Markets › Oregon
Oregon housing market
In the Beaver State, part of the Census Bureau's Pacific division, Pecan Street tracks five markets. Median sale prices run from $451K in Medford to $673K in Bend as of Sep 2026. Three of five are higher than a year earlier and two are lower; Medford leads at +3.9% and Bend trails at -0.2%.
Homes sit longest in Bend (86 median days on market) and sell fastest in Eugene (63 days). The share of active listings with a price cut runs from 30% in Bend to 57% in Eugene. Price-to-rent ratios run from about 16 in Salem to 21 in Bend, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Eugene metro has the 5th-highest share of listings with a price cut and the Bend metro the 7th-most median days on market. Oregon's unemployment rate was 5.1% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Bend | $673K | -0.2% | 86 | 30% | ≈ 21 |
| Eugene | $479K | +1.4% | 63 | 57% | ≈ 19 |
| Medford | $451K | +3.9% | 70 | 33% | ≈ 18 |
| Portland | $558K | -0.1% | 66 | 51% | ≈ 18 |
| Salem | $463K | +1.5% | 65 | 49% | ≈ 16 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.