How hot is the real estate market near Eugene? Home prices rise over $391K

The median sales price for a single-family home in Lane County during January was $391,430. That’s an increase of 11.8% compared with January 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.

On a year-over-year basis, prices have been rising for 70 consecutive months. January prices are down from $413,000 the previous month.

The number of houses sold fell by 23% from a year earlier. A total of 255 houses were sold countywide during the month of January. During the same period a year earlier, 331 single-family homes were sold.

Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.

How hot is Lane County’s real estate market in Oregon?

Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.

In Lane County, the top 10% of the properties sold had prices of at least $665,000, up 13.7% from a year before.

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In January, nine properties sold for at least $1 million, consisting of seven single-family homes and two other properties.

The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards.

This article originally appeared on Register-Guard: Lane County’s average home price continues to increase year over year