After dipping below $700,000 in November and hovering there through January, the median sales price in Bend rose 5% last month, from $689,000 in January to $725,000 in February. Year-over-year, the median sales price of a home in Bend is up 4% from $700,000 in February 2025.
The increased pipeline of pending sales we saw in January boosted home sales in February. Sales of homes in Bend were up 36% last month, from 90 transactions in January to 122 in February. Home sales in March should benefit from another increase of pending listings in February, which are up 9%.
Once concessions were calculated, 13% of homes sold in Bend last month did so for asking price or above, an increase from only 8% in January, but down from 31% a year ago. Concessions—financial credits sellers offer buyers prior to closing—trended downward last month. Only 38% of Bend home sales in February included a concession, down from 41% a year ago.
The cash purchase breakdown was interesting in February. Twenty-nine percent of all homes purchased last month were paid for with cash, the highest percentage in three months. Upon closer look, though, almost half of the homes with a sales price of $1 million or more were purchased with cash. Only 22% of homes with a sales price below $1 million were purchased with cash.
New listings were up last month, from 133 in January to 198 in February, a 49% increase. Active listings were up also, from 374 in January to 397 last month, a 6% increase.
With real estate activity picking up in Bend this spring, you might be wondering not only what your home is worth, but how to navigate finding a new home in Central Oregon. Our team supports both sellers and buyers with data-driven strategies that consider your long-term dreams and goals. Please reach out for a chat!
—Jason
Median Sales Price
- The median sales price in Bend rose 5% in February, up from $689,000 in January to $725,000 last month.
- Year-over-year, the median sales price is up 4%; it was $700,000 in February 2025.
New Listings
- New listings in Bend were up 49% last month, from 133 listings in January to 198 in February.
- In February 2025, there were 170 new listings, 16% fewer than this February.
Home Sold and Pending Sales
- Sales of homes in Bend were up 36% last month, from 90 sales in January to 122 in February.
- Year-over-year, home sales are up 27%; there were 96 sales in February 2025.
- Pending sales were up 9%, from 139 in January to 151 last month.
- Year-over-year, pending sales are up 14%, from 132 in February 2025.
Active Listings and Months of Inventory
- Active listings of Bend homes rose 6% last month, from 374 listings in January to 397 in February.
- Year-over-year, active listings are relatively flat when compared to February 2025 when there were 392 listings.
- The months of inventory was down 22% month-to-month and 21% year-over-year.
- There was 3.25-months’ worth of inventory in February, down from 4.2 months in January.
Days on Market and Price Reductions
- Homes in Bend sold a little more quickly in February with an average of 83 days on market, down from 99 days in January.
- In February 2025, it took an average of 62 days to sell a home in Bend.
- There was an average of 31 price reductions each week over the last six weeks, up slightly from an average of 27 in the six-week period prior.
