As it did in 2024, the median sales price of a home for sale in Bend dropped 10% from October to November this fall, from $777,500 in October to $697,500 last month. In 2024, the median sales price went from $797,450 in October to $713,750 in November. Year-over-year, the median sales price in November is down 5%.
Cash purchases accounted for 19% of all homes sold in November, significantly lower than the 25-33% we’ve seen over the last couple of years. The big news, though, is how many homes sold for under their original asking price.
Concessions that sellers offered buyers made up 42% of all home sales in Bend last month. Once those concessions were calculated, the stats show that 92% of the homes sold in November for under the original asking price. This is a 6% increase over October and a 9% increase year-over-year.
After a spike in October of 114 days on market, the length time it’s taking to sell a home in Bend is at an average of 71 days. Almost half of the homes sold in November were on the market for at least 60 days before going pending.
Not surprisingly for this time of year, there were fewer new listings and home sales in Bend last month, but pending sales were up slightly. With 520 homes on the market last month, there were 11% more active listings this November than in November 2024.
Have questions about listing your home in 2026? Please reach out to our team to chat. Also, be on the lookout for our 2026 Annual Market Trend Report in January. Happy Holidays!
—Jason
Median Sales Price
- The median sales price was down 10% month-to-month, from $777,500 in October to $697,500 in November.
- Year-over-year, the median sales price is down 5% when compared with $731,750 in November 2024.
New Listings
- New listings in Bend were down 30% in November, from 135 in October to 94 last month.
- Year-over-year, new listings are down 22% when compared to 120 new listings in November 2024.
Home Sold and Pending Sales
- Home sales in Bend were down 24% last month, from 164 sales in October to 124 in November.
- Pending sales were up slightly last month, from 144 in October to 146 in November.
- Compared to November 2024, home sales are up 1% and pending sales are up 33%.
Active Listings and Months of Inventory
- Active listings of Bend homes were down 10% in November, from 578 in October to 520 in November.
- Year-over-year, active listings are up 11% when compared to 469 in November 2024.
- The months of inventory is up 20%, from 3.5 months’ worth in October to 4.2 months in November.
- In November 2024, there was 3.8 months’ worth of inventory in Bend.
Days on Market and Price Reductions
- Bend homes were on the market for an average of 71 days in November, down from 114 days in October.
- In November 2024, it took an average of 75 days to sell a home in Bend.
- After seller concessions were calculated, 92% of the home sales in November sold for under the original asking price.
