Real estate activity continues to pick up in Bend this spring, with a steady increase of home sales, pending sales and new listings since the beginning of the year.
Home sales were up 24% last month, from 122 homes sold in February to 151 in March. Pending sales in Bend were up, too, from 151 to 186 month-to-month.
March also saw an uptick of homes selling for at-or-over asking price. Before concessions were calculated, 42% of homes sold at-or-above asking price. After concessions were applied, 28% of homes sold at-or-above asking, the highest percentage over the last year. This could be due to sellers initially pricing their homes lower than they would have within the past year.
At $685,000 in March, the median sales price in Bend was down 6% month-to-month and 7% year-over-year. Based on our weekly data, there were an average of 38 price reductions each week over the last six weeks.
All-cash purchases remain at pre-pandemic levels, with 23% of homes purchased with cash in March. Concessions—credits that sellers give buyers at closings—remained steady at 47% last month.
New listings were up 19%, from 198 in February to 235 in March, and up 6% year-over-year. Active listings are up 11%, from 397 in February to 442 last month.
Wondering what the value of your home is? We’ve curated market trends for over 19 years to help our sellers make data-driven decisions when pricing their homes. This data also helps us support buyers as they navigate the Bend real estate market. Please reach out to chat!
—Jason
Median Sales Price
- The median sales price in Bend was down 6% month-to-month, from $725,000 in February to $685,000 in March.
- Year-over-year, the median sales price is down 7%; it was $740,000 in March 2025.
New Listings
- New listings of homes in Bend were up 19% in April, from 198 in February to 235 last month.
- Compared to a year ago when there were 221, new listings are up 6%.
Home Sold and Pending Sales
- Home sales in Bend were up 24% last month, from 122 sales in February to 151 in March.
- Pending sales were up 23% in March, from 151 in February to 186 last month.
- Year-over-year, home sales are up 22% and pending sales are up 18%.
Active Listings and Months of Inventory
- Active listings of Bend homes rose 11% last month, from 397 listings in February to 442 in March.
- Year-over-year, active listings are down 3%.
- The months of inventory was down 11% month-to-month and down 22% year-over-year.
- There was 2.9 months’ worth of inventory in March, down from 3.2 months in February.
Days on Market and Price Reductions
- Homes in Bend sold more quickly in March, down from 83 days in February to 56 last month.
- In March 2025, it took an average of 53 days to sell a home in Bend.
- There was an average of 38 price reductions each week over the last six weeks, up slightly from an average of 30 in the six-week period prior.
