Is Lane County, 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, 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
$451,596
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 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 $451,596 in May 2024, up 0.3% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $272.7K | -10.6% |
| 2 Bedrooms | $325K | $350K | +7.7% |
| 3 Bedrooms | $438.6K | $439.8K | 0.3% |
| 4 Bedrooms | $554K | $559.9K | +1.1% |
| 5+ Bedrooms | $651K | $647.5K | -0.5% |
Summary: Lane County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Benton County | $515K | $560K | +8.7% |
| Linn County | $394.7K | $408K | +3.4% |
| Lane County | $450.3K | $451.5K | 0.3% |
| Douglas County | $345.5K | $340K | -1.6% |
Housing Supply in Lane County, OR
How many homes are available in Lane County, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,198 | 1,356 | +13.2% |
Summary: The Lane County real estate market had 1,356 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 19 | +35.7% |
| 2 Bedrooms | 198 | 218 | +10.1% |
| 3 Bedrooms | 639 | 721 | +12.8% |
| 4 Bedrooms | 280 | 309 | +10.4% |
| 5+ Bedrooms | 67 | 89 | +32.8% |
Summary: The Lane County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 32.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 237 | 283 | +19.4% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
97 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lane County, you may be able to get a good deal. 40.3% of homes here sold below asking price last month.
Summary: A total of 283 homes were sold or pending in Lane County in May 2024, up by 19.4% month-over-month. Of the 283 sold homes, 40% were sold under asking, 25% were sold at asking, and 34% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +11.2% |
Summary: Homes in Lane County had an average of 34 days on market in May 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
197 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
32 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 May 2024, 283 homes were sold in Lane County; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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