The available inventory of homes for sale in Bend was up 21% month-to-month in May, and up 65% year-over-year. Active listings were up from 522 in April to 631 last month, and in May 2024, there were only 382 Bend homes on the market.
The number of active listings in Bend is the highest it’s been since August 2018, when there were 634 homes on the market.
There was a 10% increase of new listings in Bend last month, from 260 in April to 285 in May. New listings are up 9% year-over-year.
The median sales price in Bend was down 7% month-to-month and up 3% year-over-year. After an all-time high of $830,000 in April, the median sales price decreased to $774,250 in May. The median sales price of a home in Bend was $754,900 in May 2024. Price reductions have become more common, with an average of 69 homes reduced each week over the last six weeks.
Home sales in Bend were down 5% last month, from 147 sales in April to 140 in May. Pending sales were up 15% in May, from 175 in April to 202 last month. Sales of Bend homes are up 8% year-over-year, and pending sales are up 18%.
Homes in Bend are selling more quickly, with the average days on market dropping from 68 in April to 46 days in May. Year-over-year, it’s still taking a little longer to sell a home in Bend than the average of 38 days in May 2024.
With buyers having more inventory to choose from, having a data-driven pricing strategy and an 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 and differentiate it from other homes for sale. Please reach out to chat!
—Jason
Median Sales Price
- The median sales price of a home in Bend was down 7% in May, from an all-time high of $830,000 in April to $774,250 last month.
- Year-over-year, the median sales price is up 3% when compared to $754,900 in May 2024.
New Listings
- There were 10% more new listings last month in Bend, up from 260 in April to 285 in May.
- New listings are up 9% year-over-year; in May 2024, there were 262 new listings of homes in Bend.
Home Sold and Pending Sales
- Home sales in Bend were down 5% in May, from 147 sales in April to 140 last month.
- In May 2024, there were 130 sales of Bend homes.
- Pending sales were up 15% last month, from 175 in April to 202 in May.
- Year-over-year, pending sales are up 18%; there were 171 pending sales in May 2024.
Active Listings and Months of Inventory
- Active listings were up 21% last month, from 522 in April to 631 in May.
- Compared with May 2024, when there were 382 active listings in Bend, active listings are up 65% year-over-year.
- There was 4.5 months’ worth of inventory last month in Bend, up from 3.6 months in April.
- In May 2024, there was 2.9 months’ worth of inventory in Bend.
Days on Market and Price Reductions
- The days on market for a home in Bend went from an average of 68 days in April to 46 days in May.
- In May 2023, the average days on market was 38.
- Over the last six weeks, there was an average of 69 price reductions on homes in Bend each week.
- The prior six-week period showed an average of 57 price reductions each week.
