What is the typical home value in Eugene - OR?

The typical home in Eugene - OR, OR is worth $452,797 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.0%.

How long do homes stay on the market in Eugene - OR?

The median days to pending (time on market before a sale) in Eugene - OR is currently 19 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Eugene - OR?

31.0% of active listings in Eugene - OR have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Eugene - OR?

The price-to-rent ratio in Eugene - OR is 21.3x (typical home value divided by a year of typical rent), which puts it in renting territory on the Rent vs Buy Index. Typical rent is $1,771 a month versus a principal-and-interest mortgage payment of about $2,508 on the typical home at 7.4% with 20% down.

What income do you need to buy a home in Eugene - OR?

About $131,700 a year in household income, assuming 20% down ($90,559), a 30-year fixed mortgage at 7.4%, property tax and insurance, and a 28% payment-to-income cap. The monthly payment works out to about $3,074.

Is Eugene - OR a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Eugene - OR is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

OR · Metro #146

Eugene - OR housing market

The Eugene metro has a typical home value of $452,797, up 1.0% from a year ago. Homes are moving fast at 19 days on market, a strong seller's market. 31% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value

$452,797

+1.0% vs. year ago

Median sale price

$452,960

-1.0% YoY

Median list price

$516,633

Sale-to-list ratio

99.6%

Selling below ask

Days on market

19d

Listings w/ price cut

31.0%

New listings / mo

373

+5.7% YoY

Homes for sale

1,249

+1.8% YoY

Typical rent

$1,771/mo

+2.5% YoY

Income needed to buy

$131,700

$3,074/mo · #156 of 195

Rent vs buy

21.3x

Renting territory · #33 of 195

October 2026 report · Zillow data through September 2026

Eugene housing market, October 2026

The typical Eugene home is worth $452,797 as of September 2026, up 0.2% from the prior month, up 0.5% over three months, and up 1.0% from a year ago. Over the past two years values have ranged from $447,886 to $453,322.

Homes are going pending in about 19 days, slower than the 11 days seen three months earlier. There are roughly 1,249 homes for sale, 2% more than a year ago. 31.0% of listings have taken a price cut (up from 23.9% three months ago).

Typical rent is $1,771 a month, up 2.5% year over year, which puts the price-to-rent ratio at 21.3.

At this week's 7.40% mortgage rate with 20% down ($90,559), the typical Eugene home costs about $3,074 a month including tax and insurance, which needs a household income of roughly $131,700 to stay under a 28% payment-to-income ratio.

Typical home value, 24 months

Days to pending, 24 months

Homes for sale, 24 months

Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →

Context

How to read this data

The typical home value ($452,797) is the Zillow Home Value Index for the Eugene - OR metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.0% over the past year. In Eugene - OR, that means a home worth $448,314 last year is now worth roughly $452,797.

The median sale price, what homes actually close for, is $452,960. Homes are selling at 99.6% of list price, meaning buyers have room to negotiate.

Homes listed in Eugene - OR sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.

About 31.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 373 new listings hit the market each month in Eugene - OR. There are currently 1,249 homes for sale, up 1.8% from a year ago.

The typical monthly rent in Eugene - OR is $1,771, up 2.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 21.3x, renting territory (#33 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,508 a month in principal and interest, $737 more than renting before taxes, insurance and upkeep. The two break even at a 4.20% rate.