Enjoy Bend Life Real Estate | Stellar Realty
Bend, OR 97707
Single-Family Homes
Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com
Bend, OR 97707
Sun Aug 01 2021
This week the median list price for Bend, OR 97707 is $675,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 26.
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. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $675,000 | |
| Median Price of New Listings | $509,000 | |
| Per Square Foot | $368 | |
| Average Days on Market | 34 | |
| Median Days on Market | 28 | |
| Price Decreased | 42% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 26 | |
| Median Rent | $2,495 | |
| Market Action | 60 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,822,500 | 4,433 | 0.5 - 1 acre | 4 | 4 | 9 | 0 | 1 | 35 |
| $797,000 | 2,377 | 1 - 2.5 acres | 3 | 2 | 17 | 1 | 1 | 21 |
| $575,000 | 1,743 | 0.5 - 1 acre | 3 | 2 | 17 | 1 | 0 | 28 |
| $495,000 | 1,360 | 1 - 2.5 acres | 3 | 2 | 24 | 3 | 0 | 14 |