Is Lane County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lane County is a seller's market

Buyer's
Market

Difference Since October 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

$455,453

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,839(+1.1%)

Key Takeaway

Homes in Lane County have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Lane County was $455,453 in October 2024, up 1.1% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260.4K$285.7K
+9.7%
2 $334.8K$350K
+4.5%
3 $439.8K$442.2K
+0.6%
4 $559.9K$560.2K
0.1%
5+ $675K$647.5K
-4.1%

Summary: Lane County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Counties

Linn County
+5.4%
Douglas County
+2.4%
Lane County
+1.1%

Housing Supply in Lane County, OR

How many homes are available in Lane County, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,4091,4140.4%

Summary: The Lane County real estate market had 1,414 homes for sale in October 2024, a 0.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2217
-22.7%
2 201198
-1.5%
3 728726
-0.3%
4 358363
+1.4%
5+ 100110
+10.0%

Summary: The Lane County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
276264-4.3%

Asking Price vs. Sold Price

101 Homes Were Sold
Under Asking

80 Homes Were Sold
At Asking

83 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lane County, you may be able to get a good deal. 38.3% of homes here sold below asking price last month.

Summary: A total of 264 homes were sold or pending in Lane County in October 2024, down by 4.3% month-over-month. Of the 264 sold homes, 38% were sold under asking, 30% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
34 Days47 Days+36.4%

Summary: Homes in Lane County had an average of 47 days on market in Oct 2024, up by 36.4% compared to last year.

Breakdown of Home Sale Times

126 Homes Were Sold
Under 30 Days

92 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lane County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 264 homes were sold in Lane County; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lane County, OR

Nearby Markets to Lane County, OR

What housing markets are near Lane County, OR?