Is Eugene, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eugene has remained a Seller's Market.
Key Takeaway
Eugene is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eugene, OR
How much do homes in Eugene, OR cost?
Median Sold Price
$484,451
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eugene have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Eugene was $484,451 in April 2024, up 1.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | $275K | -8.2% |
| 2 Bedrooms | $325K | $365K | +12.3% |
| 3 Bedrooms | $459.5K | $457.5K | -0.4% |
| 4 Bedrooms | $595.6K | $610K | +2.4% |
| 5+ Bedrooms | $707K | $705K | -0.3% |
Summary: Eugene housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Springfield | $400K | $420.2K | +5.1% |
| Eugene | $475.2K | $484.4K | +1.9% |
| Eugene-Springfield | $451K | $451.6K | 0.1% |
Housing Supply in Eugene, OR
How many homes are available in Eugene, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 500 | 531 | +6.2% |
Summary: The Eugene real estate market had 531 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 88 | 100 | +13.6% |
| 3 Bedrooms | 250 | 261 | +4.4% |
| 4 Bedrooms | 120 | 128 | +6.7% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Eugene housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 136 | -1.4% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 136 homes were sold or pending in Eugene in April 2024, down by 1.4% month-over-month. Of the 136 sold homes, 35% were sold under asking, 18% were sold at asking, and 46% were sold over asking.
Days on Market for Eugene, OR
How long does it take to sell a home in Eugene, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +11.1% |
Summary: Homes in Eugene had an average of 34 days on market in Apr 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eugene are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 136 homes were sold in Eugene; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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