First American Market Report
Bend, OR 97707
Single-Family Homes
First American Title Company | www.firstam.com
Bend, OR 97707
Fri Jul 26 2024
This week the median list price for Bend, OR 97707 is $899,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 81.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $899,000 | |
| Median Price of New Listings | $1,749,000 | |
| Per Square Foot | $438 | |
| Average Days on Market | 90 | |
| Median Days on Market | 56 | |
| Price Decreased | 44% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 81 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer'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 |
|---|---|---|---|---|---|---|---|---|
| $2,197,000 | 3,662 | 0.25 - 0.5 acre | 4 | 4.5 | 10 | 5 | 1 | 52 |
| $1,217,500 | 2,572 | 1 - 2.5 acres | 3 | 3 | 19 | 1 | 0 | 73 |
| $769,000 | 1,984 | 0.5 - 1 acre | 3 | 2 | 20 | 3 | 2 | 45 |
| $555,000 | 1,626 | 0.5 - 1 acre | 3 | 2 | 28 | 0 | 2 | 63 |