First American Market Report
Bend, OR 97703
Single-Family Homes
First American Title Company | www.firstam.com
Bend, OR 97703
Thu Apr 18 2024
This week the median list price for Bend, OR 97703 is $1,649,500 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 124.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,649,500 | |
| Median Price of New Listings | $1,390,000 | |
| Per Square Foot | $607 | |
| Average Days on Market | 74 | |
| Median Days on Market | 28 | |
| Price Decreased | 23% | |
| Price Increased | 2% | |
| Relisted | 2% | |
| Inventory | 124 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,949,000 | 4,331 | 1 - 2.5 acres | 4 | 4 | 18 | 4 | 0 | 35 |
| $1,830,000 | 3,302 | 0.25 - 0.5 acre | 4 | 3.5 | 18 | 4 | 2 | 42 |
| $1,450,000 | 2,537 | 8,000 - 10,000 sqft | 4 | 3 | 1 | 8 | 4 | 14 |
| $875,900 | 1,776 | 4,500 - 6,500 sqft | 3 | 2.5 | 25 | 11 | 6 | 21 |