How is the real estate market now?

The real estate market in Lane County, Oregon, has certainly been dynamic. After a period of rapid appreciation in 2020-2022, fueled by historically low interest rates, we’ve seen a shift towards a more balanced market in 2024 and mid-2025.

Current Snapshot (June 2025 data):

• Median Sold Price: The median home sold price in Lane County reached approximately $464,621, marking a modest 2.0% increase year-over-year. In Eugene specifically, the median sold price was $490,000, up 1.7%.
• Days on Market: Homes are taking slightly longer to sell than the frenzied pace of previous years. The average days on market in Lane County was 40 days, up from 35 days last year. In Eugene, it was 37 days, up from 30 days.
• Inventory: Lane County saw 1,560 homes for sale in June 2025, a slight increase from the previous month. More active listings compared to two years ago offer buyers more choice, but overall inventory still remains below historical norms.
• Seller’s Market Still: Despite increased inventory and higher interest rates influencing affordability, Lane County remains largely a seller’s market, meaning there are still more buyers than available homes, which helps to sustain prices.
• Negotiation: While 25% of homes in Lane County sold over asking price in June, 43% sold under asking, indicating that strategic pricing and negotiation are crucial.

This market environment means that buyers are facing ongoing affordability challenges due to elevated interest rates, but also have more options and potential negotiation leverage compared to recent years. Sellers, while still benefiting from a seller’s market, need to price their homes competitively and ensure they are well-prepared to stand out.

Call to Action: Navigating the current Lane County real estate market requires nuanced understanding and local expertise. At Better Homes and Gardens Real Estate Equinox, our experienced team closely monitors these trends, hyper-local inventory, and pricing dynamics across Eugene, Springfield, Cottage Grove, and beyond. Whether you’re considering buying your first home, selling your property for the best value, or exploring investment opportunities in this evolving market, don’t go it alone. Contact our knowledgeable team today for a personalized market analysis and expert guidance tailored to your unique real estate goals in Lane County.