Oregon

Local Housing Market · Zillow ZHVI · September 2026

$492,753

Typical Home Value

▲ 0.0% YoY ▲ 0.11% MoM

7.40%

30Y Mortgage Rate

PMMS · Oct 15, 2026

121bps

YoY Rate Change

▲ Higher than 1yr ago

230bps

30Y/10Y Spread

Norm ~170bps

🏘 Oregon Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$492,753

▲ 0.0% YoY

Month-over-Month

▲ 0.11% MoM

September 2026

Data Period

September 2026

Updated monthly

Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

7.40%

PMMS · Oct 15, 2026

15Y Fixed

6.71%

PMMS · Oct 15, 2026

1yr Ago 30Y

6.19%

▲ Rates higher now

30Y/10Y Spread

230bps

Normal · 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 · September 2026

• Inventory is up 6.9% YoY and listing prices are softening 3.3% YoY with 28.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 72 days — a slower market. Pending ratio is 0.3 — moderate demand, purchase timelines are manageable.

• New listings are roughly flat 1.8% YoY. Seller activity is stable.

Median Listing Price

$550,000

▼ 3.3% YoY

Median Days on Market

72d

0d YoY

Active Listings

18,535

▲ 6.9% YoY

New Listings

4,712

▼ 1.8% YoY

Price Reduced Share

28.2%

of active listings

Pending Ratio

0.3

pending ÷ active

Realtor.com Research · State-level inventory data · Updated monthly

Hottest Markets in Oregon

REALTOR.COM

Top metros by national hotness rank (supply + demand composite) · September 2026

Eugene-Springfield

▼ COOLING

National rank #192

Median Price

$550,000

Median DOM

58d

Demand score 28/100

Medford

▼ COOLING

National rank #236

Median Price

$540,000

Median DOM

61d

Demand score 17/100

Salem

▼ COOLING

National rank #249

Median Price

$525,000

Median DOM

59d

Demand score 5/100

Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply