Is Eugene-Springfield, 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-Springfield has remained a Seller's Market.
Housing Prices in Eugene-Springfield, OR
How much do homes in Eugene-Springfield, OR cost?
Median Sold Price
$451,680
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eugene-Springfield was $451,680 in April 2024, up 0.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $272.5K | -5.2% |
2 Bedrooms | $325K | $341.7K | +5.2% |
3 Bedrooms | $440K | $438.6K | -0.3% |
4 Bedrooms | $553.1K | $560K | +1.2% |
5+ Bedrooms | $645K | $658.3K | +2.1% |
Summary: Eugene-Springfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Pleasant Hill | $607.5K | $745K | +22.6% |
Springfield | $400K | $420.2K | +5.1% |
Eugene | $475.2K | $484.4K | +1.9% |
Eugene-Springfield | $451K | $451.6K | 0.1% |
Housing Supply in Eugene-Springfield, OR
How many homes are available in Eugene-Springfield, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
648 | 676 | +4.3% |
Summary: The Eugene-Springfield real estate market had 676 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 105 | 120 | +14.3% |
3 Bedrooms | 342 | 365 | +6.7% |
4 Bedrooms | 154 | 147 | -4.5% |
5+ Bedrooms | 38 | 37 | -2.6% |
Summary: The Eugene-Springfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
190 | 164 | -13.7% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Summary: A total of 164 homes were sold or pending in Eugene-Springfield in April 2024, down by 13.7% month-over-month. Of the 164 sold homes, 34% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for Eugene-Springfield, OR
How long does it take to sell a home in Eugene-Springfield, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 30 Days | -1.7% |
Summary: Homes in Eugene-Springfield had an average of 30 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 164 homes were sold in Eugene-Springfield; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.