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. 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

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.

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. 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

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

Never miss important changes in the Bend market.
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