Is Eugene, OR 97404 a buyer’s or seller’s market?
Eugene is a seller’s market. With about 1.4 months of supply and 28% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 78% of U.S. ZIP codes, and #19 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Eugene housing market right now
In the three months ending August 31, 2026, 28% of homes in Eugene, OR 97404 sold above their list price, the typical home went under contract in 16 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 135 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (28% then), homes sold faster (20 days then) and the median sale price rose 6% to $467,298. Overall, Eugene is about as competitive as it was a year ago.
Within Lane County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Eugene ranks #19 of 170 OR ZIP codes with enough sales (score 74 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.
Run the numbers for 97404
Nearby markets
Blachly 97412 $268 /sq ftBlue River 97413Balanced $312 /sq ftCheshire 97419Seller’s market $255 /sq ftCottage Grove 97424Seller’s market $275 /sq ft Browse all markets →Towns like Eugene nearby
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Questions about Eugene real estate
Is Eugene a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Eugene, OR 97404 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Eugene?
The typical home went under contract in 16 days in the latest three months.
Do homes in Eugene sell over asking?
28% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Eugene?
About 0.82% of a home’s value a year in Lane County, or roughly $3,280 on a $400,000 home.
What is the median home price in Eugene?
The median sale price was $467,298 in the three months ending August 31, 2026, about $294 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology