Market Intelligence · OR / Eugene

Eugene, OR 97401 Housing Market

The typical home value in Eugene, OR 97401 is $512,218, up 0.9% over the past year as of September 2026. The median list price is $545,750, and homes spend a median of 63 days on the market.

Updated September 2026Median value$512K

The median home value in Eugene, OR 97401 is $512K as of September 2026, up 0.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97401 range

$471K to $553K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.9% over 12 months

Sep 2025$507K

Low $507KHigh $514K

Sep 2026$512K

The numbers

What is the 97401 housing market like?

As of September 2026

Typical home value

$512K

0.9%YoY

Median list price

$546K

7.3%MoM

Days on market

8.6%MoM

Homes for sale

4.2%MoM

Price cuts

32.3%

15.5%MoM

New listings

30.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

97401 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97401 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 97401 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 97401?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97401 to stay roughly flat by September 2027 (up 0.2%), after a 0.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97401 home prices compare?

97401$512,218
Eugene$519,281
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Eugene: 6 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

There were 74 homes for sale in 97401 as of September 2026, with 28 new listings added that month. The median list price of $545,750 sits above the typical home value of $512,218, and typical values are up 0.9% over the past year. Homes are taking a median of 63 days to sell, and 32.3% of listings have had a price cut. For a seller, the takeaway is that buyers here are patient and negotiable, so realistic pricing from day one matters more than testing the market high.

Monthly payment

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Down payment20% · $102,444

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Common questions

What people ask us.

How much is a home in 97401 worth?

The typical home value in Eugene, OR 97401 is $512,218, up 0.9% over the past year as of September 2026. The median list price for homes on the market is $545,750.

How long does it take to sell a home in 97401?

Homes in 97401 spend a median of 63 days on the market as of September 2026. That pace suggests buyers have time to compare options before making an offer.

Are sellers cutting prices in 97401?

As of September 2026, 32.3% of listings in 97401 had a price cut. There were 74 homes for sale that month, including 28 new listings.

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