Is Eugene, OR 97405 a buyer’s or seller’s market?

The Eugene housing market right now

In the three months ending August 31, 2026, 30% of homes in Eugene, OR 97405 sold above their list price, the typical home went under contract in 11 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 197 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold faster (17 days then) and the median sale price held steady to $549,762. Overall, Eugene is more competitive than a year ago, so tougher for buyers.

Within Lane County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Eugene ranks #15 of 170 OR ZIP codes with enough sales (score 75 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.