Is Lane County, 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, Lane County has remained a Seller's Market.
Key Takeaway
Lane County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lane County, OR
How much do homes in Lane County, OR cost?
Median Sold Price
$452,546
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Lane County has remained the same since last year.
Summary: The median home sold price in Lane County was $452,546 in April 2024, up 0.3% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $272.5K | -8.9% |
| 2 Bedrooms | $329K | $349.7K | +6.3% |
| 3 Bedrooms | $439.9K | $438.5K | -0.3% |
| 4 Bedrooms | $553.8K | $550.9K | -0.5% |
| 5+ Bedrooms | $640K | $685K | +7.0% |
Summary: Lane County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Counties
| Linn County | $395.6K | $400K | +1.1% |
| Lane County | $450.9K | $452.5K | 0.3% |
| Douglas County | $346.3K | $340.3K | -1.7% |
Housing Supply in Lane County, OR
How many homes are available in Lane County, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,053 | 1,114 | +5.8% |
Summary: The Lane County real estate market had 1,114 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 13 | -13.3% |
| 2 Bedrooms | 163 | 183 | +12.3% |
| 3 Bedrooms | 560 | 598 | +6.8% |
| 4 Bedrooms | 253 | 254 | 0.4% |
| 5+ Bedrooms | 62 | 66 | +6.5% |
Summary: The Lane County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 273 | 227 | -16.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lane County, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 227 homes were sold or pending in Lane County in April 2024, down by 16.8% month-over-month. Of the 227 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market for Lane County, OR
How long does it take to sell a home in Lane County, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +24.5% |
Summary: Homes in Lane County had an average of 41 days on market in Apr 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lane County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 227 homes were sold in Lane County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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