking, prices haven’t really shifted all that much, hovering around a median of $460,000. That’s down a bit from the highs that we saw over the summer, but in general, that’s to be expected as Eugene’s busier buying season winds down. Eugene’s market continues to be remarkably stable, even as Oregon’s average 30-year fixed mortgage rates climb above 8%.