Eugene & Springfield Real Estate Market Update – February 2025

🏡 Eugene & Springfield Real Estate Market Update – February 2025

If you’re thinking about buying or selling a home in Eugene or Springfield, it’s important to keep up with market trends. In this report, I’ll break down the latest data from February 2025 and compare it to last month and last year so you can make an informed decision!

Eugene Market Update – February 2025

📌 Median Home Price: $510,000 (+6.25% YoY)
📌 Days on Market: 37 days (faster than January’s 51 days)
📌 Sold Price/List Price Ratio: 100.59% (indicating slight competition)

💡 Key Takeaways for Eugene:
✔ Prices are rising – If you’re waiting for them to drop, this data suggests otherwise!
✔ Homes are selling faster as we move into the spring market.
✔ Well-priced homes are still getting strong offers.

📢 Thinking of selling? Price your home right—overpricing can cause delays.
📢 Looking to buy? Be prepared to act fast and get pre-approved!

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Springfield Market Update – February 2025

📌 Median Home Price: $430,000 (+6.57% MoM)
📌 Days on Market: 55 days (up from January’s 38 days)
📌 Sold Price/List Price Ratio: 100% (homes selling at asking price)

💡 Key Takeaways for Springfield:
✔ Home prices bounced back after January’s dip.
✔ Homes are taking longer to sell—sellers need to price strategically.
✔ Buyers may have more negotiation opportunities.

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What This Means for Buyers & Sellers

🏡 If You’re Selling:
✔ Price competitively—buyers are active, but overpricing leads to longer time on the market.
✔ Be patient in Springfield—homes are taking a little longer to sell.

🏡 If You’re Buying:
✔ Get pre-approved NOW—home prices are rising, and waiting could cost you more.
✔ Act quickly in Eugene—homes are selling faster than last month.
✔ Negotiate in Springfield—some sellers may be open to offers below asking.

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📅 What to Watch Next

📌 Spring and summer tend to be more competitive – If you’re thinking about buying, consider starting sooner rather than later.
📌 Interest rates may shift buyer demand – If rates drop, expect competition to pick up.

💬 Want a personalized market analysis? I’d love to help!
📩 Schedule a consultation here: https://calendly.com/bryncook