Eugene, Oregon Real Estate Market Update
In the interest of providing you with accurate, up-to-date and unbiased information on the real estate market in Eugene, Oregon, here are some vital statistics taken from the real estate aggregating website Trulia:
- Average Listing Price (week ending 10.26.2011): $288,777, down 0.3% ($821) compared to the prior week
- Median Sales Price: $204,950 down 4.7% ($10,050), based on 388 home sales from July to Sept., 2011
- Average Price Per Square Foot: $152, down 3.2% compared to the same period last year
- Number of Sales: 388, +3.5%
Definitions
These dollar amounts and percentages might seem self-evident, but just to be clear, here’s a paraphrasing Trulia’s definition of these terms:
Average Listing Price
This is based on daily average prices for the most recent week on new and resale houses listed on Trulia, which says it updates these prices weekly.
Median Sales Price
This is the median residential sales price for the latest 90-day period for which sales are available to the public. It is the price at which 50% of the homes sold for more than the median price and 50% of the homes sold for less than the median price. Median sale price is restructured each week as fresh sales data is released.
Average Price per Square Foot
This is determined using sales from the most recent 90-day period and kept up-to-date weekly from the latest transaction data available via public record sources.
Perspective Is Reality
In order to put the above numbers into the proper perspective, you need to compare them with the numbers for some of the other cities near Eugene. Once again, we turn to the real estate website Trulia for these figures (for more details, click on the city):
| Nearby City | Median Sales Price | Average Listing Price |
| Springfield | $153,800 | $246,292 |
| Coburg | $109,250 | $183,776 |
| Creswell | $149,900 | $246,329 |
| Junction City | $149,450 | $262,548 |
| Harrisburg | $124,900 | $218,964 |
What Do All These Stats Mean To Me?
If you are or think you might soon be buying or selling a home in Eugene, use these facts and figures as a base on which to make well-informed decisions about property transactions. Information is power, after all, and empowerment gives you confidence.
And when it comes to the amount of time, money and, let’s face it, emotion involved in home sales transactions, regardless of whether you’re the buyer or the seller, you want all the power and confidence you can get.
