Is Eugene, OR 97401 a buyer’s or seller’s market?

The Eugene housing market right now

In the three months ending August 31, 2026, 31% of homes in Eugene, OR 97401 sold above their list price, the typical home went under contract in 16 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 111 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold faster (19 days then) and the median sale price fell 4% to $506,781. Overall, Eugene is more competitive than a year ago, so tougher for buyers.

Within Lane County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, Eugene ranks #23 of 170 OR ZIP codes with enough sales (score 71 out of 100).

Nearby, buyers who want less competition could look at Westlake 97493 (0% sold over asking) or Westfir 97492 (0% sold over asking), while Blachly 97412 (100% sold over asking) and Elmira 97437 (50% sold over asking) are even more competitive.