Enjoy Bend Life Real Estate | Stellar Realty

Bend, OR

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com



Bend, OR

Tue Sep 28 2021
This week the median list price for Bend, OR is $895,000 with the market action index hovering around 55. This is less than last month's market action index of 63. Inventory has increased to 376. 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 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

Tue Sep 28 2021
This week the median list price for Bend, OR is $895,000 with the market action index hovering around 55. This is less than last month's market action index of 63. Inventory has increased to 376. 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 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 $895,000
Median Price of New Listings $789,000
Per Square Foot $397
Average Days on Market 41
Median Days on Market 28
Price Decreased 43%
Price Increased 2%
Relisted 2%
Inventory 376
Median Rent $2,700
Market Action 55
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,898,750 3,571 1 - 2.5 acres 4 3 20 10 5 56
$1,087,000 2,513 0.5 - 1 acre 3 2 23 14 15 28
$789,500 2,223 8,000 - 10,000 sqft 3 2 23 19 13 21
$580,000 1,704 4,500 - 6,500 sqft 3 2 16 22 28 21