Eugene, Coastal & Southern Oregon

(Lane, Tillamook, and Douglas)

In Q4, the Eugene, Coastal, and Southern Oregon markets produced mixed results, an expected outcome of a transitional marketplace coupled with the usual cooling of sales over the holiday season. The average days on market were higher, closed units declined compared with Q4 last year and prices were up for the most part, as buyer demand remained strong for residential properties throughout the region.

Days On Market

Days on market climbed throughout the region, rising by triple-digit percentages in Sweet Home (a 186% yearover-year increase to an average of 63 days); Tillamook (a 164% year-over-year increase to an average of 66 days); and Netarts/Oceanside (a 150% year-over-year increase to an average of 55 days). Average days on market increased the least in Roseburg, where an average of 40 days represented a 33% gain from year-ago figures.

Closed Transactions

Throughout the region, closed units were lower than the same quarter last year, though they fell the least in Garibaldi, Albany, and Netarts/Oceanside. Garibaldi (3 closed units) missed the mark by 25% compared with year-ago figures; Albany (215 closed units) declined 26% from this time last year; and Netarts/Oceanside (14 closed units) dropped 27% year-over-year.

Average Sales Price

Average sales price declined in some cities and increased in others. For example, at $446,873, the average sales price in Albany jumped 11% from year-ago figures. Average sales price was also up 6% in Roseburg, finishing Q4 2022 at $386,473. In Eugene and Corvallis, average sales price was unchanged from the same.