Is Eugene, OR 97408 a buyer’s or seller’s market?

The Eugene housing market right now

In the three months ending August 31, 2026, 18% of homes in Eugene, OR 97408 sold above their list price, the typical home went under contract in 27 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 52 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (23 days then) and the median sale price rose 12% to $794,656. Overall, Eugene is less competitive than a year ago, which gives buyers more room.

Within Lane County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Eugene ranks #64 of 170 OR ZIP codes with enough sales (score 56 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.