Oregon
Local Housing Market · Zillow ZHVI · May 2026
$502,934
Typical Home Value
▼ 0.6% YoY ▼ 0.32% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Oregon Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$502,934
▼ 0.6% YoY
Month-over-Month
▼ 0.32% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Oregon
Market Indicators
REALTOR.COM🏦 LO Market Signal · June 2026
• Inventory is up 7.3% YoY and listing prices are softening 2.6% YoY with 23.5% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 57 days — a slower market. Pending ratio is 0.38 — moderate demand, purchase timelines are manageable.
• New listings are increasing 2.6% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$565,000
▼ 2.6% YoY
Median Days on Market
57d
0d YoY
Active Listings
17,324
▲ 7.3% YoY
New Listings
6,464
▲ 2.6% YoY
Price Reduced Share
23.5%
of active listings
Pending Ratio
0.38
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Oregon
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · June 2026
Eugene-Springfield
▼ COOLING
National rank #153
Median Price
$539,000
Median DOM
43d
Demand score 32/100
Medford
▼ COOLING
National rank #221
Median Price
$525,000
Median DOM
51d
Demand score 21/100
Salem
▼ COOLING
National rank #225
Median Price
$529,000
Median DOM
49d
Demand score 12/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply