Eugene, OR Housing Market Report

The Eugene-Springfield real estate market enters the close of 2025 in a state of balanced stabilization. While the median home value of $461,397 reflects a marginal year-over-year decline of 0.36%, the market has shown consistent month-over-month growth since July. This suggests that the local housing sector has found its floor and is beginning a modest recovery. With a sale-to-list ratio of exactly 1, properties are generally selling for their asking price, indicating a high level of pricing accuracy among sellers and a lack of the aggressive bidding wars seen in previous years.

Inventory levels remain a primary concern for the region, with active listings down 12.69% compared to last year. This scarcity of available homes is likely preventing a more significant drop in prices despite higher interest rates. Homes are moving slightly faster than they were a year ago, with a median of 64 days on market, down four days from the previous December. This combination of low inventory and steady demand creates a competitive environment that slightly leans in favor of sellers, though buyers currently have more leverage to negotiate than they did during the pandemic-era boom.

Looking ahead, the rental market continues to exert pressure on local housing dynamics, with median rents rising 4.73% to $1,947. This upward trend in rental costs may push more long-term residents toward homeownership as a means of stabilizing their monthly housing expenses. For sellers, the current climate rewards those who list well-maintained properties at market value. For buyers, the stabilization of prices over the last six months provides a more predictable entry point, though they must remain decisive given the shrinking pool of active inventory.