It is an active spring for the Bend real estate market, with new listings, pending sales and home sales all continuing to tick upward.
There were 164 home sales in Bend last month, an increase of 44% over March when 114 homes sold. Pending sales were up, too, from 150 in March to 167 in April.
New listings of homes in Bend were up 9%, with 210 homes listed last month. These newly-listed properties helped increase the number of active listings by 12%, up from 273 homes in March to 307 in April.
The median sales price of a home in Bend dipped month-to-month, from $760,000 in March to $714,000 last month, but was up 7% compared with the median sales price in April 2023. Based on our weekly data, we are seeing an increase in price reductions. On average, there were 24 price reductions each week over the last six weeks.
All the details of listing a home — including prepping the property, staging, pricing and marketing — become even more important in an active market like this one. We love helping our clients bring their homes to the market in a way that is as stress-free as possible and based on local market insights, which can uniquely vary from national trends. Please reach out to us for a conversation about what your home might be worth and how we can help you sell it on your timeline.
—Jason
Median Sales Price
- The median sales price of a Bend home was $714,000 in April, a 6% decrease from $760,000 in March.
- Year-over-year, the median sales price of a home in Bend is up 7% compared to $669,100 in April 2023.
New Listings
- New listings were up 9% in Bend last month, up from 192 in March to 210 in April.
- Year-over-year, new listings are up 26% (compared with 167 new listings in April 2023).
Home Sold and Pending Sales
- Home sales were up 44% in April, from 114 sales in March to 164 last month.
- In April 2023, there were 129 sales of homes in Bend.
- Pending sales were up 11% last month, up from 150 in March to 167 in April.
- Compared to April 2023, pending sales were down 8% last month.
Active Listings and Months of Inventory
- Active listings increased 12% last month, from 273 Bend homes in March to 307 in April.
- Year-over-year, the number of active listings last month was 38% higher than in April 2023, when there were 222 actives.
Days on Market and Price Reductions
- The days on market went from an average of 68 days in March to 43 days in April.
- In April 2023, the average days on market was 45.
- Over the last six weeks, there was an average of 24 price reductions on Bend homes each week.
