Eugene OR 97401 Real Estate Market Update: September 2026

If you are thinking about buying or selling a home in Eugene, Oregon, the 97401 real estate market continues to show some interesting differences from Eugene and Lane County overall.

September 2026 data shows a relatively tight supply of single-family homes in Eugene's 97401 ZIP code, while prices, days on market, and recent sales all point to a market where location and property type still matter significantly.

Here is a closer look at the latest Eugene OR 97401 housing market numbers and what they may mean for buyers and sellers.

Eugene 97401 Home Values and Listing Prices

The median estimated home value for properties in 97401 is approximately $549,000, compared with $493,000 for Eugene overall and $466,000 across Lane County.

Estimated home values in 97401 increased 1.4% over the previous 12 months, while Eugene overall increased just 0.1%. Lane County showed a slight 0.2% decline during the same period. 97401_Neighborhood

Current asking prices are also higher in 97401 than in the surrounding market. The median list price was approximately $618,000, compared with:

• $587,000 for Eugene
• $550,000 for Lane County
• $585,000 statewide in Oregon

The median list price in 97401 was up approximately 8% year over year. 97401_Neighborhood

That does not necessarily mean every home in 97401 is worth $600,000 or more. Property values vary considerably based on location, lot, condition, age, square footage, updates and other characteristics. But the numbers do show that 97401 remains one of Eugene's higher-value ZIP codes.

Is Eugene 97401 a Buyer's or Seller's Market?

For single-family residences, September data placed 97401 on the seller's-market side of the spectrum.

There were approximately 2.09 months of inventory, with homes selling for a median 99.5% of list price.

The median time on the market in RPR was just 15 days. 97401_Neighborhood

Those three numbers are important when evaluating the Eugene real estate market.

A little more than two months of inventory means buyers have choices, but supply remains limited enough that well-positioned homes can attract attention relatively quickly.

For sellers, that makes pricing strategy particularly important. Buyers have access to considerably more market information today and can quickly compare a new listing with other homes for sale in Eugene, Oregon.

Overpricing a property can still result in additional market time, even in a market with relatively low inventory.

Median Sold Price Reached $710,000 in September

The reported median sold price for single-family residences in 97401 was $710,000 in September 2026, up 31.6% from the previous month. 97401_Neighborhood

That is a significant month-to-month increase, but it is important not to interpret one month of median sales data as a 31.6% increase in the value of every home in the ZIP code.

Median price can change considerably depending upon which homes happened to close during a particular month.

For comparison, RPR's estimated median property value for 97401 single-family residences was $559,830, down 0.8% from the prior month but up 0.7% over 12 months. 97401_Neighborhood

Looking at multiple indicators provides a much clearer picture of the Eugene housing market than relying on a single month's median sales price.

What Price Ranges Are Selling in Eugene 97401?

Recent sales in 97401 occurred across a wide range of prices.

During the previous three months, the largest concentrations of reported sales were:

• $400,000 to $500,000: 23 homes
• $500,000 to $600,000: 21 homes
• $700,000 to $800,000: 13 homes
• $600,000 to $700,000: 10 homes
• $300,000 to $400,000: 9 homes

There were also 16 reported sales above $800,000, including eight between $800,000 and $900,000 and eight above $900,000. 97401_Neighborhood

That range is a good reminder that there isn't one single "97401 housing market." Different price points can experience different levels of competition and buyer demand.

Price Per Square Foot in 97401

The largest number of recently sold comparable homes fell between $300 and $400 per square foot.

RPR reported:

• 28 sales between $350 and $400 per square foot
• 22 between $300 and $350
• 18 between $250 and $300
• 11 between $200 and $250

A smaller number sold above $400 per square foot. 97401_Neighborhood

Price per square foot can be useful when comparing similar properties, but it should not be used by itself to determine a home's market value. Condition, renovations, lot characteristics, neighborhood, architecture and other features can cause substantial differences between properties.

What Types of Homes Are Selling?

The recent 97401 sales data shows considerable variety in home size.

The largest group included homes over 2,400 square feet, with 21 reported sales. There were also 15 sales of homes smaller than 1,200 square feet and significant activity throughout the ranges in between. 97401_Neighborhood

Three-bedroom homes dominated recent sales, accounting for 60 reported transactions in the data. Four-bedroom and two-bedroom homes each had 11 reported sales. 97401_Neighborhood

The age of homes sold also varied substantially, reflecting the mix of older and newer housing found throughout Eugene. Recent sales included properties more than 70 years old as well as homes built within the last decade. 97401_Neighborhood

97401 Compared With Other Eugene ZIP Codes

Home values vary considerably across Eugene.

RPR's nearby ZIP code estimates included:

97403: $694,100
97408: $686,190
97405: $561,500
97404: $457,740
97402: $408,740

The estimated value reported for nearby Springfield ZIP code 97477 was $416,430. 97401_Neighborhood

This is one reason searches for Eugene Oregon homes for sale are best evaluated neighborhood by neighborhood and ZIP code by ZIP code instead of relying only on citywide averages.

What Does the Eugene Housing Market Mean for Sellers?

For homeowners considering selling a property in 97401, low inventory and a median 15 days on market are encouraging indicators.

But a seller's market does not mean that every home automatically receives multiple offers or sells immediately.

Today's buyers can easily compare pricing, property condition and competing listings. Homes that are priced appropriately and presented well are generally in a better position to capture early buyer interest.

Before listing, a local market analysis should consider recent comparable sales, current competition, pending properties and the specific features of your home, rather than simply using the ZIP-code median.

What Does It Mean for Eugene Home Buyers?

Buyers looking for homes for sale in Eugene OR 97401 should be prepared for desirable properties to move relatively quickly.

At the same time, the data shows sales occurring throughout a broad range of prices. Buyers should avoid assuming that every property will sell immediately or substantially above asking price.

Understanding recent comparable sales and current inventory can help determine when a home's asking price is supported by the market and when there may be room for negotiation.

Looking for a Home in Eugene, Oregon?

Real estate is highly local, and even homes located a few blocks apart can perform differently.

Hybrid Real Estate is a locally owned Eugene real estate brokerage helping buyers and sellers throughout Eugene, Springfield and Lane County.

Whether you're researching Eugene homes for sale, considering selling your property, or simply wondering what your home may be worth in today's market, our agents can help you evaluate the numbers that apply specifically to your property or search.

Search Eugene homes for sale or connect with a Hybrid Real Estate Agent at HybridRealEstate.org.

Market statistics are based on Realtors Property Resource® data dated October 12, 2026. Estimated property values are generated by valuation models and are not formal appraisals. Market data and property information can change.