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 November 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

$459,621

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,346(+2.1%)

Key Takeaway

Homes in Lane County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Lane County was $459,621 in November 2024, up 2.1% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $262.5K$286.5K
+9.1%
2 $335K$350K
+4.5%
3 $438.8K$445.4K
+1.5%
4 $558.7K$555.8K
-0.5%
5+ $670K$654.1K
-2.4%

Summary: Lane County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Counties

Linn County
+3.8%
Douglas County
+2.9%
Lane County
+2.1%

Housing Supply in Lane County, OR

How many homes are available in Lane County, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,4111,257-10.9%

Summary: The Lane County real estate market had 1,257 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1720
+17.6%
2 191179
-6.3%
3 739640
-13.4%
4 360326
-9.4%
5+ 10492
-11.5%

Summary: The Lane County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
291268-7.9%

Asking Price vs. Sold Price

126 Homes Were Sold
Under Asking

71 Homes Were Sold
At Asking

71 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. 47% of homes here sold below asking price last month.

Summary: A total of 268 homes were sold or pending in Lane County in November 2024, down by 7.9% month-over-month. Of the 268 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% 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

Nov 2023Nov 2024CHANGE
40 Days62 Days+53.9%

Summary: Homes in Lane County had an average of 62 days on market in Nov 2024, up by 53.9% compared to last year.

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

73 Homes Were Sold
In 30 - 90 Days

66 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 November 2024, 268 homes were sold in Lane County; 48% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 25% 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?