First American Market Report

Bend, OR 97707

Single-Family Homes

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Bend, OR 97707

Thu Feb 29 2024
This week the median list price for Bend, OR 97707 is $1,025,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 31. 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

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.

Bend, OR 97707

Thu Feb 29 2024
This week the median list price for Bend, OR 97707 is $1,025,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 31. 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

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

Never miss important changes in the Bend market.
Median List Price $1,025,000
Median Price of New Listings $1,385,000
Per Square Foot $476
Average Days on Market 103
Median Days on Market 84
Price Decreased 29%
Price Increased 0%
Relisted 3%
Inventory 31
Median Rent
Market Action 33
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
$2,595,000 3,883 0.5 - 1 acre 5 5.5 4 1 1 49
$1,300,000 2,670 0.5 - 1 acre 4 3 20 0 0 115
$887,450 2,191 0.5 - 1 acre 3 2 29 0 1 140
$599,000 1,612 0.5 - 1 acre 3 2 29 1 2 63