Enjoy Bend Life Real Estate | Stellar Realty

Bend, OR 97703

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com



Bend, OR 97703

Tue Sep 28 2021
This week the median list price for Bend, OR 97703 is $1,297,000 with the market action index hovering around 47. This is less than last month's market action index of 53. Inventory has increased to 126. Click here to stay informed with the Bend market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bend, OR 97703

Tue Sep 28 2021
This week the median list price for Bend, OR 97703 is $1,297,000 with the market action index hovering around 47. This is less than last month's market action index of 53. Inventory has increased to 126. Click here to stay informed with the Bend market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bend market.
Median List Price $1,297,000
Median Price of New Listings $939,000
Per Square Foot $509
Average Days on Market 49
Median Days on Market 28
Price Decreased 51%
Price Increased 1%
Relisted 3%
Inventory 126
Median Rent
Market Action 47
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,649,000 3,857 1 - 2.5 acres 4 3 18 3 1 49
$1,495,000 3,071 0.5 - 1 acre 4 3 22 1 2 49
$995,000 2,238 0.25 - 0.5 acre 3 2 22 6 8 28
$749,950 1,483 6,500 - 8,000 sqft 3 2 38 7 5 21