Bend home sales picked up in June, with a 21% increase month-to-month and a 15% increase year-over-year. There were 169 homes sold last month, up from 140 in May, and up from 147 in June 2024. Pending sales were up 5% month-to-month and 41% annually.
Despite the increase of sales and pending sales—and fewer new listings—last month, active listings in Bend again increased, and are at their highest level since 2014. There were 678 active listings in June, up 7% from 631 in May, and up 64% compared to June 2024.
There were 243 new listings in Bend last month, down 15% from May, but up 7% compared to June 2024.
At $694,500, the median sales price of a home in Bend was down 10% in June—both month-to-month and year-over-year. In May of this year, the median sales price was $774,250, and in June 2024, it was $775,000. As sellers navigate a competitive market, there are more reductions on the asking prices of homes. Over the last six weeks, there was an average of 81 price reductions each week, up from an average of 61 reductions over the prior six-week period.
The length of time it’s taking to sell a home in Bend increased from an average of 46 days in May to 58 days last month. In June 2024, the average days on market was 28.
With buyers having more inventory to choose from, a data-driven pricing strategy and objective approach to preparing your home for the market is more important than ever. Our team provides you with thoughtful, research-based guidance to help you highlight the best features of your property, differentiate it from other homes for sale and market it beautifully. Please reach out to chat!
—Jason
Median Sales Price
- The median sales price of a home in Bend was down 10% in June, from $774,250 in May to $694,500 last month.
- Year-over-year, the median sales price is down 10% when compared to $775,000 in June 2024.
New Listings
- New listings of homes in Bend were down 15% in June, from 285 new listings in May to 243 last month.
- Year-over-year, new listings are up 7% compared to June 2024, when there were 228 new listings.
Home Sold and Pending Sales
- Sales of Bend homes rose 21% last month, from 140 homes sold in May to 169 in June.
- Compared to June 2024, home sales in Bend are up 15%.
- Pending sales were up 5% last month, from 202 in May to 213 in June.
- Year-over-year, pending sales are up 41% when compared to 151 in June 2024.
Active Listings and Months of Inventory
- Active listings of homes in Bend were up 7% last month, from 631 in May to 678 in June.
- Year-over-year, active listings are up 64% when compared to 413 active listings in June 2024.
- Active listings of homes for sale in Bend are at their highest level since 2014.
- The months of inventory was down 11% last month, from 4.5 months in May to 4 months in June.
- In June 2024, there was 2.8 months’ worth of inventory.
Days on Market and Price Reductions
- The days on market for a home in Bend went from an average of 46 days in May to 58 days in June.
- In June 2024, the average days on market was 28.
- Over the last six weeks, there was an average of 81 price reductions on homes in Bend each week.
- The prior six-week period showed an average of 61 price reductions each week.
