New listings and pending sales of Bend homes were up in January, while home sales were relatively steady, and the median sales price was down month-to-month.
There was a 33% increase of newly listed homes in Bend last month, up from 77 new listings in December to 102 in January. In January 2023, there were 109 new listings, up from only 47 in December 2022.
Home sales in Bend were down 2% last month, but pending sales were up 22%. In January, 90 homes sold, down just slightly from 92 in December. Pending sales of Bend homes rose from 99 in December to 121 last month.
At $697,233, the median sales price of a home in Bend was down 5% month-to-month, but up 2% year-over-year. Based on our weekly data, there were an average of 12 price reductions each week since the beginning of the year.
Active listings were down 15% last month, from 273 in December to 233 in January, but up 6% year-over-year. Currently, there is 2.6-months’ worth of inventory in Bend.
In case you missed it, we recently published our 2024 Annual Market Study for Bend. This comprehensive report includes data spanning 11 years and provides a big-picture view of the local real estate market. We love helping you map out your real estate strategy based on your goals, your timeline, our data and our deep experience in the Bend market. Please contact us to schedule an informal chat!
—Jason
Median Sales Price
- The median sales price of a home in Bend is $697,233, down 5% from December, when it was $737,000.
- The median price is up 2% compared to $684,950 in January 2023.
New Listings
- New listings of homes in Bend were up 33% in January, from 77 in December to 102 last month.
- There were 6% fewer new listings this January compared with January 2023, when there were 109 homes newly listed.
Home Sold and Pending Sales
- Home sales in Bend were down 2% last month, from 92 in December to 90 in January.
- Pending sales of Bend homes were up 22% month-to-month, from 99 in December to 121 in January.
- Compared to January 2023, home sales were up 7% last month year-over-year.
- Pending sales were down 2% last month compared to January 2023.
Active Listings and Months of Inventory
- Active listings of homes in Bend were down 15% in January, from 273 in December to 233 last month.
- Year-over-year, active listings in Bend were up 6% last month compared with January 2023.
- There is 2.6-months’ worth of inventory in Bend, 13% less than in December 2023.
Days on Market and Price Reductions
- It takes an average of 52 days to sell a home in Bend, longer than the average of 40 days in December, but slightly shorter than the average of 55 days in January 2023.
- Over the last six weeks, there were an average of 12 price reductions on Bend homes each week.
