Is Eugene-Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Eugene-Springfield has remained a Seller's Market.
Key Takeaway
Eugene-Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eugene-Springfield, OR
How much do homes in Eugene-Springfield, OR cost?
Median Sold Price
$450,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Eugene-Springfield has remained the same since last year.
Summary: The median home sold price in Eugene-Springfield was $450,000 in May 2024, down 0.1% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $272.5K | -9.2% |
| 2 Bedrooms | $325K | $340K | +4.6% |
| 3 Bedrooms | $439.5K | $439.7K | 0.1% |
| 4 Bedrooms | $555.8K | $564K | +1.5% |
| 5+ Bedrooms | $653K | $628.2K | -3.8% |
Summary: Eugene-Springfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Pleasant Hill | $607.5K | $745K | +22.6% |
| Springfield | $400K | $420.7K | +5.2% |
| Eugene | $478K | $480K | 0.4% |
| Eugene-Springfield | $450.6K | $450K | -0.1% |
Housing Supply in Eugene-Springfield, OR
How many homes are available in Eugene-Springfield, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 728 | 829 | +13.9% |
Summary: The Eugene-Springfield real estate market had 829 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 128 | 130 | +1.6% |
| 3 Bedrooms | 391 | 453 | +15.9% |
| 4 Bedrooms | 164 | 184 | +12.2% |
| 5+ Bedrooms | 37 | 50 | +35.1% |
Summary: The Eugene-Springfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 35.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 195 | +12.1% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
76 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene-Springfield, you could pay more than the asking price. 39% of homes here sold above asking price last month.
Summary: A total of 195 homes were sold or pending in Eugene-Springfield in May 2024, up by 12.1% month-over-month. Of the 195 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +8.1% |
Summary: Homes in Eugene-Springfield had an average of 24 days on market in May 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
145 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eugene-Springfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 195 homes were sold in Eugene-Springfield; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.