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
Mon Mar 01 2021
This week the median list price for Bend, OR 97707 is $1,797,500 with the market action index hovering around 59. This is less than last month's market action index of 70. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,797,500 | |
| Per Square Foot | $430 | |
| Days on Market | 21 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Most Expensive | $2,350,000 | |
| Least Expensive | $857,500 | |
| Market Action | 59 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $2,350,000 | 4,242 | 0.25 - 0.5 acre | 6 | 6 | 0 | 0 | 0 | 7 |
| $2,350,000 | 4,540 | 0.25 - 0.5 acre | 7 | 7 | 0 | 0 | 0 | 21 |
| $1,797,500 | 4,334 | 0.5 - 1 acre | 3 | 4 | 13 | 0 | 0 | 98 |
| $953,750 | 3,191 | 0.5 - 1 acre | 4 | 3 | 39 | 1 | 0 | 133 |