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

Mon Mar 01 2021
This week the median list price for Bend, OR 97703 is $1,345,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 31. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Bend, OR 97703

Mon Mar 01 2021
This week the median list price for Bend, OR 97703 is $1,345,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 31. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bend market.
Median List Price $1,345,000
Per Square Foot $486
Days on Market 28
Price Decreased 16%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent $2,775
Most Expensive $3,495,000
Least Expensive $549,000
Market Action 58
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,550,000 4,174 1 - 2.5 acres 4 3 16 0 0 42
$1,447,450 2,733 1 - 2.5 acres 3 3 34 1 1 49
$1,072,500 2,172 0.25 - 0.5 acre 3 2 10 0 2 73
$824,749 2,063 8,000 - 10,000 sqft 3 2 23 3 3 14