First American Market Report

Bend, OR 97707

Single-Family Homes

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Bend, OR 97707

Thu Mar 28 2024
This week the median list price for Bend, OR 97707 is $875,000 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has increased to 33. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.

Bend, OR 97707

Thu Mar 28 2024
This week the median list price for Bend, OR 97707 is $875,000 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has increased to 33. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Never miss important changes in the Bend market.
Median List Price $875,000
Median Price of New Listings $704,450
Per Square Foot $419
Average Days on Market 88
Median Days on Market 63
Price Decreased 27%
Price Increased 0%
Relisted 6%
Inventory 33
Median Rent
Market Action 34
Slight Seller's Advantage

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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
$1,749,750 3,107 0.5 - 1 acre 4 3.8 13 1 2 126
$1,085,000 2,018 1 - 2.5 acres 3 2.5 18 1 0 84
$764,500 1,974 0.5 - 1 acre 3 2 23 1 2 31
$599,000 1,846 0.5 - 1 acre 3 2 26 3 0 63