Is Lane County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lane County has remained a Seller's Market.
Housing Prices in Lane County, OR
How much do homes in Lane County, OR cost?
Median Sold Price
$452,546
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lane County was $452,546 in April 2024, up 0.3% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $272.5K | -8.9% |
2 Bedrooms | $329K | $349.7K | +6.3% |
3 Bedrooms | $439.9K | $438.5K | -0.3% |
4 Bedrooms | $553.8K | $550.9K | -0.5% |
5+ Bedrooms | $640K | $685K | +7.0% |
Summary: Lane County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Counties
Linn County | $395.6K | $400K | +1.1% |
Lane County | $450.9K | $452.5K | 0.3% |
Douglas County | $346.3K | $340.3K | -1.7% |
Housing Supply in Lane County, OR
How many homes are available in Lane County, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,053 | 1,114 | +5.8% |
Summary: The Lane County real estate market had 1,114 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 13 | -13.3% |
2 Bedrooms | 163 | 183 | +12.3% |
3 Bedrooms | 560 | 598 | +6.8% |
4 Bedrooms | 253 | 254 | 0.4% |
5+ Bedrooms | 62 | 66 | +6.5% |
Summary: The Lane County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
273 | 227 | -16.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Summary: A total of 227 homes were sold or pending in Lane County in April 2024, down by 16.8% month-over-month. Of the 227 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market for Lane County, OR
How long does it take to sell a home in Lane County, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 41 Days | +24.5% |
Summary: Homes in Lane County had an average of 41 days on market in Apr 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During April 2024, 227 homes were sold in Lane County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.