New listings of homes for sale in Bend were up 30% last month, from 102 in January to 133 in February. This new inventory helped meet buyer demand after a slowdown of new listings in November and December.
Sales activity increased last month, too. A 22% increase of pending sales in January helped contribute to a 23% increase of home sales in February. Last month, 111 homes in Bend sold, up from 90 in January. Pending sales were also up last month, from 121 in January to 130 in February.
Active listings of homes in Bend were down 3% last month, but at 227 listings, up 9% compared with February 2023. Currently, there is 2.0 months’ worth of inventory in Bend, down 23% from 2.6 months’ worth in January.
The median sales price in Bend was $680,000, down 3% from $697,233 in January, but up 3% year-over-year. In February 2023, the median sales price was $659,450. On average, there are 13 price reductions on Bend listings each week based on our data over the last six weeks.
With an average of 62 days on market, it’s taking a little longer to sell a home in Bend right now. In January, the average days on market was 52 days, and in February of last year, it was 57 days.
We do our best to take the stress out of buying and selling homes by working with you to create a strategy that is data-driven and focused on your life goals. Please contact us to chat about your real estate plans and dreams. We’re here to help!
—Jason
Median Sales Price
- The median sales price of a Bend home is $680,000, down 3% from $697,233 in January.
- Year-over-year, the median sales price is up 3% compared to $659,450 in February 2023.
New Listings
- There were 133 new listings in Bend last month, up 30% from 102 in January.
- In February 2023, there were 126 new listings.
Home Sold and Pending Sales
- Home sales in Bend were up 23% last month, from 90 homes sold in January to 111 in February.
- Pending sales were up 7% in February, from 121 in January to 130 pending sales last month.
- Last year, in February 2023, there were 112 home sales and 164 pending sales.
Active Listings and Months of Inventory
- There were 227 active listings in Bend last month, down 3% from 233 in January.
- In February 2023, there were 209 active listings.
- There is 2.0 months’ worth of inventory in Bend, down from 2.6 months in January.
- The months of inventory was 1.9 months last year.
Days on Market and Price Reductions
- It took an average of 62 days to sell a Bend home in February, up from 52 days in January.
- In February 2023, it took an average of 57 days on market.
- There was an average of 13 price reductions on homes in Bend each week over the last six weeks.
