Bend, OR

Bend, OR Real Estate Market

• Overview

  In April 2025, Bend’s housing market saw a notable 12.3% year-over-year increase in home prices, with the median sale price reaching $786,000. While home values have continued to climb, the pace of sales has slowed slightly—homes now average 29 days on the market compared to just 21 days last year. A total of 157 homes were sold in April, down from 174 during the same month in 2024, indicating a cooling in transaction volume despite rising prices.

• Competitiveness

  Bend remains a somewhat competitive market, with homes typically selling in about 33 days. While the average property sells for around 1% below the list price, well-priced and desirable homes can receive multiple offers and go pending in as little as 10 days, often at full asking price. Buyers should be prepared to move quickly on high-demand listings, especially in popular neighborhoods or for homes in turnkey condition.

• More Insights

  As of April 2025, Bend, OR is classified as a balanced housing market, indicating that the number of homes for sale is roughly in line with buyer demand. This equilibrium creates stable conditions where neither buyers nor sellers hold a strong advantage, leading to more predictable pricing, moderate competition, and a reasonable timeframe to make informed decisions.