Deschutes County, OR

Deschutes County, OR Real Estate Market

• Overview

  In July 2025, the Deschutes County housing market showed modest year-over-year growth, with median home prices rising 0.7% to $679K. While homes are still selling relatively quickly, the average days on market edged up to 39 from 35 last year, suggesting slightly less urgency among buyers. Sales volume also dipped, with 374 homes sold compared to 396 a year ago, indicating that while demand remains steady, buyers may be taking more time to evaluate options. For sellers, this means competitive pricing and strategic marketing are key to attracting offers, while buyers may find a bit more negotiating room than in the recent past.

• Competitiveness

  In July 2025, homes in Deschutes County, OR sold for an average of 1.15% below the asking price, reflecting a market that still favors sellers but with signs of softening compared to peak competitive periods. This slight gap between list and sale prices suggests that while well-priced homes in desirable areas can still attract strong offers, buyers have a bit more leverage to negotiate on price, request concessions, or include favorable terms. For sellers, it highlights the importance of accurate pricing from the outset to avoid extended time on the market, while buyers can view this as an opportunity to secure a home at a modest discount without the pressure of aggressive bidding wars.

• More Insights

  In July 2025, Deschutes County, OR is considered a balanced market, meaning the number of homes available for sale is roughly in line with the level of buyer demand. In this type of market, neither buyers nor sellers hold a clear advantage—homes tend to sell at prices close to their fair market value, and negotiations are typically more straightforward. For sellers, this means realistic pricing and strong property presentation are key to attracting offers, while buyers can expect a reasonable selection of homes without the intense competition seen in a strong seller’s market. This equilibrium often creates a healthier, more sustainable real estate environment for both sides.