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
Sun Aug 01 2021
This week the median list price for Bend, OR 97703 is $1,311,500 with the market action index hovering around 68. This is less than last month's market action index of 73. Inventory has increased to 92.
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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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
| Median List Price | $1,311,500 | |
| Median Price of New Listings | $1,149,900 | |
| Per Square Foot | $500 | |
| Average Days on Market | 37 | |
| Median Days on Market | 21 | |
| Price Decreased | 28% | |
| Price Increased | 2% | |
| Relisted | 1% | |
| Inventory | 92 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,995,000 | 4,165 | 1 - 2.5 acres | 4 | 4 | 18 | 4 | 2 | 42 |
| $1,595,000 | 3,059 | 2.5 - 5 acres | 4 | 3 | 26 | 3 | 1 | 28 |
| $1,100,000 | 2,522 | 0.25 - 0.5 acre | 4 | 2 | 21 | 5 | 9 | 21 |
| $799,000 | 1,937 | 6,500 - 8,000 sqft | 3 | 2 | 21 | 5 | 7 | 7 |