Enjoy Bend Life Real Estate | Stellar Realty
Bend, OR 97702
Single-Family Homes
Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com
Bend, OR 97702
Mon Mar 01 2021
This week the median list price for Bend, OR 97702 is $750,000 with the market action index hovering around 78. This is an increase over last month's market action index of 69. Inventory has held steady at or around 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $750,000 | |
| Per Square Foot | $352 | |
| Days on Market | 14 | |
| Price Decreased | 3% | |
| Price Increased | 7% | |
| Relisted | 0% | |
| Inventory | 29 | |
| Median Rent | $2,498 | |
| Most Expensive | $4,197,000 | |
| Least Expensive | $369,000 | |
| Market Action | 78 | |
| Strong Seller's Market | ||
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,995,950 | 4,215 | 10 - 20 acres | 4 | 5 | 15 | 0 | 1 | 336 |
| $949,000 | 2,770 | 0.5 - 1 acre | 4 | 3 | 13 | 1 | 3 | 42 |
| $685,000 | 2,399 | 8,000 - 10,000 sqft | 4 | 2 | 19 | 4 | 2 | 0 |
| $529,500 | 1,562 | 6,500 - 8,000 sqft | 3 | 2 | 29 | 7 | 6 | 0 |