Market Intelligence · OR / Eugene

Eugene, OR 97408 Housing Market

The typical home in Eugene, OR 97408 is worth $608,768, up 1.3% over the past year. The median list price is $725,000 and homes spend a median of 50 days on market.

Updated September 2026Median value$609K

The median home value in Eugene, OR 97408 is $609K as of September 2026, up 1.3% 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 97408 range

$560K to $657K

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

+1.3% over 12 months

Sep 2025$601K

Low $601KHigh $609K

Sep 2026$609K

The numbers

What is the 97408 housing market like?

As of September 2026

Typical home value

$609K

1.3%YoY

Median list price

$725K

1.0%MoM

Days on market

2.0%MoM

Homes for sale

8.1%MoM

Price cuts

33.3%

27.4%MoM

New listings

25.0%MoM

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

The outlook

97408 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97408 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 97408 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 97408?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97408 to stay roughly flat by September 2027 (up 0.2%), after a 1.3% 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 97408 home prices compare?

97408$608,768
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 are 40 homes for sale in Eugene, OR 97408, and 20 new listings have come on. With a median of 50 days on market, homes here take time to move. That gap between the median list price of $725,000 and the typical home value of $608,768 suggests asking prices run above where the market is actually landing. For sellers, patience and realistic pricing matter more than testing a high number.

Monthly payment

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Home price

Down payment20% · $121,754

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Common questions

What people ask us.

How much is a home in 97408 worth?

The typical home in 97408 is worth $608,768, up 1.3% over the past year. Note that the median list price is $725,000, so sellers may be asking above typical values.

How long does it take to sell a home in 97408?

Homes in 97408 spend a median of 50 days on market. That timeline reflects a market where buyers are taking their time.

How much competition do sellers face in 97408?

There are 40 homes for sale in 97408, with 20 new listings. Sellers face meaningful competition and need to price carefully.

Discover

Nearby ZIP markets.

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