Most of the market trends we gather and analyze indicated an increase of real estate activity in Bend last month. New listings were up 44%, active listings were up 20%, pending sales were up 15% and home sales were up 3%.
The median sales price increased also, from $680,000 in February to $760,000 in March. This is an increase of 12% month-to-month, and 5% higher than the average median sales price of $724,118 in 2023.
New listings of homes for sale in Bend were up from 133 in February to 192 last month. There were 273 active listings in March, and the months of inventory rose from 2.0-months’ worth to 2.4 months.
Pending sales were up from 130 in February to 150 last month, and 114 homes sold in March, up from 111 in February. It’s taking an average of 68 days to sell a home in Bend, up from an average of 47 days on market in March 2023. That said, we’ve had recent listings go pending much quicker than the average days on market.
If you’re curious about the value of your home or need expert advice on navigating a real estate transaction on your timeline, we’re here to help. Not only do we rely on our data to make conversations about your real estate goals as low-stress as possible, but we also have a deep understanding of this unique market.
—Jason
Median Sales Price
- The median sales price of a Bend home rose 12% last month, from $680,000 in February to $760,000 in March.
- The median sales price was up 12% year-over-year as well, up from $680,000 in March 2023.
New Listings
- New listings of homes for sale in Bend were up 44% last month, from 133 in February to 192 in March.
- Year-over-year, new listings are up 23% compared with March 2023, when there 222 new listings.
Home Sold and Pending Sales
- Home sales in Bend were up 3% in March, from 111 sales in February to 114 last month.
- Pending sales increased by 15% last month, from 130 in February to 150 in March.
- Last year, 125 homes sold in the month of March and 174 homes were pending.
Active Listings and Months of Inventory
- Active listings of Bend homes were up 20% last month, from 227 in February to 273 in March.
- Year-over-year, active listings were up 23% last month.
- There was 2.4-months’ worth of inventory in March, up from 2.0-months’ worth in February.
- Last year, there was 1.8-months’ worth of inventory in March 2023.
Days on Market and Price Reductions
- The length of time it’s taking to sell a home in Bend extended from 62 days in February to 68 days in March.
- In March of 2023, homes spent an average of 47 days on the market.
- Over the last six weeks, there were an average of 17 price reductions on Bend homes each week.
