Eugene Real Estate Market Report – March 2025

Eugene Real Estate Market Report – March 2025

Spring Awakens the Market, But Signs Point to Shift

As we enter the spring real estate season, the Eugene market is heating up—but not in the way you might expect. While activity is increasing compared to winter, March’s data reveals some subtle shifts in pricing and buyer behavior compared to February 2025 and March 2024.

Please note: All data presented in this report reflects sales activity for single-family homes within the Eugene city limits only. This does not include condominiums, townhomes, or properties outside the Eugene metro area.

Let’s dive into the numbers:

📊 Total Homes Sold

• March 2025: 123
• February 2025: 106
• March 2024: 126

More homes sold this month compared to February—typical of the spring cycle. However, we’re still trailing slightly behind last year’s numbers.

💰 Median Sale Price

• March 2025: $480,000
• February 2025: $516,000
• March 2024: $503,000

This is one of the most telling indicators this month. The median sale price dropped $36,000 from February and $23,000 year-over-year. This suggests a shift toward more affordable home sales and possibly greater price sensitivity among buyers.

📉 Average Sale Price

• March 2025: $555,712
• February 2025: $549,254
• March 2024: $562,480

While average prices ticked up slightly from February, they remain down compared to last year. The discrepancy between the average and median suggests that a few higher-end sales may have pulled the average up, even as the middle of the market shifted downward.

⏳ Median Days on Market

• March 2025: 17 days
• February 2025: 38 days
• March 2024: 16 days

Homes that are priced right are still moving quickly. The sharp drop in median DOM from February shows that serious buyers are out—and ready.

🤝 Sale-to-List Price Ratio

• March 2025: 98.22%
• February 2025: 99.54%
• March 2024: 99.77%

Buyers are negotiating more than they were in 2024 or even earlier this year. Sellers should pay close attention to pricing strategy and be ready to make concessions.

📝 What This Means for You

The March 2025 real estate market in Eugene shows signs of increased seasonal activity, but also reflects a rebalancing of pricing and buyer behavior. Buyers are negotiating more, favoring affordability, and taking more time to make decisions. For sellers, pricing strategically and understanding the shift in buyer mindset will be key as we move deeper into spring.

If you’re thinking about buying or selling in Eugene, I’m happy to help you navigate the market with insight and strategy.

Feel free to reach out!