First American Market Report

Bend, OR 97702

Single-Family Homes

First American Title Company | www.firstam.com



Bend, OR 97702

Tue Jul 16 2024
This week the median list price for Bend, OR 97702 is $850,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 227. 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.

Slight Seller's Advantage

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 97702

Tue Jul 16 2024
This week the median list price for Bend, OR 97702 is $850,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 227. 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.

Slight Seller's Advantage

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 $850,000
Median Price of New Listings $924,900
Per Square Foot $409
Average Days on Market 69
Median Days on Market 42
Price Decreased 48%
Price Increased 2%
Relisted 3%
Inventory 227
Median Rent
Market Action 37
Slight Seller's Advantage

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
$1,939,950 3,364 0.5 - 1 acre 4 3.5 18 8 3 70
$975,000 2,453 0.25 - 0.5 acre 3 2.5 24 3 2 35
$749,000 1,919 4,500 - 6,500 sqft 3 2.5 17 2 5 35
$609,990 1,668 0 - 4,500 sqft 3 2.5 8 8 1 42