$8,311 Closing Credit*
$699,900
2,668 SqFt
3 Beds
•2 Full Baths
Tyler Head, Listing Office: Turning Point Realty Group
Is Eugene-Springfield, 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-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
$449,999
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$0(0%)
Key Takeaway
The sold price of homes in Eugene-Springfield has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $305K | +19.6% |
| 2 Bedrooms | $330K | $345K | +4.5% |
| 3 Bedrooms | $439.1K | $440K | 0.2% |
| 4 Bedrooms | $565K | $559.5K | -1.0% |
| 5+ Bedrooms | $651K | $650K | -0.2% |
Summary: Eugene-Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Springfield | $415K | $425K | +2.4% |
| Eugene | $478K | $478.9K | 0.2% |
| Eugene-Springfield | $450K | $449.9K | 0% |
| Pleasant Hill | $720K | $667.5K | -7.3% |
Housing Supply in Eugene-Springfield, OR
How many homes are available in Eugene-Springfield, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 871 | 887 | +1.8% |
Summary: The Eugene-Springfield real estate market had 887 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 119 | 124 | +4.2% |
| 3 Bedrooms | 437 | 449 | +2.7% |
| 4 Bedrooms | 245 | 242 | -1.2% |
| 5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The Eugene-Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 186 | 175 | -5.9% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eugene-Springfield, you could pay more than the asking price. 36% of homes here sold above asking price last month.
Summary: A total of 175 homes were sold or pending in Eugene-Springfield in October 2024, down by 5.9% month-over-month. Of the 175 sold homes, 35% were sold under asking, 29% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 37 Days | +28.6% |
Summary: Homes in Eugene-Springfield had an average of 37 days on market in Oct 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
20 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 October 2024, 175 homes were sold in Eugene-Springfield; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% 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.