Home Values

Eugene Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$212,500

  • 3.7% 1-year change
  • 2.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Eugene Metro is $212,500. Eugene Metro home values have gone up 3.7% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Eugene Metro is $148, which is lower than the Oregon average of $157. The median price of homes currently listed in Eugene Metro is $227,550 while the median price of homes that sold is $216,100. The median rent price in Eugene Metro is $895, which is lower than the Oregon median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Eugene Metro 5.7 homes are foreclosed (per 10,000). This is lower than the Oregon value of 5.8 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Eugene Metro is 6.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Eugene Metro homeowners underwater on their mortgage is 16.1%, which is higher than Oregon at 14.2%.

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Relative ZHVI
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Eugene Metro Market Overview

Data through Dec 31, 2014
  • $212,500 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $227,550 Median listing price
  • $216,100 Median sale price
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Eugene Metro Market Health

Data through Dec 31, 2014
  • 4.6/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 108 Average days on Zillow (Nov 30, 2014)
  • 16.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.7 homes Eugene Metro
5.8 homes Oregon
4 homes United States
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Cities in Eugene Metro

Name Median ZHVI
Eugene $237,700
Junction City $220,500
Creswell $209,100
Name Median ZHVI
Florence $188,300
Veneta $188,200
Springfield $179,400
Name Median ZHVI
Cottage Grove $160,700
Oakridge $116,500
 

Listings & Sales

Data through Dec 31, 2014
  • $148 Median list price / sq ft
  • $143 Median sale price / sq ft
  • 13.9% Listings with price cut
23.5%
Sold below listing
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Eugene Metro Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,219 Eugene Metro
    $1,404 Oregon
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $895 Rent list price
  • $0.92 Rent list price / sq ft
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