$8,311 Closing Credit*
$699,900
2,668 SqFt
3 Beds
•2 Full Baths
Tyler Head, Listing Office: Turning Point Realty Group
Is Eugene, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$478,906
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$823(+0.2%)
Key Takeaway
The sold price of homes in Eugene has remained the same since last year.
Summary: The median home sold price in Eugene was $478,906 in October 2024, up 0.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266.4K | $311K | +16.7% |
| 2 Bedrooms | $345K | $356K | +3.2% |
| 3 Bedrooms | $456.6K | $460.1K | +0.8% |
| 4 Bedrooms | $600.7K | $609K | +1.4% |
| 5+ Bedrooms | $700K | $700K | 0.0% |
Summary: Eugene housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Springfield | $415K | $425K | +2.4% |
| Eugene | $478K | $478.9K | 0.2% |
| Eugene-Springfield | $450K | $449.9K | 0% |
Housing Supply in Eugene, OR
How many homes are available in Eugene, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 687 | 694 | +1.0% |
Summary: The Eugene real estate market had 694 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 7 | -36.4% |
| 2 Bedrooms | 98 | 101 | +3.1% |
| 3 Bedrooms | 322 | 333 | +3.4% |
| 4 Bedrooms | 204 | 197 | -3.4% |
| 5+ Bedrooms | 52 | 56 | +7.7% |
Summary: The Eugene housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 131 | -7.1% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 131 homes were sold or pending in Eugene in October 2024, down by 7.1% month-over-month. Of the 131 sold homes, 39% were sold under asking, 29% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 38 Days | +13.7% |
Summary: Homes in Eugene had an average of 38 days on market in Oct 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
16 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 October 2024, 131 homes were sold in Eugene; 51% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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