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.
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
| 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 |